Oakmark Bond Correlations

OAZCX Fund

USD 8.93 0.03 0.34%

The current 90-days correlation between Oakmark Bond and T Rowe Price is 0.25 (i.e., Modest diversification). The correlation of Oakmark Bond is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Oakmark Bond Correlation With Market

Significant diversification

The correlation between Oakmark Bond and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oakmark Bond and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oakmark Bond. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Oakmark Mutual Fund

0.99	MWTNX	Metropolitan West Total	Pair Corr
0.92	MWTSX	Metropolitan West Total	Pair Corr
0.84	PTTPX	Pimco Total Return	Pair Corr
0.99	PTRRX	Total Return	Pair Corr
0.99	PTRAX	Total Return	Pair Corr
0.92	PTTRX	Total Return	Pair Corr
0.99	FIWGX	Strategic Advisers	Pair Corr
0.93	DODIX	Dodge Income	Pair Corr
0.99	MWTIX	Metropolitan West Total	Pair Corr
0.92	MWTRX	Metropolitan West Total	Pair Corr
0.84	VGTSX	Vanguard Total Inter	Pair Corr
0.84	VTIAX	Vanguard Total Inter	Pair Corr
0.63	FCFWX	American Funds Retirement	Pair Corr
0.92	JSEAX	Jpmorgan International	Pair Corr
0.82	VZ	Verizon Communications Aggressive Push	Pair Corr
0.69	TRV	The Travelers Companies	Pair Corr
0.68	MCD	McDonalds	Pair Corr

Moving against Oakmark Mutual Fund

0.45	VSMPX	Vanguard Total Stock	Pair Corr
0.45	VSTSX	Vanguard Total Stock	Pair Corr
0.45	VITSX	Vanguard Total Stock	Pair Corr
0.41	VFFSX	Vanguard 500 Index	Pair Corr
0.37	VTSAX	Vanguard Total Stock	Pair Corr
0.37	VTSMX	Vanguard Total Stock	Pair Corr
0.33	VFIAX	Vanguard 500 Index	Pair Corr
0.33	VFINX	Vanguard 500 Index	Pair Corr
0.46	AA	Alcoa Corp	Pair Corr
0.46	AXP	American Express	Pair Corr
0.43	CAT	Caterpillar	Pair Corr
0.34	BA	Boeing Buyout Trend	Pair Corr
0.33	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	TFIFX	PRISX	GCFSX	FIKBX	VETXX
TFIFX		0.65	0.52	0.81	0.0	TFIFX
PRISX	0.65		0.58	0.89	0.0	PRISX
GCFSX	0.52	0.58		0.55	0.0	GCFSX
FIKBX	0.81	0.89	0.55		0.0	FIKBX
VETXX	0.0	0.0	0.0	0.0		VETXX
	TFIFX	PRISX	GCFSX	FIKBX	VETXX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FIKBX	+ 0.89	PRISX
FIKBX	+ 0.81	TFIFX
PRISX	+ 0.65	TFIFX
GCFSX	+ 0.58	PRISX
FIKBX	+ 0.55	GCFSX
GCFSX	+ 0.52	TFIFX

High negative correlations

VETXX	- 0.0	FIKBX
VETXX	- 0.0	GCFSX
VETXX	- 0.0	PRISX
VETXX	- 0.0	TFIFX

Risk-Adjusted Indicators

There is a big difference between Oakmark Mutual Fund performing well and Oakmark Bond Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Oakmark Bond's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TFIFX	0.81	0.01	0.07	(0.38)	1.25	(0.78)	1.50	(1.84)	6.16
PRISX	0.92	(0.13)	0.00	(0.58)	0.00	0.00	1.50	(3.03)	7.14
GCFSX	0.72	0.16	0.17	0.17	0.89	(0.78)	1.93	(2.41)	4.68
FIKBX	0.89	(0.03)	0.00	(0.11)	0.00	0.00	1.66	(2.69)	6.29
VETXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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