Oakmark International Small Fund Market Value
| OANEX Fund | USD 18.58 1.44 7.19% |
| Symbol | Oakmark |
Oakmark International 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Oakmark International's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Oakmark International.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Oakmark International on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Oakmark International Small or generate 0.0% return on investment in Oakmark International over 30 days. Oakmark International is related to or competes with Century Small, T Rowe, T Rowe, Issachar Fund, Multimedia Portfolio, and Volumetric Fund. The fund invests primarily in a diversified portfolio of common stocks of non-U.S More
Oakmark International Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Oakmark International's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Oakmark International Small upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 4.47 | |||
| Value At Risk | (1.35) | |||
| Potential Upside | 1.52 |
Oakmark International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oakmark International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oakmark International's standard deviation. In reality, there are many statistical measures that can use Oakmark International historical prices to predict the future Oakmark International's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | 4.06 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Oakmark International's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Oakmark International Backtested Returns
Oakmark International maintains Sharpe Ratio (i.e., Efficiency) of -0.12, which implies the entity had a -0.12% return per unit of risk over the last 3 months. Oakmark International exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Oakmark International's Variance of 1.48, risk adjusted performance of (0.07), and Coefficient Of Variation of (1,048) to confirm the risk estimate we provide. The fund holds a Beta of -0.0311, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Oakmark International are expected to decrease at a much lower rate. During the bear market, Oakmark International is likely to outperform the market.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Oakmark International Small has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Oakmark International time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Oakmark International price movement. The serial correlation of -0.78 indicates that around 78.0% of current Oakmark International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Oakmark International lagged returns against current returns
Autocorrelation, which is Oakmark International mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Oakmark International's mutual fund expected returns. We can calculate the autocorrelation of Oakmark International returns to help us make a trade decision. For example, suppose you find that Oakmark International has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Oakmark International regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Oakmark International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oakmark International mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oakmark International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Oakmark International Lagged Returns
When evaluating Oakmark International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oakmark International mutual fund have on its future price. Oakmark International autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Oakmark International autocorrelation shows the relationship between Oakmark International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Oakmark International Small.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Oakmark Mutual Fund
Oakmark International financial ratios help investors to determine whether Oakmark Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Oakmark with respect to the benefits of owning Oakmark International security.
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