Oakmark Select Fund Market Value

OAZLX Fund  USD 80.13  1.11  1.40%   
Oakmark Select's market value is the price at which a share of Oakmark Select trades on a public exchange. It measures the collective expectations of Oakmark Select investors about its performance. Oakmark Select is trading at 80.13 as of the 24th of December 2024; that is 1.40 percent up since the beginning of the trading day. The fund's open price was 79.02.
With this module, you can estimate the performance of a buy and hold strategy of Oakmark Select and determine expected loss or profit from investing in Oakmark Select over a given investment horizon. Check out Oakmark Select Correlation, Oakmark Select Volatility and Oakmark Select Alpha and Beta module to complement your research on Oakmark Select.
Symbol

Please note, there is a significant difference between Oakmark Select's value and its price as these two are different measures arrived at by different means. Investors typically determine if Oakmark Select is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Oakmark Select's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Oakmark Select '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 Select'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 Select.
0.00
09/25/2024
No Change 0.00  0.0 
In 2 months and 31 days
12/24/2024
0.00
If you would invest  0.00  in Oakmark Select on September 25, 2024 and sell it all today you would earn a total of 0.00 from holding Oakmark Select or generate 0.0% return on investment in Oakmark Select over 90 days. Oakmark Select is related to or competes with Oakmark International, Oakmark Fund, Oakmark Global, Oakmark International, Oakmark Bond, Oakmark Equity, and Oakmark International. The fund invests primarily in common stocks of U.S More

Oakmark Select 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 Select'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 Select upside and downside potential and time the market with a certain degree of confidence.

Oakmark Select Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Oakmark Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oakmark Select's standard deviation. In reality, there are many statistical measures that can use Oakmark Select historical prices to predict the future Oakmark Select's volatility.
Hype
Prediction
LowEstimatedHigh
79.1480.1381.12
Details
Intrinsic
Valuation
LowRealHigh
79.1680.1581.14
Details

Oakmark Select Backtested Returns

At this stage we consider Oakmark Mutual Fund to be very steady. Oakmark Select 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. We have found twenty-seven technical indicators for Oakmark Select, which you can use to evaluate the volatility of the fund. Please check Oakmark Select's Semi Deviation of 0.7067, risk adjusted performance of 0.0735, and Coefficient Of Variation of 1106.53 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. The fund holds a Beta of 0.1, which implies not very significant fluctuations relative to the market. As returns on the market increase, Oakmark Select's returns are expected to increase less than the market. However, during the bear market, the loss of holding Oakmark Select is expected to be smaller as well.

Auto-correlation

    
  -0.38  

Poor reverse predictability

Oakmark Select has poor reverse predictability. Overlapping area represents the amount of predictability between Oakmark Select time series from 25th of September 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Select price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Oakmark Select price fluctuation can be explain by its past prices.
Correlation Coefficient-0.38
Spearman Rank Test0.02
Residual Average0.0
Price Variance2.51

Oakmark Select lagged returns against current returns

Autocorrelation, which is Oakmark Select 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 Select's mutual fund expected returns. We can calculate the autocorrelation of Oakmark Select returns to help us make a trade decision. For example, suppose you find that Oakmark Select 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 Select 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 Select mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oakmark Select 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 Select mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Oakmark Select Lagged Returns

When evaluating Oakmark Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oakmark Select mutual fund have on its future price. Oakmark Select 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 Select autocorrelation shows the relationship between Oakmark Select mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Oakmark Select.
   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 Select 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 Select security.
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