Oakmark International Correlations

OAKIX Fund

USD 27.95 0.20 0.72%

The current 90-days correlation between Oakmark International and Oakmark Fund Investor is 0.5 (i.e., Very weak diversification). The correlation of Oakmark International 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 International Correlation With Market

Very good diversification

The correlation between Oakmark International Fund and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oakmark International Fund 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 International Fund. 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 gross domestic product.

Moving together with Oakmark Mutual Fund

0.97	OAYIX	Oakmark International	Pair Corr
0.77	OAYWX	Oakmark Global Select	Pair Corr
0.73	OAZEX	Oakmark International	Pair Corr
0.76	OAZCX	Oakmark Bond	Pair Corr
0.79	OAZIX	Oakmark International	Pair Corr
0.72	OAZGX	Oakmark Global	Pair Corr
0.92	OAYCX	Oakmark Bond	Pair Corr
0.72	OAYGX	Oakmark Global	Pair Corr
0.97	OAYEX	Oakmark International	Pair Corr
0.73	OAZWX	Oakmark Global Select	Pair Corr
0.75	OAKCX	Harris Associates	Pair Corr
0.9	OAKGX	Oakmark Global	Pair Corr
0.97	OAKEX	Oakmark International	Pair Corr
0.97	OAKWX	Oakmark Global Select	Pair Corr
0.75	OANWX	Oakmark Global Select	Pair Corr
0.97	OANEX	Oakmark International	Pair Corr
0.73	OANCX	Oakmark Bond	Pair Corr
0.97	OANIX	Oakmark International	Pair Corr
0.72	OANGX	Oakmark Global	Pair Corr
0.71	DOXFX	Dodge Cox International	Pair Corr
0.98	DODFX	Dodge International Stock	Pair Corr
0.65	FINVX	Fidelity Series Inte	Pair Corr
0.96	VTRIX	Vanguard International	Pair Corr
0.96	RRIGX	T Rowe Price	Pair Corr
0.82	GAAKX	Gmo Alternative Allo	Pair Corr
0.81	GAAGX	Gmo Alternative Allo	Pair Corr
0.93	GPBFX	Gmo E Plus	Pair Corr

Moving against Oakmark Mutual Fund

0.91	PQTAX	Pimco Trends Managed	Pair Corr
0.9	PQTNX	Pimco Trends Managed	Pair Corr
0.9	PQTIX	Aa Pimco Tr	Pair Corr
0.79	GPMFX	Guidepath Managed Futures	Pair Corr

Related Correlations Analysis

	OAKMX	OAKLX	OAKEX	OAKGX	OAKBX
OAKMX		0.95	0.14	0.48	0.93	OAKMX
OAKLX	0.95		-0.08	0.25	0.83	OAKLX
OAKEX	0.14	-0.08		0.92	0.43	OAKEX
OAKGX	0.48	0.25	0.92		0.69	OAKGX
OAKBX	0.93	0.83	0.43	0.69		OAKBX
	OAKMX	OAKLX	OAKEX	OAKGX	OAKBX

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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

OAKLX	+ 0.95	OAKMX
OAKBX	+ 0.93	OAKMX
OAKGX	+ 0.92	OAKEX
OAKBX	+ 0.83	OAKLX
OAKBX	+ 0.69	OAKGX
OAKGX	+ 0.48	OAKMX

High negative correlations

OAKEX

- 0.08

OAKLX

Risk-Adjusted Indicators

There is a big difference between Oakmark Mutual Fund performing well and Oakmark International 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 International'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
OAKMX	0.69	0.01	0.02	(0.14)	0.90	(0.76)	1.33	(1.66)	3.76
OAKLX	0.77	(0.03)	0.00	0.20	0.00	0.00	1.43	(1.88)	3.58
OAKEX	0.72	0.16	0.17	0.30	0.68	(0.79)	1.90	(1.49)	5.52
OAKGX	0.64	0.11	0.13	0.18	0.64	(0.68)	1.49	(1.20)	3.71
OAKBX	0.43	0.00	0.00	0.00	0.62	(0.43)	0.88	(0.90)	2.30

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