Oakmark International Correlations

OANIX Fund

USD 25.83 0.20 0.78%

The current 90-days correlation between Oakmark International and Legg Mason Partners is 0.43 (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

Modest diversification

The correlation between Oakmark International Fund and DJI is 0.24 (i.e., Modest 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

1.0	OAYIX	Oakmark International	Pair Corr
0.69	OAYWX	Oakmark Global Select	Pair Corr
0.96	OAZEX	Oakmark International	Pair Corr
1.0	OAZIX	Oakmark International	Pair Corr
0.66	OAZGX	Oakmark Global	Pair Corr
0.66	OAYGX	Oakmark Global	Pair Corr
0.96	OAYEX	Oakmark International	Pair Corr
0.69	OAZWX	Oakmark Global Select	Pair Corr
0.66	OAKGX	Oakmark Global	Pair Corr
0.96	OAKEX	Oakmark International	Pair Corr
1.0	OAKIX	Oakmark International	Pair Corr
0.7	OAKWX	Oakmark Global Select	Pair Corr
0.69	OANWX	Oakmark Global Select	Pair Corr
0.96	OANEX	Oakmark International	Pair Corr
0.66	OANGX	Oakmark Global	Pair Corr
0.89	DOXFX	Dodge Cox International	Pair Corr
0.9	DODFX	Dodge International Stock	Pair Corr
0.91	FINVX	Fidelity Series Inte	Pair Corr
0.96	VTRIX	Vanguard International	Pair Corr
0.95	RRIGX	T Rowe Price	Pair Corr
0.92	BTMPX	Ishares Msci Eafe	Pair Corr
0.92	BTMKX	Blackrock International	Pair Corr

Moving against OAKMARK Mutual Fund

0.66	OAYLX	Oakmark Select	Pair Corr
0.66	OAZLX	Oakmark Select	Pair Corr
0.66	OAKLX	Oakmark Select	Pair Corr
0.6	OAYMX	Oakmark Fund Advisor	Pair Corr
0.6	OAZMX	Oakmark Fund R6	Pair Corr
0.6	OAKMX	Oakmark Fund Investor	Pair Corr
0.53	OAZBX	Oakmark Equity And	Pair Corr
0.53	OAYBX	Oakmark Equity And	Pair Corr
0.53	OAKBX	Oakmark Equity And	Pair Corr
0.73	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.73	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.73	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.73	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.66	OANLX	Oakmark Select	Pair Corr
0.6	OANMX	Oakmark Fund Institu	Pair Corr
0.54	FSMMX	Fs Multi Strategy	Pair Corr
0.53	OANBX	Oakmark Equity And	Pair Corr

Related Correlations Analysis

	QLMYTX	FAZTX	ABIMX	ARTFX	MDMTX	USCBX	PATIX	OMIAX
QLMYTX		0.33	0.25	0.9	-0.12	0.28	0.23	0.25	QLMYTX
FAZTX	0.33		0.98	0.15	0.86	0.96	0.9	0.95	FAZTX
ABIMX	0.25	0.98		0.05	0.89	0.95	0.92	0.97	ABIMX
ARTFX	0.9	0.15	0.05		-0.31	0.13	0.02	0.02	ARTFX
MDMTX	-0.12	0.86	0.89	-0.31		0.88	0.81	0.86	MDMTX
USCBX	0.28	0.96	0.95	0.13	0.88		0.86	0.9	USCBX
PATIX	0.23	0.9	0.92	0.02	0.81	0.86		0.95	PATIX
OMIAX	0.25	0.95	0.97	0.02	0.86	0.9	0.95		OMIAX
	QLMYTX	FAZTX	ABIMX	ARTFX	MDMTX	USCBX	PATIX	OMIAX

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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

ABIMX	+ 0.98	FAZTX
OMIAX	+ 0.97	ABIMX
USCBX	+ 0.96	FAZTX
OMIAX	+ 0.95	FAZTX
USCBX	+ 0.95	ABIMX
OMIAX	+ 0.95	PATIX

High negative correlations

MDMTX	- 0.31	ARTFX
MDMTX	- 0.12	QLMYTX

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
QLMYTX	0.13	0.02	(0.44)	0.36	0.00	(0.22)	0.30	(0.15)	0.90
FAZTX	0.14	0.02	(0.33)	(0.21)	0.16	(0.19)	0.30	(0.29)	1.29
ABIMX	0.19	0.03	(0.23)	(0.14)	0.26	(0.24)	0.40	(0.50)	1.73
ARTFX	0.12	0.03	(0.64)	0.58	0.00	(0.21)	0.33	(0.22)	1.01
MDMTX	0.17	0.01	(0.31)	0.01	0.24	(0.23)	0.38	(0.56)	1.33
USCBX	0.16	0.02	(0.27)	(0.09)	0.22	(0.23)	0.39	(0.29)	1.74
PATIX	0.06	0.00	(0.36)	0.10	0.08	(0.20)	0.18	(0.18)	0.73
OMIAX	0.15	0.02	(0.35)	(0.07)	0.19	(0.20)	0.29	(0.29)	1.35

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