Oakmark International Correlations

Mutual Funds . USA . 
Fund . Oakmark International Fund
OAYIX Fund  USD 27.71  0.28  1.02%   
The current 90-days correlation between Oakmark International and The Hartford Emerging is 0.58 (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

Weak diversification

The correlation between Oakmark International Fund and DJI is 0.39 (i.e., Weak 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

  0.71OAYMX Oakmark Fund AdvisorPairCorr
  0.74OAYLX Oakmark SelectPairCorr
  0.97OAYWX Oakmark Global SelectPairCorr
  0.73OAZEX Oakmark InternationalPairCorr
  0.69OAZBX Oakmark Equity AndPairCorr
  0.91OAZIX Oakmark InternationalPairCorr
  0.89OAZGX Oakmark GlobalPairCorr
  0.7OAYBX Oakmark Equity AndPairCorr
  0.95OAYGX Oakmark GlobalPairCorr
  0.67OAYEX Oakmark InternationalPairCorr
  0.71OAZMX Oakmark Fund R6PairCorr
  0.73OAZLX Oakmark SelectPairCorr
  0.9OAZWX Oakmark Global SelectPairCorr
  0.68OAKBX Oakmark Equity AndPairCorr
  0.95OAKGX Oakmark GlobalPairCorr
  0.73OAKEX Oakmark InternationalPairCorr
  0.91OAKIX Oakmark InternationalPairCorr
  0.73OAKMX Oakmark Fund InvestorPairCorr
  0.67OAKLX Oakmark SelectPairCorr
  0.97OAKWX Oakmark Global SelectPairCorr
  0.97OANWX Oakmark Global SelectPairCorr
  0.67OANEX Oakmark InternationalPairCorr
  0.68OANCX Oakmark BondPairCorr
  0.69OANBX Oakmark Equity AndPairCorr
  0.67OANMX Oakmark Fund InstituPairCorr
  0.72OANLX Oakmark SelectPairCorr
  0.9DOXFX Dodge Cox InternationalPairCorr
  0.75DODFX Dodge International StockPairCorr
  0.89FINVX Fidelity Series IntePairCorr
  0.63RRIGX T Rowe PricePairCorr
  0.78PFN Pimco Income StrategyPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY