Oakmark International Correlations

Mutual Funds . USA . 
Fund . Oakmark International Small
OAYEX Fund  USD 23.06  0.05  0.22%   
The current 90-days correlation between Oakmark International and Oakmark International Fund is 0.87 (i.e., Very poor 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 Small and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oakmark International Small 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 Small. 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 income.

Moving together with Oakmark Mutual Fund

  0.99OAYIX Oakmark InternationalPairCorr
  0.69OAYMX Oakmark Fund AdvisorPairCorr
  0.95OAYLX Oakmark SelectPairCorr
  0.73OAYWX Oakmark Global SelectPairCorr
  0.71OAZEX Oakmark InternationalPairCorr
  0.72OAZBX Oakmark Equity AndPairCorr
  0.74OAZIX Oakmark InternationalPairCorr
  0.74OAZGX Oakmark GlobalPairCorr
  0.97OAYBX Oakmark Equity AndPairCorr
  0.98OAYGX Oakmark GlobalPairCorr
  0.97OAZMX Oakmark Fund R6PairCorr
  0.95OAZLX Oakmark SelectPairCorr
  0.94OAZWX Oakmark Global SelectPairCorr
  0.84OAKCX Harris AssociatesPairCorr
  0.72OAKBX Oakmark Equity AndPairCorr
  0.74OAKGX Oakmark GlobalPairCorr
  0.71OAKEX Oakmark InternationalPairCorr
  0.99OAKIX Oakmark InternationalPairCorr
  0.69OAKMX Oakmark Fund InvestorPairCorr
  0.72OAKLX Oakmark SelectPairCorr
  0.73OAKWX Oakmark Global SelectPairCorr
  0.94OANWX Oakmark Global SelectPairCorr
  1.0OANEX Oakmark InternationalPairCorr
  0.84OANCX Oakmark BondPairCorr
  0.97OANBX Oakmark Equity AndPairCorr
  0.74OANIX Oakmark InternationalPairCorr
  0.98OANGX Oakmark GlobalPairCorr
  0.69OANMX Oakmark Fund InstituPairCorr
  0.95OANLX Oakmark SelectPairCorr
  0.98DISVX Dfa International SmallPairCorr
  0.74DFVQX Dfa International VectorPairCorr
  0.73FMNEX Free Market InternationalPairCorr
  0.68KGGIX Kopernik Global AllPairCorr
  0.67KGGAX Kopernik Global AllPairCorr
  0.98DXQLX Direxion Monthly NasdaqPairCorr
  0.98RYVLX Nasdaq 100 2xPairCorr
  0.98RYVYX Nasdaq 100 2xPairCorr
  0.98UOPIX Ultra Nasdaq 100PairCorr

Related Correlations Analysis

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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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
OAYIX  0.64  0.17  0.13  0.54  0.31 
(0.73)
 1.47 
(0.97)
 3.20 
OAYMX  0.67  0.27  0.14 (2.14) 0.41 
(0.78)
 1.73 
(1.00)
 5.66 
OAYLX  0.73  0.05  0.04  0.18  0.72 
(0.80)
 1.80 
(1.22)
 5.97 
OAYWX  0.51  0.15  0.02 (3.87) 0.34 
(0.56)
 1.35 
(0.88)
 3.24 
OAZEX  0.58  0.26  0.22  1.48  0.06 
(0.71)
 1.51 
(0.77)
 3.41 
OAZCX  0.21  0.04 (0.31) 11.89  0.03 
(0.27)
 0.46 
(0.34)
 1.15 
OAZBX  0.43  0.16  0.03 (2.25) 0.29 
(0.48)
 1.05 
(0.75)
 3.82 
OAZIX  0.64  0.21  0.13  2.22  0.30 
(0.76)
 1.44 
(0.94)
 3.16 
OAZGX  0.61  0.20  0.10  52.45  0.37 
(0.69)
 1.80 
(1.23)
 4.16 
OAYCX  0.22  0.04 (0.31) 10.80  0.03 
(0.28)
 0.46 
(0.34)
 1.15 

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