Oakmark International Correlations

Mutual Funds . USA . 
Fund . Oakmark International Fund
OAKIX Fund  USD 26.76  0.34  1.29%   
The current 90-days correlation between Oakmark International and Oakmark Fund Investor is 0.26 (i.e., Modest 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

Average diversification

The correlation between Oakmark International Fund and DJI is 0.16 (i.e., Average 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

  1.0OAYIX Oakmark InternationalPairCorr
  0.82OAYWX Oakmark Global SelectPairCorr
  1.0OAZIX Oakmark InternationalPairCorr
  0.83OAZGX Oakmark GlobalPairCorr
  0.83OAYGX Oakmark GlobalPairCorr
  0.82OAZWX Oakmark Global SelectPairCorr
  0.83OAKGX Oakmark GlobalPairCorr
  0.82OAKWX Oakmark Global SelectPairCorr
  0.77OANWX Oakmark Global SelectPairCorr
  1.0OANIX Oakmark InternationalPairCorr
  0.83OANGX Oakmark GlobalPairCorr
  0.77DOXFX Dodge Cox InternationalPairCorr
  0.76DODFX Dodge International StockPairCorr
  0.84FINVX Fidelity Series IntePairCorr
  0.94RRIGX T Rowe PricePairCorr

Moving against Oakmark Mutual Fund

  0.36TTP Tortoise Pipeline AndPairCorr
  0.33NTG Tortoise Mlp ClosedPairCorr

Related Correlations Analysis

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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   
OAKBX
+ 0.95
OAKMX
OAKLX
+ 0.93
OAKMX
OAKBX
+ 0.9
OAKLX
OAKGX
+ 0.67
OAKEX
OAKBX
+ 0.65
OAKGX
OAKGX
+ 0.59
OAKMX
  
High negative correlations   
OAKEX
- 0.03
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.

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