Oakmark International Correlations

OAYEX Fund

USD 19.33 0.13 0.67%

The current 90-days correlation between Oakmark International and Versatile Bond Portfolio is 0.3 (i.e., 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 Small and DJI is 0.32 (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

0.96	OAYIX	Oakmark International	Pair Corr
1.0	OAZEX	Oakmark International	Pair Corr
0.64	OAZCX	Oakmark Bond	Pair Corr
0.96	OAZIX	Oakmark International	Pair Corr
0.64	OAYCX	Oakmark Bond	Pair Corr
0.64	OAKCX	Harris Associates	Pair Corr
1.0	OAKEX	Oakmark International	Pair Corr
0.96	OAKIX	Oakmark International	Pair Corr
1.0	OANEX	Oakmark International	Pair Corr
0.64	OANCX	Oakmark Bond	Pair Corr
0.96	OANIX	Oakmark International	Pair Corr
0.92	DISVX	Dfa International Small	Pair Corr
0.94	DFVQX	Dfa International Vector	Pair Corr
0.91	FMNEX	Free Market International	Pair Corr
0.61	CIF	Mfs Intermediate High	Pair Corr

Moving against Oakmark Mutual Fund

0.75	OAYLX	Oakmark Select	Pair Corr
0.75	OAZLX	Oakmark Select	Pair Corr
0.75	OAKLX	Oakmark Select	Pair Corr
0.69	OAYMX	Oakmark Fund Advisor	Pair Corr
0.69	OAZMX	Oakmark Fund R6	Pair Corr
0.69	OAKMX	Oakmark Fund Investor	Pair Corr
0.62	OAZBX	Oakmark Equity And	Pair Corr
0.61	OAYBX	Oakmark Equity And	Pair Corr
0.61	OAKBX	Oakmark Equity And	Pair Corr
0.78	XPPRX	Voya Prime Rate	Pair Corr
0.75	OANLX	Oakmark Select	Pair Corr
0.69	OANMX	Oakmark Fund Institu	Pair Corr
0.61	OANBX	Oakmark Equity And	Pair Corr
0.57	LMBAX	Qs Small Capitalization	Pair Corr
0.54	FXAIX	Fidelity 500 Index	Pair Corr
0.49	PCF	Putnam High Income	Pair Corr
0.37	XNKGX	Nuveen Georgia Quality	Pair Corr

Related Correlations Analysis

	PRVBX	SWSFX	ARTFX	TPYYX	PBXIX	PATFX	VWALX
PRVBX		0.65	0.77	0.32	0.54	0.42	0.34	PRVBX
SWSFX	0.65		0.85	0.01	0.76	-0.02	-0.09	SWSFX
ARTFX	0.77	0.85		0.16	0.85	0.2	0.18	ARTFX
TPYYX	0.32	0.01	0.16		0.04	0.49	0.43	TPYYX
PBXIX	0.54	0.76	0.85	0.04		-0.06	-0.06	PBXIX
PATFX	0.42	-0.02	0.2	0.49	-0.06		0.88	PATFX
VWALX	0.34	-0.09	0.18	0.43	-0.06	0.88		VWALX
	PRVBX	SWSFX	ARTFX	TPYYX	PBXIX	PATFX	VWALX

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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

VWALX	+ 0.88	PATFX
ARTFX	+ 0.85	SWSFX
PBXIX	+ 0.85	ARTFX
ARTFX	+ 0.77	PRVBX
PBXIX	+ 0.76	SWSFX
SWSFX	+ 0.65	PRVBX

High negative correlations

VWALX	- 0.09	SWSFX
VWALX	- 0.06	PBXIX
PATFX	- 0.06	PBXIX
PATFX	- 0.02	SWSFX

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
PRVBX	0.09	0.00	(0.93)	0.33	0.00	(0.10)	0.20	(0.20)	0.53
SWSFX	0.05	0.01	(1.04)	(1.89)	0.00	(0.21)	0.10	(0.10)	0.59
ARTFX	0.12	0.04	(0.60)	(1.12)	0.00	(0.20)	0.33	(0.22)	1.01
TPYYX	0.71	0.00	(0.12)	0.06	0.97	(0.74)	1.40	(1.71)	5.39
PBXIX	0.31	0.05	(0.06)	0.23	0.00	(0.41)	0.87	(0.55)	1.94
PATFX	0.15	0.02	(0.27)	(0.04)	0.23	(0.25)	0.44	(0.35)	1.69
VWALX	0.16	0.00	(0.27)	0.08	0.25	(0.22)	0.37	(0.37)	1.68

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