Oakmark International Correlations

Mutual Funds . USA . 
Fund . Oakmark International Small
OAZEX Fund  USD 19.29  0.12  0.62%   
The current 90-days correlation between Oakmark International and Dfa International Small is 0.81 (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 0.32 (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

  0.96OAYIX Oakmark InternationalPairCorr
  0.64OAZCX Oakmark BondPairCorr
  0.96OAZIX Oakmark InternationalPairCorr
  0.64OAYCX Oakmark BondPairCorr
  1.0OAYEX Oakmark InternationalPairCorr
  0.64OAKCX Harris AssociatesPairCorr
  1.0OAKEX Oakmark InternationalPairCorr
  0.96OAKIX Oakmark InternationalPairCorr
  1.0OANEX Oakmark InternationalPairCorr
  0.64OANCX Oakmark BondPairCorr
  0.96OANIX Oakmark InternationalPairCorr
  0.92DISVX Dfa International SmallPairCorr
  0.94DFVQX Dfa International VectorPairCorr
  0.91FMNEX Free Market InternationalPairCorr
  0.61CIF Mfs Intermediate HighPairCorr

Moving against Oakmark Mutual Fund

  0.75OAYLX Oakmark SelectPairCorr
  0.75OAZLX Oakmark SelectPairCorr
  0.75OAKLX Oakmark SelectPairCorr
  0.69OAYMX Oakmark Fund AdvisorPairCorr
  0.69OAZMX Oakmark Fund R6PairCorr
  0.69OAKMX Oakmark Fund InvestorPairCorr
  0.62OAZBX Oakmark Equity AndPairCorr
  0.61OAYBX Oakmark Equity AndPairCorr
  0.61OAKBX Oakmark Equity AndPairCorr
  0.78XPPRX Voya Prime RatePairCorr
  0.75OANLX Oakmark SelectPairCorr
  0.69OANMX Oakmark Fund InstituPairCorr
  0.61OANBX Oakmark Equity AndPairCorr
  0.57LMBAX Qs Small CapitalizationPairCorr
  0.54FXAIX Fidelity 500 IndexPairCorr
  0.49PCF Putnam High IncomePairCorr
  0.37XNKGX Nuveen Georgia QualityPairCorr

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.

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