Correlation Between Natixis Oakmark and Oakmark International
Can any of the company-specific risk be diversified away by investing in both Natixis Oakmark and Oakmark International at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Natixis Oakmark and Oakmark International into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Natixis Oakmark International and Oakmark International Fund, you can compare the effects of market volatilities on Natixis Oakmark and Oakmark International and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Natixis Oakmark with a short position of Oakmark International. Check out your portfolio center. Please also check ongoing floating volatility patterns of Natixis Oakmark and Oakmark International.
Diversification Opportunities for Natixis Oakmark and Oakmark International
0.94 | Correlation Coefficient |
Almost no diversification
The 3 months correlation between Natixis and Oakmark is 0.94. Overlapping area represents the amount of risk that can be diversified away by holding Natixis Oakmark International and Oakmark International Fund in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Oakmark International and Natixis Oakmark is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Natixis Oakmark International are associated (or correlated) with Oakmark International. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Oakmark International has no effect on the direction of Natixis Oakmark i.e., Natixis Oakmark and Oakmark International go up and down completely randomly.
Pair Corralation between Natixis Oakmark and Oakmark International
Assuming the 90 days horizon Natixis Oakmark is expected to generate 2.26 times less return on investment than Oakmark International. In addition to that, Natixis Oakmark is 1.0 times more volatile than Oakmark International Fund. It trades about 0.0 of its total potential returns per unit of risk. Oakmark International Fund is currently generating about 0.01 per unit of volatility. If you would invest 2,642 in Oakmark International Fund on September 12, 2024 and sell it today you would earn a total of 26.00 from holding Oakmark International Fund or generate 0.98% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
Natixis Oakmark International vs. Oakmark International Fund
Performance |
| Timeline |
| Natixis Oakmark Inte |
| Oakmark International |
Natixis Oakmark and Oakmark International Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Natixis Oakmark and Oakmark International
The main advantage of trading using opposite Natixis Oakmark and Oakmark International positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Natixis Oakmark position performs unexpectedly, Oakmark International can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Oakmark International will offset losses from the drop in Oakmark International's long position.| Natixis Oakmark vs. Edward Jones Money | Natixis Oakmark vs. Elfun Government Money | Natixis Oakmark vs. Ab Government Exchange | Natixis Oakmark vs. Aig Government Money |
| Oakmark International vs. Smallcap Growth Fund | Oakmark International vs. Tfa Alphagen Growth | Oakmark International vs. Small Pany Growth | Oakmark International vs. Franklin Growth Opportunities |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Other Complementary Tools
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Fundamental Analysis View fundamental data based on most recent published financial statements |