Oakmark International Correlations

OAKEX Fund

USD 19.52 0.21 1.09%

The current 90-days correlation between Oakmark International and Pear Tree Polaris is 0.83 (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 0.3 (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
1.0	OAYEX	Oakmark International	Pair Corr
0.64	OAKCX	Harris Associates	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

Moving against Oakmark Mutual Fund

0.76	OAYLX	Oakmark Select	Pair Corr
0.76	OAZLX	Oakmark Select	Pair Corr
0.76	OAKLX	Oakmark Select	Pair Corr
0.7	OAYMX	Oakmark Fund Advisor	Pair Corr
0.7	OAZMX	Oakmark Fund R6	Pair Corr
0.7	OAKMX	Oakmark Fund Investor	Pair Corr
0.63	OAZBX	Oakmark Equity And	Pair Corr
0.63	OAYBX	Oakmark Equity And	Pair Corr
0.63	OAKBX	Oakmark Equity And	Pair Corr
0.76	OANLX	Oakmark Select	Pair Corr
0.7	OANMX	Oakmark Fund Institu	Pair Corr
0.63	OANBX	Oakmark Equity And	Pair Corr
0.59	VTSAX	Vanguard Total Stock	Pair Corr
0.59	VTSMX	Vanguard Total Stock	Pair Corr
0.59	VSMPX	Vanguard Total Stock	Pair Corr
0.59	VSTSX	Vanguard Total Stock	Pair Corr
0.59	VITSX	Vanguard Total Stock	Pair Corr
0.55	VFIAX	Vanguard 500 Index	Pair Corr
0.55	VFINX	Vanguard 500 Index	Pair Corr
0.55	VFFSX	Vanguard 500 Index	Pair Corr

Related Correlations Analysis

	QUSIX	444859BR2	AQUI	BRRAY	LBHIX	MSTSX	ABHYX	VIASP	AAEVX	RRTLX
QUSIX		0.63	0.0	-0.11	-0.4	-0.16	0.17	-0.72	-0.57	-0.09	QUSIX
444859BR2	0.63		0.0	0.31	-0.54	-0.45	-0.03	-0.46	-0.65	-0.39	444859BR2
AQUI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	-0.11	0.31	0.0		-0.35	-0.45	-0.37	0.12	-0.28	-0.43	BRRAY
LBHIX	-0.4	-0.54	0.0	-0.35		0.68	0.56	0.26	0.73	0.74	LBHIX
MSTSX	-0.16	-0.45	0.0	-0.45	0.68		0.27	-0.05	0.81	0.86	MSTSX
ABHYX	0.17	-0.03	0.0	-0.37	0.56	0.27		-0.12	0.1	0.42	ABHYX
VIASP	-0.72	-0.46	0.0	0.12	0.26	-0.05	-0.12		0.47	0.1	VIASP
AAEVX	-0.57	-0.65	0.0	-0.28	0.73	0.81	0.1	0.47		0.83	AAEVX
RRTLX	-0.09	-0.39	0.0	-0.43	0.74	0.86	0.42	0.1	0.83		RRTLX
	QUSIX	444859BR2	AQUI	BRRAY	LBHIX	MSTSX	ABHYX	VIASP	AAEVX	RRTLX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

RRTLX	+ 0.86	MSTSX
RRTLX	+ 0.83	AAEVX
AAEVX	+ 0.81	MSTSX
RRTLX	+ 0.74	LBHIX
AAEVX	+ 0.73	LBHIX
MSTSX	+ 0.68	LBHIX

High negative correlations

VIASP	- 0.72	QUSIX
AAEVX	- 0.65	444859BR2
AAEVX	- 0.57	QUSIX
LBHIX	- 0.54	444859BR2
VIASP	- 0.46	444859BR2
MSTSX	- 0.45	BRRAY

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
QUSIX	0.57	(0.19)	0.00	(0.64)	0.00	0.00	1.23	(1.37)	3.87
444859BR2	1.36	(0.08)	0.00	(0.21)	0.00	0.00	5.93	(5.79)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.10)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
LBHIX	0.12	0.01	(0.39)	0.51	0.00	(0.28)	0.24	(0.24)	0.96
MSTSX	0.49	(0.03)	(0.12)	0.06	0.52	(0.61)	1.21	(1.02)	2.80
ABHYX	0.18	0.03	(0.22)	(0.11)	0.25	(0.24)	0.34	(0.33)	1.91
VIASP	0.75	0.08	(0.03)	(1.87)	1.12	(0.82)	2.28	(1.20)	7.18
AAEVX	0.49	(0.02)	(0.09)	0.08	0.53	(0.59)	0.93	(0.77)	2.76
RRTLX	0.23	(0.03)	(0.31)	0.03	0.26	(0.26)	0.48	(0.56)	1.36

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC