Oakmark International Correlations
| OAYEX Fund | USD 18.99 0.16 0.85% |
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Oakmark International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oakmark International Small moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Poor diversification
The correlation between Oakmark International Small and NYA is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oakmark International Small and NYA in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Oakmark International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oakmark International when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Oakmark International - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Oakmark International Small to buy it.
Moving together with Oakmark Mutual Fund
| 0.91 | OAYIX | Oakmark International | PairCorr |
| 0.83 | OAYMX | Oakmark Fund Advisor | PairCorr |
| 0.85 | OAYLX | Oakmark Select | PairCorr |
| 0.85 | OAYWX | Oakmark Global Select | PairCorr |
| 1.0 | OAZEX | Oakmark International | PairCorr |
| 0.82 | OAZBX | Oakmark Equity And | PairCorr |
| 0.91 | OAZIX | Oakmark International | PairCorr |
| 0.9 | OAZGX | Oakmark Global | PairCorr |
| 0.82 | OAYBX | Oakmark Equity And | PairCorr |
| 0.9 | OAYGX | Oakmark Global | PairCorr |
| 0.83 | OAZMX | Oakmark Fund R6 | PairCorr |
| 0.85 | OAZLX | Oakmark Select | PairCorr |
| 0.85 | OAZWX | Oakmark Global Select | PairCorr |
| 0.82 | OAKBX | Oakmark Equity And | PairCorr |
| 0.9 | OAKGX | Oakmark Global | PairCorr |
| 1.0 | OAKEX | Oakmark International | PairCorr |
Related Correlations Analysis
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| OAYIX | 0.54 | (0.03) | (0.07) | 0.03 | 0.61 | 1.05 | 3.00 | |||
| OAYMX | 0.55 | 0.04 | 0.05 | 0.11 | 0.61 | 1.19 | 3.25 | |||
| OAYWX | 0.54 | (0.03) | (0.04) | 0.05 | 0.83 | 0.96 | 3.03 | |||
| OAZBX | 0.40 | (0.01) | (0.04) | 0.07 | 0.52 | 0.84 | 2.47 | |||
| OAZIX | 0.54 | (0.03) | (0.07) | 0.03 | 0.61 | 1.05 | 3.04 | |||
| OAYCX | 0.26 | (0.04) | 0.00 | (0.09) | 0.00 | 0.46 | 1.49 | |||
| OAYBX | 0.40 | (0.01) | (0.04) | 0.07 | 0.51 | 0.87 | 2.50 | |||
| OAZMX | 0.55 | 0.04 | 0.05 | 0.11 | 0.61 | 1.19 | 3.23 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Oakmark International without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Already Invested in Oakmark International Small?
The danger of trading Oakmark International Small is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Oakmark International is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Oakmark International. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Oakmark International is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Oakmark International information on this page should be used as a complementary analysis to other Oakmark International's statistical models used 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 Bonds Directory module to find actively traded corporate debentures issued by US companies.