Events correlation in Operations Manager 2012

Dears,

I want to know if Operation Manager 2012 solution is be able to correlate cascading issues and be able to pinpoint and suggest the root cause of the issues. For example, if a Exchange service or CRM is not reachable and there is problem in Network Switch or NIC Card, then because the connected network device or NIC is down, the root cause of the issues should be the network.

Thanks