Dean Mid Correlations

DALCX Fund

USD 29.40 0.28 0.94%

The current 90-days correlation between Dean Mid Cap and American Beacon Bridgeway is 0.84 (i.e., Very poor diversification). The correlation of Dean Mid 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.

Dean Mid Correlation With Market

Very poor diversification

The correlation between Dean Mid Cap and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dean Mid Cap and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dean Mid Cap. 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 services.

Moving together with Dean Mutual Fund

0.98	DAEIX	Unified Series Trust	Pair Corr
0.97	DASCX	Dean Small Cap	Pair Corr
0.98	VMVAX	Vanguard Mid Cap	Pair Corr
0.89	JVMAX	John Hancock Disciplined	Pair Corr
0.9	JVMIX	John Hancock Disciplined	Pair Corr
0.98	VMVIX	Vanguard Mid Cap	Pair Corr
0.79	JMVZX	Jpmorgan Mid Cap	Pair Corr
0.81	JMVRX	Jpmorgan Mid Cap	Pair Corr
0.8	JMVQX	Jpmorgan Mid Cap	Pair Corr
0.81	JMVYX	Jpmorgan Mid Cap	Pair Corr
0.8	JMVPX	Jpmorgan Mid Cap	Pair Corr
0.88	MVCAX	Mfs Mid Cap	Pair Corr
0.63	CII	Blackrock Enhanced	Pair Corr
0.88	ETV	Eaton Vance Tax	Pair Corr
0.92	NFJ	Virtus Dividend Interest	Pair Corr
0.9	TBLDX	T Rowe Price	Pair Corr
0.88	FSELX	Fidelity Select Semi	Pair Corr
0.93	FOAGX	Oklahoma College Savings	Pair Corr
0.62	JDMNX	Janus Enterprise	Pair Corr
0.75	PPFAX	Princeton Premium	Pair Corr
0.84	RLBCX	American Balanced	Pair Corr
0.75	LMTIX	Qs Large Cap	Pair Corr
0.96	DHEYX	Diamond Hill Short	Pair Corr
0.92	HERIX	Hartford Emerging Markets	Pair Corr
0.79	GWPAX	American Funds Growth	Pair Corr
0.91	UIGSX	Government Securities	Pair Corr
0.94	DFGFX	Dfa Two Year	Pair Corr
0.76	JGMAX	Janus Triton	Pair Corr
0.93	SIRJX	Sierra E Retirement	Pair Corr
0.89	AGBGX	Global Bond Fund	Pair Corr
0.94	VGPMX	Vanguard Global Capital	Pair Corr
0.78	ANWPX	New Perspective	Pair Corr

Moving against Dean Mutual Fund

0.49	IIF	Morgan Stanley India	Pair Corr
0.4	IFN	India Closed	Pair Corr

Related Correlations Analysis

	CRMAX	DOPIX	MISFX	MAIPX	MIAPX	SILVX	DIVPX	SPEDX	INPIX	BRLVX
CRMAX		0.97	0.71	0.68	0.75	0.85	0.65	-0.07	-0.46	0.95	CRMAX
DOPIX	0.97		0.8	0.65	0.83	0.9	0.62	-0.16	-0.51	0.96	DOPIX
MISFX	0.71	0.8		0.39	0.98	0.9	0.36	-0.36	-0.65	0.84	MISFX
MAIPX	0.68	0.65	0.39		0.43	0.55	1.0	0.07	-0.05	0.66	MAIPX
MIAPX	0.75	0.83	0.98	0.43		0.89	0.4	-0.24	-0.57	0.85	MIAPX
SILVX	0.85	0.9	0.9	0.55	0.89		0.52	-0.24	-0.57	0.95	SILVX
DIVPX	0.65	0.62	0.36	1.0	0.4	0.52		0.1	-0.01	0.63	DIVPX
SPEDX	-0.07	-0.16	-0.36	0.07	-0.24	-0.24	0.1		0.74	-0.19	SPEDX
INPIX	-0.46	-0.51	-0.65	-0.05	-0.57	-0.57	-0.01	0.74		-0.55	INPIX
BRLVX	0.95	0.96	0.84	0.66	0.85	0.95	0.63	-0.19	-0.55		BRLVX
	CRMAX	DOPIX	MISFX	MAIPX	MIAPX	SILVX	DIVPX	SPEDX	INPIX	BRLVX

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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

DIVPX	+ 1.0	MAIPX
MIAPX	+ 0.98	MISFX
DOPIX	+ 0.97	CRMAX
BRLVX	+ 0.96	DOPIX
BRLVX	+ 0.95	CRMAX
BRLVX	+ 0.95	SILVX

High negative correlations

INPIX	- 0.65	MISFX
INPIX	- 0.57	SILVX
INPIX	- 0.57	MIAPX
BRLVX	- 0.55	INPIX
INPIX	- 0.51	DOPIX
INPIX	- 0.46	CRMAX

Risk-Adjusted Indicators

There is a big difference between Dean Mutual Fund performing well and Dean Mid 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 Dean Mid'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
CRMAX	0.91	0.18	0.18	0.22	0.71	(1.06)	2.25	(1.83)	7.99
DOPIX	0.87	0.06	0.06	0.12	0.90	(0.99)	2.33	(1.64)	5.92
MISFX	0.83	0.16	0.15	0.29	0.57	(1.05)	2.30	(1.36)	4.31
MAIPX	0.16	(0.01)	(0.26)	0.02	0.18	(0.18)	0.25	(0.42)	1.16
MIAPX	0.79	0.09	0.08	0.18	0.75	(0.94)	1.99	(1.65)	4.75
SILVX	0.48	0.06	0.05	0.19	0.39	(0.57)	1.21	(0.81)	2.82
DIVPX	0.16	(0.01)	(0.27)	0.01	0.19	(0.16)	0.23	(0.40)	1.15
SPEDX	0.58	(0.05)	0.00	(3.31)	0.00	0.00	1.31	(1.47)	3.55
INPIX	1.38	(0.44)	0.00	(0.28)	0.00	0.00	2.56	(3.50)	8.33
BRLVX	0.64	0.10	0.12	0.19	0.52	(0.73)	1.62	(1.13)	3.00

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