Dean Mid Correlations

DALCX Fund

USD 26.81 0.01 0.04%

The current 90-days correlation between Dean Mid Cap and Crm Smallmid Cap is 0.79 (i.e., 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

Poor diversification

The correlation between Dean Mid Cap and DJI is 0.77 (i.e., 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

0.79	DAEIX	Unified Series Trust	Pair Corr
0.82	DASCX	Dean Small Cap	Pair Corr
0.83	VMVAX	Vanguard Mid Cap	Pair Corr
0.83	VMVIX	Vanguard Mid Cap	Pair Corr
0.74	JMVRX	Jpmorgan Mid Cap	Pair Corr
0.67	JMVQX	Jpmorgan Mid Cap	Pair Corr
0.67	JMVYX	Jpmorgan Mid Cap	Pair Corr
0.74	JMVPX	Jpmorgan Mid Cap	Pair Corr
0.69	WHIAX	Ivy High Income	Pair Corr
0.69	IVHIX	Ivy High Income	Pair Corr
0.67	IHIFX	Ivy High Income	Pair Corr
0.65	WRHIX	Ivy High Income	Pair Corr
0.69	WHIYX	Ivy High Income	Pair Corr
0.81	SISEX	Shelton International	Pair Corr
0.61	VFIAX	Vanguard 500 Index	Pair Corr
0.74	LCCAX	Columbia Trarian Core	Pair Corr
0.8	DOPIX	Dreyfus Opportunistic	Pair Corr
0.7	TRZBX	T Rowe Price	Pair Corr
0.63	DRRYX	Dreyfus Global Real	Pair Corr
0.66	FCTHX	Fidelity Advisor Freedom	Pair Corr
0.77	VVSGX	Valic Company I	Pair Corr
0.64	DTCYX	The Dreyfus Sustainable	Pair Corr
0.8	DSCVX	Dreyfus Opportunistic	Pair Corr
0.76	RIMOX	City National Rochdale	Pair Corr

Moving against Dean Mutual Fund

0.68	ERH	Allspring Utilities And	Pair Corr
0.54	JMVZX	Jpmorgan Mid Cap	Pair Corr

Related Correlations Analysis

	CRMAX	DOPIX	MISFX	MAIPX	MIAPX	SILVX	DIVPX	SPEDX	INPIX	BRLVX
CRMAX		0.84	-0.04	0.8	-0.48	0.18	0.79	0.07	-0.33	0.46	CRMAX
DOPIX	0.84		-0.17	0.63	-0.35	0.25	0.63	0.22	-0.12	0.47	DOPIX
MISFX	-0.04	-0.17		0.41	0.45	-0.03	0.43	0.22	0.19	0.01	MISFX
MAIPX	0.8	0.63	0.41		-0.26	0.22	1.0	0.17	-0.2	0.46	MAIPX
MIAPX	-0.48	-0.35	0.45	-0.26		-0.28	-0.23	0.56	0.83	-0.4	MIAPX
SILVX	0.18	0.25	-0.03	0.22	-0.28		0.21	-0.26	-0.2	0.75	SILVX
DIVPX	0.79	0.63	0.43	1.0	-0.23	0.21		0.2	-0.17	0.45	DIVPX
SPEDX	0.07	0.22	0.22	0.17	0.56	-0.26	0.2		0.52	-0.23	SPEDX
INPIX	-0.33	-0.12	0.19	-0.2	0.83	-0.2	-0.17	0.52		-0.35	INPIX
BRLVX	0.46	0.47	0.01	0.46	-0.4	0.75	0.45	-0.23	-0.35		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
DOPIX	+ 0.84	CRMAX
INPIX	+ 0.83	MIAPX
MAIPX	+ 0.8	CRMAX
DIVPX	+ 0.79	CRMAX
BRLVX	+ 0.75	SILVX

High negative correlations

MIAPX	- 0.48	CRMAX
BRLVX	- 0.4	MIAPX
BRLVX	- 0.35	INPIX
MIAPX	- 0.35	DOPIX
INPIX	- 0.33	CRMAX
SILVX	- 0.28	MIAPX

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	0.94	0.09	0.09	0.14	0.98	(0.98)	1.89	(1.54)	7.55
DOPIX	0.82	0.06	(0.01)	7.60	1.01	(0.87)	2.05	(1.84)	4.09
MISFX	0.88	(0.02)	(0.03)	0.05	1.08	(0.97)	1.70	(1.49)	5.20
MAIPX	0.17	0.00	(0.22)	0.06	0.19	(0.18)	0.25	(0.42)	1.23
MIAPX	0.83	(0.11)	0.00	(0.04)	0.00	0.00	1.75	(1.65)	6.37
SILVX	0.58	(0.06)	0.00	(3.30)	0.00	0.00	0.96	(1.13)	9.20
DIVPX	0.16	(0.01)	(0.21)	0.05	0.19	(0.17)	0.23	(0.40)	1.27
SPEDX	0.52	(0.03)	(0.11)	(0.01)	0.67	(0.56)	1.27	(1.27)	3.60
INPIX	1.30	(0.11)	0.00	(0.95)	0.00	0.00	2.59	(3.67)	6.98
BRLVX	0.76	(0.04)	0.00	(12.52)	0.00	0.00	1.11	(1.13)	11.94

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