Destinations Core Correlations

DCFFX Fund

USD 8.57 0.01 0.12%

The current 90-days correlation between Destinations Core Fixed and Destinations Multi Strategy is -0.05 (i.e., Good diversification). The correlation of Destinations Core 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.

Destinations Core Correlation With Market

Very weak diversification

The correlation between Destinations Core Fixed and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Destinations Core Fixed 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 Destinations Core Fixed. 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 price.

Moving together with Destinations Mutual Fund

0.65	DIEZX	Destinations International	Pair Corr
0.67	DIEFX	Destinations International	Pair Corr
0.82	DLDFX	Destinations Low Duration	Pair Corr
0.83	DLDZX	Destinations Low Duration	Pair Corr
0.85	DMFFX	Destinations Municipal	Pair Corr
0.87	DMFZX	Destinations Municipal	Pair Corr
0.84	DRAFX	Destinations Real Assets	Pair Corr
0.63	DSMFX	Destinations Small Mid	Pair Corr
0.94	DCFZX	Destinations Core Fixed	Pair Corr
0.72	DGEZX	Destinations Equity	Pair Corr
0.73	DGEFX	Destinations Equity	Pair Corr
0.78	DGFZX	Destinations Global Fixed	Pair Corr
0.78	DGFFX	Destinations Global Fixed	Pair Corr
0.93	DODIX	Dodge Income	Pair Corr
0.98	DOXIX	Dodge Cox Income	Pair Corr
0.96	FIWGX	Strategic Advisers	Pair Corr
0.95	MWTNX	Metropolitan West Total	Pair Corr
0.95	MWTSX	Metropolitan West Total	Pair Corr
0.96	PTTPX	Pimco Total Return	Pair Corr
0.97	PTRRX	Total Return	Pair Corr
0.96	PTRAX	Total Return	Pair Corr
0.96	PTTRX	Total Return	Pair Corr
0.97	PDBSX	Prudential Total Return	Pair Corr
0.67	PMPIX	Precious Metals Ultr	Pair Corr
0.67	PMPSX	Precious Metals Ultr	Pair Corr
0.66	FGADX	Franklin Gold Precious	Pair Corr
0.71	EKWYX	Wells Fargo Advantage	Pair Corr
0.71	INIVX	International Investors	Pair Corr
0.64	FRGOX	Franklin Gold Precious	Pair Corr
0.67	EKWAX	Wells Fargo Advantage	Pair Corr

Moving against Destinations Mutual Fund

0.33	DSHZX	Brinker Capital Dest	Pair Corr
0.33	DSHFX	Brinker Capital Dest	Pair Corr

Related Correlations Analysis

	DIEZX	DIEFX	DLCFX	DLDFX	DLCZX	DLDZX	DMFFX	DMFZX	DMSFX	DMSZX
DIEZX		1.0	0.84	0.85	0.86	0.85	0.89	0.87	0.69	0.69	DIEZX
DIEFX	1.0		0.82	0.86	0.85	0.86	0.91	0.88	0.67	0.67	DIEFX
DLCFX	0.84	0.82		0.53	1.0	0.52	0.54	0.48	0.89	0.93	DLCFX
DLDFX	0.85	0.86	0.53		0.56	1.0	0.91	0.93	0.34	0.34	DLDFX
DLCZX	0.86	0.85	1.0	0.56		0.56	0.57	0.52	0.88	0.92	DLCZX
DLDZX	0.85	0.86	0.52	1.0	0.56		0.92	0.93	0.33	0.33	DLDZX
DMFFX	0.89	0.91	0.54	0.91	0.57	0.92		0.99	0.4	0.38	DMFFX
DMFZX	0.87	0.88	0.48	0.93	0.52	0.93	0.99		0.33	0.32	DMFZX
DMSFX	0.69	0.67	0.89	0.34	0.88	0.33	0.4	0.33		0.96	DMSFX
DMSZX	0.69	0.67	0.93	0.34	0.92	0.33	0.38	0.32	0.96		DMSZX
	DIEZX	DIEFX	DLCFX	DLDFX	DLCZX	DLDZX	DMFFX	DMFZX	DMSFX	DMSZX

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Risk-Adjusted Indicators

There is a big difference between Destinations Mutual Fund performing well and Destinations Core 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 Destinations Core'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
DIEZX	0.72	0.29	0.24	0.56	0.65	(0.89)	1.43	(1.35)	11.83
DIEFX	0.68	0.26	0.21	0.51	0.68	(0.85)	1.40	(1.32)	9.87
DLCFX	0.59	0.08	0.09	0.15	0.61	(0.70)	0.92	(1.29)	8.45
DLDFX	0.07	0.02	(0.09)	(3.72)	0.00	(0.16)	0.11	(0.11)	1.08
DLCZX	0.66	0.14	0.16	0.25	0.54	(0.82)	0.89	(1.33)	12.33
DLDZX	0.08	0.02	(0.08)	(2.55)	0.00	(0.15)	0.11	(0.11)	1.04
DMFFX	0.06	0.01	(0.13)	0.28	0.00	(0.11)	0.10	(0.20)	0.41
DMFZX	0.07	0.01	(0.14)	1.99	0.00	(0.11)	0.10	(0.10)	0.41
DMSFX	0.11	0.01	(0.17)	3.04	0.00	(0.18)	0.20	(0.19)	1.27
DMSZX	0.12	0.01	(0.18)	0.10	0.00	(0.19)	0.20	(0.20)	1.31

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