Destinations Core Correlations

DCFZX Fund

USD 8.81 0.04 0.46%

The current 90-days correlation between Destinations Core Fixed and Science Technology Fund is -0.02 (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

Poor diversification

The correlation between Destinations Core Fixed and DJI is 0.62 (i.e., Poor 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 nation.

Moving together with Destinations Mutual Fund

0.64	DIEZX	Destinations International	Pair Corr
0.65	DIEFX	Destinations International	Pair Corr
0.61	DLCFX	Destinations Large Cap	Pair Corr
0.69	DLDFX	Destinations Low Duration	Pair Corr
0.7	DLDZX	Destinations Low Duration	Pair Corr
0.71	DMFFX	Destinations Municipal	Pair Corr
0.73	DMFZX	Destinations Municipal	Pair Corr
0.63	DMSFX	Destinations Multi	Pair Corr
0.63	DMSZX	Destinations Multi	Pair Corr
0.7	DRAFX	Destinations Real Assets	Pair Corr
0.66	DSMFX	Destinations Small Mid	Pair Corr
0.65	DSMZX	Destinations Small Mid	Pair Corr
0.68	DGEZX	Destinations Equity	Pair Corr
0.68	DGEFX	Destinations Equity	Pair Corr
0.69	DGFZX	Destinations Global Fixed	Pair Corr
0.7	DGFFX	Destinations Global Fixed	Pair Corr
0.95	DODIX	Dodge Income	Pair Corr
0.95	DOXIX	Dodge Cox Income	Pair Corr
0.83	FIWGX	Strategic Advisers	Pair Corr
0.73	MWTNX	Metropolitan West Total	Pair Corr
0.74	MWTSX	Metropolitan West Total	Pair Corr
0.9	PTTPX	Pimco Total Return	Pair Corr
0.9	PTRRX	Total Return	Pair Corr
0.9	PTRAX	Total Return	Pair Corr
0.9	PTTRX	Total Return	Pair Corr
0.91	PDBSX	Prudential Total Return	Pair Corr
0.66	MLFAX	Mfs Lifetime 2040	Pair Corr

Moving against Destinations Mutual Fund

0.38

NXJ

Nuveen New Jersey

Pair Corr

Related Correlations Analysis

	FRBRX	PGKCX	JAGTX	VCSTX	JGLTX	BIPIX	USTCX
FRBRX		0.61	0.77	0.1	0.27	0.92	0.75	FRBRX
PGKCX	0.61		0.74	0.74	0.83	0.47	0.78	PGKCX
JAGTX	0.77	0.74		0.44	0.55	0.72	0.89	JAGTX
VCSTX	0.1	0.74	0.44		0.96	0.08	0.38	VCSTX
JGLTX	0.27	0.83	0.55	0.96		0.2	0.49	JGLTX
BIPIX	0.92	0.47	0.72	0.08	0.2		0.69	BIPIX
USTCX	0.75	0.78	0.89	0.38	0.49	0.69		USTCX
	FRBRX	PGKCX	JAGTX	VCSTX	JGLTX	BIPIX	USTCX

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
FRBRX	1.33	0.29	0.17	0.63	1.22	(1.53)	3.16	(2.25)	14.43
PGKCX	1.18	(0.13)	0.00	(0.04)	0.00	0.00	2.63	(2.78)	11.68
JAGTX	1.33	0.06	0.04	0.14	1.52	(1.37)	2.50	(2.60)	19.59
VCSTX	1.25	(0.20)	0.00	(0.10)	0.00	0.00	2.25	(3.24)	6.94
JGLTX	1.11	(0.17)	0.00	(0.10)	0.00	0.00	1.98	(2.59)	5.55
BIPIX	1.97	0.21	0.09	0.25	2.10	(2.09)	4.29	(3.27)	10.98
USTCX	1.09	(0.05)	(0.04)	0.02	1.60	(0.98)	2.45	(2.50)	10.82

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