Davis Appreciation Correlations

DCSCX Fund

USD 69.72 0.62 0.88%

The current 90-days correlation between Davis Appreciation Income and Davis Real Estate is 0.7 (i.e., Poor diversification). The correlation of Davis Appreciation 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.

Davis Appreciation Correlation With Market

Almost no diversification

The correlation between Davis Appreciation Income and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Davis Appreciation Income 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 Davis Appreciation Income. 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 Davis Mutual Fund

0.9	DILCX	Davis International	Pair Corr
0.9	DILAX	Davis International	Pair Corr
0.9	DILYX	Davis International	Pair Corr
0.76	RPFGX	Davis Financial	Pair Corr
0.96	RPFCX	Davis Appreciation Income	Pair Corr
0.94	RPFRX	Davis Real Estate	Pair Corr
0.9	RPEAX	Davis Opportunity	Pair Corr
0.95	DNVYX	Davis New York	Pair Corr
0.93	RFBAX	Davis Government Bond	Pair Corr
0.94	DREYX	Davis Real Estate	Pair Corr
0.94	DRECX	Davis Real Estate	Pair Corr
0.94	NYVCX	Davis New York	Pair Corr
0.94	NYVRX	Davis New York	Pair Corr
0.95	NYVTX	Davis New York	Pair Corr
1.0	DCSYX	Davis Appreciation Income	Pair Corr
0.76	DVFYX	Davis Financial	Pair Corr
0.76	DFFCX	Davis Financial	Pair Corr
0.8	DGFCX	Davis Global	Pair Corr
0.8	DGFAX	Davis Global	Pair Corr
0.81	DGFYX	Davis Global	Pair Corr
0.87	DGOCX	Davis Opportunity	Pair Corr
0.9	DGOYX	Davis Opportunity	Pair Corr
0.89	DGVCX	Davis Government Bond	Pair Corr
0.93	DGVYX	Davis Government Bond	Pair Corr
0.94	IFACX	Income Fund	Pair Corr
0.94	IFAFX	Income Fund	Pair Corr
0.94	AMECX	Income Fund	Pair Corr
0.94	FFIFX	American Funds	Pair Corr
0.94	FAIFX	American Funds	Pair Corr
0.94	RIDBX	Income Fund	Pair Corr
0.94	CIMEX	Income Fund	Pair Corr
0.94	RIDFX	Income Fund	Pair Corr
0.94	CIMCX	Income Fund	Pair Corr
0.94	CIMFX	Income Fund	Pair Corr
0.94	FSMMX	Fs Multi Strategy	Pair Corr
0.95	BTMPX	Ishares Msci Eafe	Pair Corr
0.95	BTMKX	Blackrock International	Pair Corr
0.95	MDIIX	Blackrock Intern Index	Pair Corr
0.78	SPMPX	Invesco Steelpath Mlp	Pair Corr

Related Correlations Analysis

	DILCX	DILAX	DILYX	RPFGX	RPFRX	RPEAX	DNVYX	RFBAX	DREYX
DILCX		1.0	1.0	0.84	0.79	0.88	0.92	0.77	0.79	DILCX
DILAX	1.0		1.0	0.84	0.8	0.88	0.92	0.78	0.79	DILAX
DILYX	1.0	1.0		0.84	0.8	0.88	0.92	0.78	0.79	DILYX
RPFGX	0.84	0.84	0.84		0.56	0.91	0.9	0.57	0.55	RPFGX
RPFRX	0.79	0.8	0.8	0.56		0.77	0.81	0.93	1.0	RPFRX
RPEAX	0.88	0.88	0.88	0.91	0.77		0.97	0.78	0.76	RPEAX
DNVYX	0.92	0.92	0.92	0.9	0.81	0.97		0.83	0.81	DNVYX
RFBAX	0.77	0.78	0.78	0.57	0.93	0.78	0.83		0.93	RFBAX
DREYX	0.79	0.79	0.79	0.55	1.0	0.76	0.81	0.93		DREYX
	DILCX	DILAX	DILYX	RPFGX	RPFRX	RPEAX	DNVYX	RFBAX	DREYX

Risk-Adjusted Indicators

There is a big difference between Davis Mutual Fund performing well and Davis Appreciation 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 Davis Appreciation'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
DILCX	0.67	0.01	0.00	0.09	0.81	(0.73)	1.45	(1.67)	3.87
DILAX	0.66	0.02	0.00	0.09	0.83	(0.66)	1.45	(1.66)	3.91
DILYX	0.67	0.02	0.00	0.09	0.80	(0.71)	1.47	(1.68)	3.90
RPFGX	0.74	0.07	0.07	0.15	0.84	(0.78)	1.71	(1.71)	4.39
RPFRX	0.75	0.08	0.05	0.24	0.69	(0.81)	1.63	(1.26)	6.50
RPEAX	0.80	0.34	0.35	0.61	0.21	(0.94)	1.50	(0.97)	15.97
DNVYX	0.65	0.17	0.20	0.27	0.40	(0.75)	1.63	(1.29)	4.06
RFBAX	0.05	0.00	0.00	(0.19)	0.00	0.00	0.19	(0.19)	0.58
DREYX	0.75	0.08	0.05	0.26	0.69	(0.80)	1.63	(1.26)	6.37

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Davis Appreciation Correlations

Davis Appreciation Correlation With Market

Almost no diversification

Moving together with Davis Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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