Davis Appreciation Correlations

DCSYX Fund

USD 68.35 0.60 0.89%

The current 90-days correlation between Davis Appreciation Income and Davis International Fund is 0.07 (i.e., Significant 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

Average diversification

The correlation between Davis Appreciation Income and DJI is 0.17 (i.e., Average 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 unemployment.

Moving together with Davis Mutual Fund

0.75	RPFGX	Davis Financial	Pair Corr
1.0	RPFCX	Davis Appreciation Income	Pair Corr
0.69	RFBAX	Davis Government Bond	Pair Corr
1.0	DCSCX	Davis Appreciation Income	Pair Corr
0.75	DVFYX	Davis Financial	Pair Corr
0.73	DFFCX	Davis Financial	Pair Corr
0.62	DGFAX	Davis Global	Pair Corr
0.64	DGVCX	Davis Government Bond	Pair Corr
0.72	DGVYX	Davis Government Bond	Pair Corr
0.85	GAAKX	Gmo Alternative Allo	Pair Corr
0.85	GAAGX	Gmo Alternative Allo	Pair Corr

Moving against Davis Mutual Fund

0.5	DREYX	Davis Real Estate	Pair Corr
0.45	RPFRX	Davis Real Estate	Pair Corr
0.38	DRECX	Davis Real Estate	Pair Corr

Related Correlations Analysis

	DILCX	DILAX	DILYX	RPFGX	RPFCX	RPFRX	RPEAX	DNVYX	RFBAX	DREYX
DILCX		1.0	1.0	0.5	0.12	-0.04	0.67	0.69	0.11	-0.11	DILCX
DILAX	1.0		1.0	0.51	0.14	-0.06	0.68	0.71	0.13	-0.12	DILAX
DILYX	1.0	1.0		0.51	0.15	-0.06	0.68	0.71	0.13	-0.13	DILYX
RPFGX	0.5	0.51	0.51		0.75	-0.66	0.81	0.8	0.66	-0.7	RPFGX
RPFCX	0.12	0.14	0.15	0.75		-0.45	0.47	0.54	0.69	-0.5	RPFCX
RPFRX	-0.04	-0.06	-0.06	-0.66	-0.45		-0.34	-0.36	-0.59	0.94	RPFRX
RPEAX	0.67	0.68	0.68	0.81	0.47	-0.34		0.96	0.42	-0.36	RPEAX
DNVYX	0.69	0.71	0.71	0.8	0.54	-0.36	0.96		0.5	-0.38	DNVYX
RFBAX	0.11	0.13	0.13	0.66	0.69	-0.59	0.42	0.5		-0.6	RFBAX
DREYX	-0.11	-0.12	-0.13	-0.7	-0.5	0.94	-0.36	-0.38	-0.6		DREYX
	DILCX	DILAX	DILYX	RPFGX	RPFCX	RPFRX	RPEAX	DNVYX	RFBAX	DREYX

Please upgrade your account to get full access to Macroaxis premium features

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

DILAX	+ 1.0	DILCX
DILYX	+ 1.0	DILCX
DILYX	+ 1.0	DILAX
DNVYX	+ 0.96	RPEAX
DREYX	+ 0.94	RPFRX
RPEAX	+ 0.81	RPFGX

High negative correlations

DREYX	- 0.7	RPFGX
RPFRX	- 0.66	RPFGX
DREYX	- 0.6	RFBAX
RFBAX	- 0.59	RPFRX
DREYX	- 0.5	RPFCX
RPFRX	- 0.45	RPFCX

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	0.72	(0.01)	(0.02)	0.06	1.05	(0.74)	1.34	(1.67)	4.28
DILAX	0.72	(0.01)	(0.01)	0.06	1.07	(0.73)	1.35	(1.66)	4.31
DILYX	0.73	(0.01)	(0.01)	0.06	1.05	(0.75)	1.38	(1.68)	4.24
RPFGX	0.66	0.15	0.10	0.66	0.72	(0.74)	1.47	(1.23)	3.98
RPFCX	0.55	0.00	(0.04)	0.10	1.16	(0.49)	1.02	(0.82)	6.70
RPFRX	0.69	(0.19)	0.00	(0.61)	0.00	0.00	0.98	(1.56)	6.56
RPEAX	0.88	0.26	0.23	0.44	0.55	(1.01)	1.50	(1.35)	14.71
DNVYX	0.69	0.12	0.11	0.20	0.68	(0.74)	1.63	(1.07)	3.21
RFBAX	0.06	(0.01)	(0.39)	0.77	0.06	(0.19)	0.19	(0.19)	0.39
DREYX	0.69	(0.22)	0.00	(0.29)	0.00	0.00	0.96	(1.56)	6.57

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC