Df Dent Correlations

DFDMX Fund

USD 35.42 0.02 0.06%

The current 90-days correlation between Df Dent Midcap and Real Return Asset is 0.15 (i.e., Average diversification). The correlation of Df Dent 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.

Df Dent Correlation With Market

Good diversification

The correlation between Df Dent Midcap and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Df Dent Midcap 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 Df Dent Midcap. 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 state.

Moving together with DFDMX Mutual Fund

0.89	DFDSX	Df Dent Small	Pair Corr
0.95	DFDPX	Df Dent Premier	Pair Corr
1.0	DFMLX	Df Dent Midcap	Pair Corr
1.0	DFMGX	Df Dent Midcap	Pair Corr
0.88	DFSGX	Df Dent Small	Pair Corr
0.97	PCBIX	Midcap Fund Institutional	Pair Corr
0.78	CISGX	Touchstone Sands Capital	Pair Corr

Moving against DFDMX Mutual Fund

0.62	LSHAX	Horizon Spin Off Steady Growth	Pair Corr
0.61	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.66	OEPSX	Oil Equipment Services	Pair Corr
0.64	LSHEX	Kinetics Spin Off Steady Growth	Pair Corr
0.64	MWESX	Metwest Esg Securitized	Pair Corr
0.62	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.62	FOSIX	Short Intermediate Bond	Pair Corr
0.61	PRNYX	New York Tax	Pair Corr
0.57	SMRSX	Alpssmith Short Duration	Pair Corr
0.43	SGPGX	Sgi Prudent Growth	Pair Corr
0.41	VEIRX	Vanguard Equity Income	Pair Corr
0.37	BWLRX	American Beacon Bridgeway	Pair Corr
0.33	RWIAX	Capital World Growth	Pair Corr
0.67	VBISX	Vanguard Short Term	Pair Corr
0.66	GRSPX	Greenspring Fund Retail	Pair Corr
0.5	IEMHX	Voya Multi Manager	Pair Corr
0.47	WUSNX	Allspring Ultra Short	Pair Corr

Related Correlations Analysis

	MSGAX	CIHDX	EVUAX	MNVAX	MINVX	TRACX	QGRPX	MNOSX	PRAIX
MSGAX		0.09	-0.14	0.27	0.75	0.15	-0.08	0.78	-0.19	MSGAX
CIHDX	0.09		0.75	0.69	0.35	0.94	-0.7	0.43	0.58	CIHDX
EVUAX	-0.14	0.75		0.49	0.02	0.63	-0.53	0.16	0.69	EVUAX
MNVAX	0.27	0.69	0.49		0.5	0.69	-0.31	0.48	0.31	MNVAX
MINVX	0.75	0.35	0.02	0.5		0.5	-0.39	0.89	0.11	MINVX
TRACX	0.15	0.94	0.63	0.69	0.5		-0.77	0.49	0.47	TRACX
QGRPX	-0.08	-0.7	-0.53	-0.31	-0.39	-0.77		-0.35	-0.46	QGRPX
MNOSX	0.78	0.43	0.16	0.48	0.89	0.49	-0.35		0.29	MNOSX
PRAIX	-0.19	0.58	0.69	0.31	0.11	0.47	-0.46	0.29		PRAIX
	MSGAX	CIHDX	EVUAX	MNVAX	MINVX	TRACX	QGRPX	MNOSX	PRAIX

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

TRACX	+ 0.94	CIHDX
MNOSX	+ 0.89	MINVX
MNOSX	+ 0.78	MSGAX
MINVX	+ 0.75	MSGAX
EVUAX	+ 0.75	CIHDX
MNVAX	+ 0.69	CIHDX

High negative correlations

QGRPX	- 0.77	TRACX
QGRPX	- 0.7	CIHDX
QGRPX	- 0.53	EVUAX
PRAIX	- 0.46	QGRPX
QGRPX	- 0.39	MINVX
MNOSX	- 0.35	QGRPX

Risk-Adjusted Indicators

There is a big difference between DFDMX Mutual Fund performing well and Df Dent 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 Df Dent'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
MSGAX	0.95	0.19	0.10	5.01	0.87	(1.09)	1.98	(1.67)	11.48
CIHDX	0.46	0.24	0.30	1.10	0.00	(0.57)	1.34	(0.70)	3.58
EVUAX	0.72	0.17	0.10	(1.09)	0.63	(0.84)	1.22	(1.24)	7.48
MNVAX	0.59	0.09	0.00	(0.50)	0.65	(0.60)	1.43	(1.26)	3.38
MINVX	0.58	0.05	0.05	0.15	0.57	(0.62)	1.62	(1.25)	3.96
TRACX	0.74	0.08	0.07	0.18	0.69	(0.82)	1.72	(1.43)	4.70
QGRPX	0.70	(0.04)	0.00	0.41	0.00	0.00	1.25	(1.80)	4.66
MNOSX	0.58	0.03	0.00	0.12	0.65	(0.60)	1.14	(1.30)	2.89
PRAIX	0.39	0.02	(0.10)	0.23	0.43	(0.42)	0.78	(0.69)	2.16

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