Davis Financial Correlations

DFFCX Fund

USD 60.78 0.53 0.88%

The current 90-days correlation between Davis Financial and Rbc Emerging Markets is 0.06 (i.e., Significant diversification). The correlation of Davis Financial 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 Financial Correlation With Market

Average diversification

The correlation between Davis Financial Fund and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Davis Financial Fund 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 Financial Fund. 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 manufacturing.

Moving together with Davis Mutual Fund

1.0	RPFGX	Davis Financial	Pair Corr
0.74	RPFCX	Davis Appreciation Income	Pair Corr
0.97	RPEAX	Davis Opportunity	Pair Corr
0.98	DNVYX	Davis New York	Pair Corr
0.65	RFBAX	Davis Government Bond	Pair Corr
0.81	NYVCX	Davis New York	Pair Corr
0.77	NYVRX	Davis New York	Pair Corr
0.76	NYVTX	Davis New York	Pair Corr
0.74	DCSCX	Davis Appreciation Income	Pair Corr
0.73	DCSYX	Davis Appreciation Income	Pair Corr
0.98	DVFYX	Davis Financial	Pair Corr
0.8	DGFCX	Davis Global	Pair Corr
0.97	DGFAX	Davis Global	Pair Corr
0.97	DGFYX	Davis Global	Pair Corr
0.96	DGOCX	Davis Opportunity	Pair Corr
0.97	DGOYX	Davis Opportunity	Pair Corr
0.63	DGVCX	Davis Government Bond	Pair Corr
0.65	DGVYX	Davis Government Bond	Pair Corr
0.73	VFAIX	Vanguard Financials Index	Pair Corr
0.83	FRBCX	Regional Bank	Pair Corr
0.82	JRGRX	Regional Bank	Pair Corr
0.82	PRISX	T Rowe Price	Pair Corr
0.83	FIDSX	Financial Services	Pair Corr
0.67	RSNRX	Victory Global Natural	Pair Corr
0.67	RSNYX	Victory Global Natural	Pair Corr
0.66	RGNCX	Victory Global Natural	Pair Corr
0.61	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr

Moving against Davis Mutual Fund

0.7	DREYX	Davis Real Estate	Pair Corr
0.66	RPFRX	Davis Real Estate	Pair Corr
0.63	DRECX	Davis Real Estate	Pair Corr
0.61	FIDCX	Financial Industries	Pair Corr

Related Correlations Analysis

	REMVX	FBANJX	FUHKBX	OPTCX	WABMSX	MFTFX
REMVX		0.72	0.58	0.73	0.74	0.46	REMVX
FBANJX	0.72		0.84	0.84	0.81	0.59	FBANJX
FUHKBX	0.58	0.84		0.87	0.66	0.51	FUHKBX
OPTCX	0.73	0.84	0.87		0.77	0.51	OPTCX
WABMSX	0.74	0.81	0.66	0.77		0.69	WABMSX
MFTFX	0.46	0.59	0.51	0.51	0.69		MFTFX
	REMVX	FBANJX	FUHKBX	OPTCX	WABMSX	MFTFX

Risk-Adjusted Indicators

There is a big difference between Davis Mutual Fund performing well and Davis Financial 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 Financial'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
REMVX	0.67	0.11	0.09	0.23	0.71	(0.80)	1.47	(0.86)	4.38
FBANJX	0.48	(0.02)	(0.05)	0.04	0.67	(0.48)	0.96	(1.05)	2.76
FUHKBX	0.58	(0.03)	(0.06)	0.03	0.82	(0.62)	1.18	(0.97)	4.66
OPTCX	0.16	0.00	(0.25)	0.05	0.13	(0.22)	0.40	(0.40)	1.01
WABMSX	0.54	0.04	(0.03)	0.43	0.77	(0.54)	1.05	(1.39)	3.37
MFTFX	1.14	0.13	0.05	0.88	1.24	(1.32)	2.62	(2.24)	6.84

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