Df Dent Correlations

DFMLX Fund

USD 39.38 0.51 1.31%

The current 90-days correlation between Df Dent Midcap and Tiaa Cref Inflation Link is 0.08 (i.e., Significant 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

Significant diversification

The correlation between Df Dent Midcap and DJI is 0.08 (i.e., Significant 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 bureau of economic analysis.

Moving together with DFMLX Mutual Fund

0.88	DFDSX	Df Dent Small	Pair Corr
0.93	DFDMX	Df Dent Midcap	Pair Corr
0.93	DFMGX	Df Dent Midcap	Pair Corr
0.94	DFSGX	Df Dent Small	Pair Corr
0.73	PRJIX	T Rowe Price	Pair Corr
0.89	PRNHX	T Rowe Price	Pair Corr
0.74	TRUZX	T Rowe Price	Pair Corr
0.85	PCBIX	Midcap Fund Institutional	Pair Corr
0.78	PEMGX	Midcap Fund Class	Pair Corr
0.75	PMBCX	Midcap Fund Class	Pair Corr
0.79	VTSAX	Vanguard Total Stock	Pair Corr
0.75	VFIAX	Vanguard 500 Index	Pair Corr
0.79	VTSMX	Vanguard Total Stock	Pair Corr
0.79	VSMPX	Vanguard Total Stock	Pair Corr
0.79	VSTSX	Vanguard Total Stock	Pair Corr
0.79	VITSX	Vanguard Total Stock	Pair Corr
0.75	VFINX	Vanguard 500 Index	Pair Corr
0.75	VFFSX	Vanguard 500 Index	Pair Corr
0.81	CWSBX	Carillon Chartwell Small	Pair Corr
0.73	SSIRX	Sierra Strategic Income	Pair Corr
0.9	OANBX	Oakmark Equity And	Pair Corr
0.73	NBMOX	Neuberger Berman Small	Pair Corr
0.74	VLCAX	Vanguard Large Cap	Pair Corr
0.62	TNBMX	T Rowe Price	Pair Corr
0.8	CRBYX	Columbia Acorn	Pair Corr

Related Correlations Analysis

	TIIHX	QMHIX	ABNAX	ATACX	ABYIX	QCILIX
TIIHX		-0.13	0.89	0.42	-0.2	0.89	TIIHX
QMHIX	-0.13		-0.21	0.14	0.95	-0.06	QMHIX
ABNAX	0.89	-0.21		0.38	-0.27	0.98	ABNAX
ATACX	0.42	0.14	0.38		0.05	0.43	ATACX
ABYIX	-0.2	0.95	-0.27	0.05		-0.14	ABYIX
QCILIX	0.89	-0.06	0.98	0.43	-0.14		QCILIX
	TIIHX	QMHIX	ABNAX	ATACX	ABYIX	QCILIX

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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

QCILIX	+ 0.98	ABNAX
ABYIX	+ 0.95	QMHIX
ABNAX	+ 0.89	TIIHX
QCILIX	+ 0.89	TIIHX
QCILIX	+ 0.43	ATACX
ATACX	+ 0.42	TIIHX

High negative correlations

ABYIX	- 0.27	ABNAX
ABNAX	- 0.21	QMHIX
ABYIX	- 0.2	TIIHX
QCILIX	- 0.14	ABYIX
QMHIX	- 0.13	TIIHX
QCILIX	- 0.06	QMHIX

Risk-Adjusted Indicators

There is a big difference between DFMLX 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
TIIHX	0.14	(0.01)	(0.48)	(0.10)	0.14	(0.18)	0.29	(0.29)	0.86
QMHIX	0.67	0.10	0.00	(0.66)	0.96	(0.67)	1.36	(1.53)	3.96
ABNAX	0.14	(0.01)	(0.44)	(3.03)	0.16	(0.17)	0.29	(0.29)	0.77
ATACX	0.91	0.06	0.01	0.22	0.98	(1.02)	2.15	(1.68)	10.18
ABYIX	0.33	0.04	(0.12)	(0.30)	0.41	(0.34)	0.64	(0.83)	2.11
QCILIX	0.13	0.00	(0.53)	0.00	0.15	(0.15)	0.32	(0.32)	0.91

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