Davis Select Correlations

DFNL Etf

USD 48.64 0.31 0.64%

The current 90-days correlation between Davis Select Financial and Davis Select International is 0.6 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Davis Select moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Davis Select Financial moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Davis Select Correlation With Market

Poor diversification

The correlation between Davis Select Financial and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Davis Select Financial and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Davis Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Davis Select Financial. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Davis Etf

0.88	XLF	Financial Select Sector	Pair Corr
0.9	VFH	Vanguard Financials Index	Pair Corr
0.9	KRE	SPDR SP Regional	Pair Corr
0.92	KBE	SPDR SP Bank	Pair Corr
0.95	IYF	iShares Financials ETF	Pair Corr
0.89	FNCL	Fidelity MSCI Financials	Pair Corr
0.94	IYG	iShares Financial	Pair Corr
0.94	FXO	First Trust Financials	Pair Corr
0.96	IAT	iShares Regional Banks	Pair Corr
0.96	IXG	iShares Global Financials	Pair Corr
0.91	LENS	Sarmaya Thematic ETF	Pair Corr
0.91	ASA	ASA Gold	Pair Corr
0.79	MAPP	Harbor ETF Trust	Pair Corr
0.82	WNTR	YieldMax MSTR Short	Pair Corr
0.71	ZBIO	Zenas BioPharma Common	Pair Corr
0.8	SNPD	DBX ETF Trust	Pair Corr
0.78	AXP	American Express	Pair Corr
0.83	JPM	JPMorgan Chase	Pair Corr
0.8	DD	Dupont De Nemours	Pair Corr
0.75	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.84	MRK	Merck Company	Pair Corr
0.66	CAT	Caterpillar	Pair Corr
0.72	CSCO	Cisco Systems	Pair Corr
0.7	MCD	McDonalds	Pair Corr
0.79	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.88	BAC	Bank of America	Pair Corr
0.79	JNJ	Johnson Johnson	Pair Corr
0.72	TRV	The Travelers Companies	Pair Corr

Moving against Davis Etf

0.72	SWIN	Alps Symbol Change	Pair Corr
0.47	DRGN	Themes China Generative	Pair Corr
0.69	MSFT	Microsoft	Pair Corr
0.62	HPQ	HP Inc	Pair Corr
0.59	HD	Home Depot	Pair Corr

Related Correlations Analysis

	DINT	DEHP	DFJ	RWX	BINV	EIDO	XMVM	PALC	TLTE	RSPF
DINT		0.77	0.65	0.59	0.71	0.28	0.57	0.81	0.8	0.67	DINT
DEHP	0.77		0.46	0.63	0.67	0.57	0.32	0.56	0.98	0.23	DEHP
DFJ	0.65	0.46		0.55	0.89	0.58	0.91	0.83	0.46	0.82	DFJ
RWX	0.59	0.63	0.55		0.69	0.36	0.31	0.57	0.67	0.34	RWX
BINV	0.71	0.67	0.89	0.69		0.67	0.8	0.82	0.67	0.68	BINV
EIDO	0.28	0.57	0.58	0.36	0.67		0.59	0.4	0.5	0.2	EIDO
XMVM	0.57	0.32	0.91	0.31	0.8	0.59		0.81	0.31	0.87	XMVM
PALC	0.81	0.56	0.83	0.57	0.82	0.4	0.81		0.6	0.86	PALC
TLTE	0.8	0.98	0.46	0.67	0.67	0.5	0.31	0.6		0.25	TLTE
RSPF	0.67	0.23	0.82	0.34	0.68	0.2	0.87	0.86	0.25		RSPF
	DINT	DEHP	DFJ	RWX	BINV	EIDO	XMVM	PALC	TLTE	RSPF

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Davis Select Constituents Risk-Adjusted Indicators

There is a big difference between Davis Etf performing well and Davis Select ETF 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 Select'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
DINT	0.77	0.03	0.03	0.09	1.06	(0.76)	1.46	(1.98)	4.26
DEHP	0.76	0.07	0.06	0.14	0.88	(0.80)	1.77	(1.54)	4.53
DFJ	0.70	0.02	(0.01)	0.09	0.85	(0.71)	1.38	(1.54)	3.80
RWX	0.49	0.00	(0.04)	0.06	0.57	(0.47)	0.94	(0.91)	2.58
BINV	0.51	0.04	0.04	0.12	0.54	(0.55)	1.19	(0.93)	2.72
EIDO	0.69	0.10	0.07	0.37	0.62	(0.80)	1.98	(1.10)	4.59
XMVM	0.70	0.02	0.02	0.08	0.86	(0.85)	1.83	(1.14)	4.96
PALC	0.57	(0.03)	(0.04)	0.03	0.75	(0.57)	1.23	(1.37)	3.00
TLTE	0.63	0.04	0.02	0.11	0.85	(0.62)	1.36	(1.12)	4.38
RSPF	0.67	(0.04)	(0.04)	0.01	1.02	(0.67)	1.34	(2.20)	4.37

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