Destinations Equity Correlations

DGEFX Fund

USD 13.81 0.10 0.73%

The current 90-days correlation between Destinations Equity and T Rowe Price is -0.07 (i.e., Good diversification). The correlation of Destinations Equity 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.

Destinations Equity Correlation With Market

Weak diversification

The correlation between Destinations Equity Income and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Destinations Equity 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 Destinations Equity 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 census.

Moving together with Destinations Mutual Fund

0.98	DIEZX	Destinations International	Pair Corr
0.97	DIEFX	Destinations International	Pair Corr
0.97	DLCFX	Destinations Large Cap	Pair Corr
0.98	DLCZX	Destinations Large Cap	Pair Corr
0.88	DMSFX	Destinations Multi	Pair Corr
0.87	DMSZX	Destinations Multi	Pair Corr
0.94	DSMFX	Destinations Small Mid	Pair Corr
0.96	DSMZX	Destinations Small Mid	Pair Corr
1.0	DGEZX	Destinations Equity	Pair Corr
0.95	DODWX	Dodge Global Stock	Pair Corr
0.87	PRAFX	T Rowe Price	Pair Corr
0.87	TRZRX	T Rowe Price	Pair Corr
0.72	GPMFX	Guidepath Managed Futures	Pair Corr
0.87	PQTAX	Pimco Trends Managed	Pair Corr
0.87	PQTNX	Pimco Trends Managed	Pair Corr
0.87	PQTIX	Aa Pimco Tr	Pair Corr

Moving against Destinations Mutual Fund

0.6

DOXWX

Dodge Cox Global

Pair Corr

Related Correlations Analysis

	PRINX	SSAGX	PBCAX	BBINX	FCMAX	OWMBX	BIDPX
PRINX		0.57	0.88	0.89	0.98	0.82	0.98	PRINX
SSAGX	0.57		0.85	0.86	0.65	0.82	0.67	SSAGX
PBCAX	0.88	0.85		0.97	0.91	0.89	0.91	PBCAX
BBINX	0.89	0.86	0.97		0.94	0.94	0.95	BBINX
FCMAX	0.98	0.65	0.91	0.94		0.89	0.99	FCMAX
OWMBX	0.82	0.82	0.89	0.94	0.89		0.89	OWMBX
BIDPX	0.98	0.67	0.91	0.95	0.99	0.89		BIDPX
	PRINX	SSAGX	PBCAX	BBINX	FCMAX	OWMBX	BIDPX

Risk-Adjusted Indicators

There is a big difference between Destinations Mutual Fund performing well and Destinations Equity 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 Destinations Equity'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PRINX	0.07	0.01	(0.30)	(1.28)	(0.13)	0.18	(0.09)	0.71
SSAGX	0.04	0.01	0.00	0.95	0.00	0.10	(0.10)	0.51
PBCAX	0.06	0.01	(0.43)	1.01	(0.14)	0.20	(0.10)	0.40
BBINX	0.05	0.01	(0.40)	0.93	(0.12)	0.10	(0.10)	0.48
FCMAX	0.07	0.01	(0.37)	(4.07)	(0.13)	0.24	(0.08)	0.57
OWMBX	0.05	0.01	(0.54)	(1.48)	(0.10)	0.09	(0.09)	0.26
BIDPX	0.06	0.00	(0.42)	0.00	(0.13)	0.18	(0.09)	0.45

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