Destinations Global Correlations

DGFFX Fund

USD 9.38 0.01 0.11%

The current 90-days correlation between Destinations Global Fixed and Destinations International Equity is 0.27 (i.e., Modest diversification). The correlation of Destinations Global 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 Global Correlation With Market

Average diversification

The correlation between Destinations Global Fixed and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Destinations Global Fixed 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 Global Fixed. 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

0.73	DLCFX	Destinations Large Cap	Pair Corr
0.73	DLCZX	Destinations Large Cap	Pair Corr
0.73	DMSFX	Destinations Multi	Pair Corr
0.73	DMSZX	Destinations Multi	Pair Corr
0.75	DSHZX	Brinker Capital Dest	Pair Corr
0.75	DSHFX	Brinker Capital Dest	Pair Corr
0.66	DSMFX	Destinations Small Mid	Pair Corr
0.66	DSMZX	Destinations Small Mid	Pair Corr
0.7	DGEZX	Destinations Equity	Pair Corr
0.7	DGEFX	Destinations Equity	Pair Corr
0.99	DGFZX	Destinations Global Fixed	Pair Corr
0.77	SPGSX	State Street Premier	Pair Corr
0.67	FIKHX	Fidelity Advisor Tec	Pair Corr
0.74	FBALX	Fidelity Balanced	Pair Corr
0.81	PFN	Pimco Income Strategy	Pair Corr

Moving against Destinations Mutual Fund

0.45	DCFFX	Destinations Core Fixed	Pair Corr
0.43	DCFZX	Destinations Core Fixed	Pair Corr
0.4	FGBRX	Templeton Global Bond	Pair Corr
0.4	FBNRX	Templeton Global Bond	Pair Corr
0.72	KF	Korea Closed	Pair Corr
0.44	RCWBX	Capital World Bond	Pair Corr
0.44	CCWFX	Capital World Bond	Pair Corr
0.44	CCWCX	Capital World Bond	Pair Corr
0.44	CCWEX	Capital World Bond	Pair Corr
0.44	RCWCX	Capital World Bond	Pair Corr
0.43	FCWBX	Capital World Bond	Pair Corr
0.43	RCWEX	Capital World Bond	Pair Corr
0.43	RCWGX	Capital World Bond	Pair Corr

Related Correlations Analysis

	DIEZX	DIEFX	DLCFX	DLDFX	DLCZX	DLDZX	DMFFX	DMFZX	DMSFX	DMSZX
DIEZX		1.0	-0.46	0.55	-0.46	0.54	0.5	0.43	-0.47	-0.49	DIEZX
DIEFX	1.0		-0.46	0.55	-0.46	0.54	0.5	0.43	-0.47	-0.49	DIEFX
DLCFX	-0.46	-0.46		-0.11	1.0	-0.08	-0.33	-0.32	0.95	0.95	DLCFX
DLDFX	0.55	0.55	-0.11		-0.11	0.97	0.46	0.44	0.03	0.01	DLDFX
DLCZX	-0.46	-0.46	1.0	-0.11		-0.08	-0.33	-0.32	0.95	0.95	DLCZX
DLDZX	0.54	0.54	-0.08	0.97	-0.08		0.47	0.44	0.05	0.03	DLDZX
DMFFX	0.5	0.5	-0.33	0.46	-0.33	0.47		0.98	-0.31	-0.32	DMFFX
DMFZX	0.43	0.43	-0.32	0.44	-0.32	0.44	0.98		-0.29	-0.31	DMFZX
DMSFX	-0.47	-0.47	0.95	0.03	0.95	0.05	-0.31	-0.29		1.0	DMSFX
DMSZX	-0.49	-0.49	0.95	0.01	0.95	0.03	-0.32	-0.31	1.0		DMSZX
	DIEZX	DIEFX	DLCFX	DLDFX	DLCZX	DLDZX	DMFFX	DMFZX	DMSFX	DMSZX

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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

DIEFX	+ 1.0	DIEZX
DLCZX	+ 1.0	DLCFX
DMSZX	+ 1.0	DMSFX
DMFZX	+ 0.98	DMFFX
DLDZX	+ 0.97	DLDFX
DMSFX	+ 0.95	DLCFX

High negative correlations

DMSZX	- 0.49	DIEFX
DMSZX	- 0.49	DIEZX
DMSFX	- 0.47	DIEFX
DMSFX	- 0.47	DIEZX
DLCZX	- 0.46	DIEFX
DLCFX	- 0.46	DIEFX

Risk-Adjusted Indicators

There is a big difference between Destinations Mutual Fund performing well and Destinations Global 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 Global'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
DIEZX	0.61	(0.12)	0.00	(0.14)	0.00	0.00	1.03	(1.40)	3.87
DIEFX	0.61	(0.12)	0.00	(0.14)	0.00	0.00	1.03	(1.42)	3.83
DLCFX	0.54	0.02	0.00	0.15	0.60	(0.62)	1.04	(1.45)	4.29
DLDFX	0.06	(0.01)	(0.57)	0.52	0.09	(0.12)	0.11	(0.11)	0.86
DLCZX	0.55	0.02	0.00	0.14	0.65	(0.62)	1.06	(1.53)	4.36
DLDZX	0.07	(0.01)	(0.54)	(1.57)	0.11	(0.11)	0.10	(0.10)	0.83
DMFFX	0.11	0.01	(0.40)	0.05	0.17	(0.16)	0.21	(0.31)	1.14
DMFZX	0.10	0.01	(0.37)	0.01	0.14	(0.16)	0.21	(0.21)	0.93
DMSFX	0.12	0.01	(0.71)	0.19	0.00	(0.16)	0.28	(0.19)	0.76
DMSZX	0.12	0.01	(0.58)	0.19	0.00	(0.15)	0.29	(0.20)	0.68

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