Destinations Global Correlations

DGFFX Fund

USD 9.37 0.01 0.11%

The current 90-days correlation between Destinations Global Fixed and Firsthand Technology Opportunities is 0.08 (i.e., Significant 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

Significant diversification

The correlation between Destinations Global Fixed and DJI is 0.02 (i.e., Significant 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

0.87	DLDFX	Destinations Low Duration	Pair Corr
0.88	DLDZX	Destinations Low Duration	Pair Corr
0.7	DSHZX	Brinker Capital Dest	Pair Corr
0.71	DSHFX	Brinker Capital Dest	Pair Corr
0.96	DGFZX	Destinations Global Fixed	Pair Corr
0.67	LETRX	Voya Russia Fund	Pair Corr
0.67	SPE	Special Opportunities	Pair Corr

Moving against Destinations Mutual Fund

0.58	FGBRX	Templeton Global Bond	Pair Corr
0.58	FBNRX	Templeton Global Bond	Pair Corr
0.52	FCWBX	Capital World Bond	Pair Corr
0.51	DLCZX	Destinations Large Cap	Pair Corr
0.49	DLCFX	Destinations Large Cap	Pair Corr
0.34	DSMZX	Destinations Small Mid	Pair Corr
0.32	DIEZX	Destinations International	Pair Corr
0.32	DSMFX	Destinations Small Mid	Pair Corr
0.31	DIEFX	Destinations International	Pair Corr
0.68	SMPSX	Semiconductor Ultrasector	Pair Corr
0.56	CCWCX	Capital World Bond	Pair Corr
0.55	RCWBX	Capital World Bond	Pair Corr
0.55	RCWCX	Capital World Bond	Pair Corr
0.54	CCWEX	Capital World Bond	Pair Corr
0.53	CCWFX	Capital World Bond	Pair Corr
0.53	RCWEX	Capital World Bond	Pair Corr
0.52	RCWGX	Capital World Bond	Pair Corr

Related Correlations Analysis

	TEFQX	HTECX	PGKCX	CTHCX	RAGTX	DTEYX	USTCX	GISTX
TEFQX		0.77	0.77	0.7	0.83	0.79	0.91	0.92	TEFQX
HTECX	0.77		0.78	0.45	0.54	0.91	0.73	0.79	HTECX
PGKCX	0.77	0.78		0.62	0.7	0.82	0.79	0.83	PGKCX
CTHCX	0.7	0.45	0.62		0.82	0.53	0.8	0.74	CTHCX
RAGTX	0.83	0.54	0.7	0.82		0.63	0.95	0.88	RAGTX
DTEYX	0.79	0.91	0.82	0.53	0.63		0.77	0.85	DTEYX
USTCX	0.91	0.73	0.79	0.8	0.95	0.77		0.96	USTCX
GISTX	0.92	0.79	0.83	0.74	0.88	0.85	0.96		GISTX
	TEFQX	HTECX	PGKCX	CTHCX	RAGTX	DTEYX	USTCX	GISTX

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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
TEFQX	1.36	0.11	0.04	0.28	1.81	(1.42)	2.95	(3.10)	8.29
HTECX	1.06	0.04	(0.01)	0.18	1.58	(0.99)	1.73	(2.31)	9.04
PGKCX	1.25	(0.01)	(0.03)	0.07	2.00	(1.16)	2.27	(2.67)	9.62
CTHCX	1.09	0.06	(0.02)	1.72	1.54	(1.13)	2.02	(2.56)	8.24
RAGTX	1.17	0.10	0.03	0.38	1.61	(1.19)	2.51	(2.47)	7.83
DTEYX	1.05	0.03	(0.01)	0.17	1.32	(1.13)	1.98	(2.49)	6.39
USTCX	1.19	0.08	0.03	0.24	1.51	(1.20)	2.71	(2.89)	7.48
GISTX	1.12	0.09	0.02	0.34	1.62	(1.10)	2.26	(2.89)	7.34

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