Davis International Correlations

DILCX Fund

USD 11.83 0.15 1.28%

The current 90-days correlation between Davis International and Artisan High Income is -0.06 (i.e., Good diversification). The correlation of Davis International 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.

Davis International Correlation With Market

Average diversification

The correlation between Davis International Fund and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Davis International Fund 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 Davis International Fund. 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 main economic indicators.

Moving together with Davis Mutual Fund

0.92	DILAX	Davis International	Pair Corr
1.0	DILYX	Davis International	Pair Corr
0.83	RPFRX	Davis Real Estate	Pair Corr
0.73	RPEAX	Davis Opportunity	Pair Corr
0.69	DNVYX	Davis New York	Pair Corr
0.83	DREYX	Davis Real Estate	Pair Corr
0.8	DRECX	Davis Real Estate	Pair Corr
0.74	NYVCX	Davis New York	Pair Corr
0.72	NYVBX	Davis New York	Pair Corr
0.73	NYVRX	Davis New York	Pair Corr
0.73	NYVTX	Davis New York	Pair Corr
0.81	DGFCX	Davis Global	Pair Corr
0.86	DGFAX	Davis Global	Pair Corr
0.81	DGFYX	Davis Global	Pair Corr
0.72	DGOCX	Davis Opportunity	Pair Corr
0.72	DGOYX	Davis Opportunity	Pair Corr
0.9	VGTSX	Vanguard Total Inter	Pair Corr
0.84	VTIAX	Vanguard Total Inter	Pair Corr
0.84	VTSNX	Vanguard Total Inter	Pair Corr
0.9	VTPSX	Vanguard Total Inter	Pair Corr
0.84	VTISX	Vanguard Total Inter	Pair Corr
0.84	VTMGX	Vanguard Developed	Pair Corr
0.86	VDVIX	Vanguard Developed	Pair Corr
0.86	VTMNX	Vanguard Developed	Pair Corr
0.86	VDIPX	Vanguard Developed	Pair Corr
0.79	FSPSX	Fidelity International	Pair Corr
0.66	FFBTX	Fidelity Freedom Blend	Pair Corr
0.84	GABFX	Gmo Asset Allocation	Pair Corr

Moving against Davis Mutual Fund

0.51	RFBAX	Davis Government Bond	Pair Corr
0.81	EMPIX	Ambassador Fund	Pair Corr
0.74	PFRIX	Prudential Floating Rate	Pair Corr
0.74	ARMLX	Western Asset Adjustable	Pair Corr
0.58	MSSMX	Small Pany Growth	Pair Corr
0.5	DGVCX	Davis Government Bond	Pair Corr
0.5	DGVYX	Davis Government Bond	Pair Corr

Related Correlations Analysis

	ARTFX	MBSAX	AAEZX	MDMTX	DHGCX	MSTBX	DLTNX
ARTFX		0.83	0.7	0.7	0.62	0.67	0.31	ARTFX
MBSAX	0.83		0.91	0.83	0.82	0.78	0.59	MBSAX
AAEZX	0.7	0.91		0.84	0.8	0.76	0.72	AAEZX
MDMTX	0.7	0.83	0.84		0.88	0.67	0.8	MDMTX
DHGCX	0.62	0.82	0.8	0.88		0.77	0.87	DHGCX
MSTBX	0.67	0.78	0.76	0.67	0.77		0.59	MSTBX
DLTNX	0.31	0.59	0.72	0.8	0.87	0.59		DLTNX
	ARTFX	MBSAX	AAEZX	MDMTX	DHGCX	MSTBX	DLTNX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Davis Mutual Fund performing well and Davis International 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 Davis International'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
ARTFX	0.10	0.00	(0.01)	(0.35)	0.10	(0.16)	0.22	(0.22)	1.09
MBSAX	0.22	(0.01)	(0.01)	(0.17)	0.30	(0.23)	0.52	(0.51)	1.55
AAEZX	0.26	(0.01)	(0.01)	(0.10)	0.34	(0.30)	0.61	(0.60)	2.01
MDMTX	0.21	(0.02)	0.00	(0.27)	0.00	0.00	0.48	(0.57)	1.72
DHGCX	0.16	(0.02)	0.00	(0.30)	0.00	0.00	0.36	(0.36)	0.99
MSTBX	0.10	(0.01)	(0.02)	(0.77)	0.10	(0.15)	0.21	(0.21)	0.62
DLTNX	0.22	(0.03)	0.00	(0.33)	0.00	0.00	0.46	(0.57)	1.50

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC