Davis Select Correlations

DINT Etf

USD 29.27 0.52 1.81%

The current 90-days correlation between Davis Select Interna and VictoryShares International Value is 0.79 (i.e., Poor diversification). The correlation of Davis Select 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 Select Correlation With Market

Almost no diversification

The correlation between Davis Select International and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Davis Select International 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 International. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Davis Etf

0.92	VEA	Vanguard FTSE Developed	Pair Corr
0.93	IEFA	iShares Core MSCI	Pair Corr
0.93	VEU	Vanguard FTSE All	Pair Corr
0.93	EFA	iShares MSCI EAFE Aggressive Push	Pair Corr
0.93	IXUS	iShares Core MSCI	Pair Corr
0.92	SPDW	SPDR SP World	Pair Corr
0.92	IDEV	iShares Core MSCI	Pair Corr
0.93	ESGD	iShares ESG Aware	Pair Corr
0.93	JIRE	JP Morgan Exchange	Pair Corr
0.91	DFAX	Dimensional World	Pair Corr
0.85	MUU	Direxion Daily MU	Pair Corr
0.85	MULL	GraniteShares 2x Long	Pair Corr
0.78	AGQ	ProShares Ultra Silver	Pair Corr
0.82	JNUG	Direxion Daily Junior	Pair Corr
0.79	GDXU	MicroSectors Gold Miners	Pair Corr
0.82	KORU	Direxion Daily South	Pair Corr
0.82	NUGT	Direxion Daily Gold	Pair Corr
0.77	SHNY	Microsectors Gold	Pair Corr
0.84	SIL	Global X Silver	Pair Corr
0.86	SIVR	abrdn Physical Silver	Pair Corr
0.7	RDIV	Invesco SP Ultra	Pair Corr
0.87	VBK	Vanguard Small Cap	Pair Corr
0.88	BINC	BlackRock ETF Trust	Pair Corr
0.85	AHYB	American Century ETF	Pair Corr
0.63	GE	GE Aerospace	Pair Corr
0.7	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.64	DIS	Walt Disney	Pair Corr
0.63	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.68	INTC	Intel Aggressive Push	Pair Corr
0.91	BA	Boeing	Pair Corr

Moving against Davis Etf

0.48	MSFT	Microsoft	Pair Corr
0.42	MMM	3M Company	Pair Corr

Related Correlations Analysis

	DFNL	UEVM	PPIE	CSB	BKGI	FIVA	KBA	FTXO	FXG	UIVM
DFNL		0.51	0.83	0.82	0.55	0.85	0.81	0.97	0.38	0.8	DFNL
UEVM	0.51		0.88	0.78	0.92	0.85	0.6	0.58	0.79	0.89	UEVM
PPIE	0.83	0.88		0.92	0.87	0.97	0.77	0.87	0.71	0.98	PPIE
CSB	0.82	0.78	0.92		0.85	0.95	0.6	0.9	0.82	0.95	CSB
BKGI	0.55	0.92	0.87	0.85		0.88	0.47	0.66	0.89	0.92	BKGI
FIVA	0.85	0.85	0.97	0.95	0.88		0.74	0.9	0.74	0.99	FIVA
KBA	0.81	0.6	0.77	0.6	0.47	0.74		0.74	0.21	0.69	KBA
FTXO	0.97	0.58	0.87	0.9	0.66	0.9	0.74		0.54	0.87	FTXO
FXG	0.38	0.79	0.71	0.82	0.89	0.74	0.21	0.54		0.8	FXG
UIVM	0.8	0.89	0.98	0.95	0.92	0.99	0.69	0.87	0.8		UIVM
	DFNL	UEVM	PPIE	CSB	BKGI	FIVA	KBA	FTXO	FXG	UIVM

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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
DFNL	0.65	0.11	0.11	0.20	0.59	(0.69)	1.57	(1.28)	3.73
UEVM	0.58	0.06	0.03	0.20	0.63	(0.63)	1.26	(1.11)	4.05
PPIE	0.63	0.06	0.05	0.15	0.74	(0.65)	1.36	(1.49)	3.40
CSB	0.68	0.12	0.14	0.23	0.50	(0.81)	1.94	(1.00)	4.05
BKGI	0.45	0.10	0.08	0.42	0.27	(0.54)	1.18	(0.76)	2.28
FIVA	0.65	0.19	0.20	0.32	0.48	(0.74)	1.43	(1.27)	3.40
KBA	0.71	0.00	(0.05)	0.09	0.82	(0.74)	1.42	(1.33)	3.05
FTXO	0.91	0.20	0.19	0.26	0.78	(1.06)	2.34	(1.54)	5.28
FXG	0.64	0.14	0.11	0.58	0.50	(0.73)	1.36	(1.01)	3.36
UIVM	0.57	0.16	0.18	0.33	0.37	(0.63)	1.40	(1.13)	2.99

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