Destinations Multi Correlations

DMSFX Fund

USD 10.32 0.12 1.15%

The current 90-days correlation between Destinations Multi and Siit Small Cap is 0.12 (i.e., Average diversification). The correlation of Destinations Multi 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 Multi Correlation With Market

Significant diversification

The correlation between Destinations Multi Strategy and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Destinations Multi Strategy 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 Multi Strategy. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Destinations Mutual Fund

0.64	BMBCX	Blackrock Alternative	Pair Corr
0.73	BXMYX	Blackstone Alternative	Pair Corr
0.83	GARTX	Goldman Sachs Absolute	Pair Corr
0.83	GCRTX	Goldman Sachs Absolute	Pair Corr
0.73	BXMIX	Blackstone Alternative	Pair Corr
0.81	BXMDX	Blackstone Alternative	Pair Corr
0.84	RSNRX	Victory Global Natural	Pair Corr
0.84	RSNYX	Victory Global Natural	Pair Corr
0.83	RGNCX	Victory Global Natural	Pair Corr
0.67	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.66	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.67	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.67	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr
0.67	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.61	AXP	American Express	Pair Corr
0.61	TRV	The Travelers Companies	Pair Corr
0.64	JPM	JPMorgan Chase	Pair Corr
0.82	AA	Alcoa Corp	Pair Corr

Moving against Destinations Mutual Fund

0.63	MSFT	Microsoft	Pair Corr
0.52	PG	Procter Gamble	Pair Corr
0.47	HPQ	HP Inc	Pair Corr
0.46	HD	Home Depot	Pair Corr
0.36	T	ATT Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	SECAX	QUAIX	QUAZX	ANTMX	PRNHX
SECAX		0.7	0.7	0.79	0.48	SECAX
QUAIX	0.7		1.0	0.83	0.82	QUAIX
QUAZX	0.7	1.0		0.83	0.82	QUAZX
ANTMX	0.79	0.83	0.83		0.62	ANTMX
PRNHX	0.48	0.82	0.82	0.62		PRNHX
	SECAX	QUAIX	QUAZX	ANTMX	PRNHX

Risk-Adjusted Indicators

There is a big difference between Destinations Mutual Fund performing well and Destinations Multi 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 Multi'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
SECAX	1.05	0.12	0.11	0.14	1.02	(1.21)	2.40	(1.72)	10.96
QUAIX	1.21	(0.04)	(0.01)	0.02	1.65	(1.18)	2.07	(2.66)	7.26
QUAZX	1.21	(0.04)	(0.01)	0.02	1.65	(1.18)	2.07	(2.66)	7.27
ANTMX	0.70	(0.01)	(0.02)	0.04	0.93	(0.70)	1.29	(1.60)	3.31
PRNHX	1.22	(0.01)	0.00	0.04	2.00	(1.31)	1.80	(2.08)	21.91

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