Destinations Multi Correlations

DMSZX Fund

USD 10.01 0.01 0.1%

The current 90-days correlation between Destinations Multi and Lord Abbett Convertible is 0.16 (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

Very poor diversification

The correlation between Destinations Multi Strategy and DJI is 0.88 (i.e., Very poor 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 signals in nation.

Moving together with Destinations Mutual Fund

0.93	DIEZX	Destinations International	Pair Corr
0.93	DIEFX	Destinations International	Pair Corr
0.95	DLCFX	Destinations Large Cap	Pair Corr
0.96	DLDFX	Destinations Low Duration	Pair Corr
0.94	DLCZX	Destinations Large Cap	Pair Corr
0.96	DLDZX	Destinations Low Duration	Pair Corr
0.86	DMFFX	Destinations Municipal	Pair Corr
0.82	DMFZX	Destinations Municipal	Pair Corr
1.0	DMSFX	Destinations Multi	Pair Corr
0.89	DRAFX	Destinations Real Assets	Pair Corr
0.72	DSHZX	Brinker Capital Dest	Pair Corr
0.7	DSHFX	Brinker Capital Dest	Pair Corr
0.95	DSMFX	Destinations Small Mid	Pair Corr
0.95	DSMZX	Destinations Small Mid	Pair Corr
0.96	DGEZX	Destinations Equity	Pair Corr
0.96	DGEFX	Destinations Equity	Pair Corr
0.92	DGFZX	Destinations Global Fixed	Pair Corr
0.92	DGFFX	Destinations Global Fixed	Pair Corr
0.87	BIMBX	Blackrock Alternative	Pair Corr
0.87	BAMBX	Blackrock Alternative	Pair Corr
0.85	BMBCX	Blackrock Alternative	Pair Corr
0.87	BKMBX	Blackrock Systematic	Pair Corr
0.89	BXMYX	Blackstone Alternative	Pair Corr
0.9	GARTX	Goldman Sachs Absolute	Pair Corr
0.92	GCRTX	Goldman Sachs Absolute	Pair Corr
0.89	BXMIX	Blackstone Alternative	Pair Corr
0.93	BXMDX	Blackstone Alternative	Pair Corr

Moving against Destinations Mutual Fund

0.91	UIPIX	Ultrashort Mid Cap	Pair Corr
0.86	TCTGX	Transamerica Cleartrack	Pair Corr
0.86	TCTJX	Transamerica Cleartrack	Pair Corr
0.86	TCSUX	Cleartrack 2020 Class	Pair Corr
0.86	CESGX	Coho Relative Value	Pair Corr
0.85	TDKTX	Cleartrack 2015 Class	Pair Corr

Related Correlations Analysis

	XNCVX	FSAWX	XAVKX	PBXIX	GCV	LCFYX
XNCVX		0.77	0.89	0.79	0.86	0.85	XNCVX
FSAWX	0.77		0.69	0.8	0.9	0.94	FSAWX
XAVKX	0.89	0.69		0.73	0.82	0.76	XAVKX
PBXIX	0.79	0.8	0.73		0.83	0.88	PBXIX
GCV	0.86	0.9	0.82	0.83		0.95	GCV
LCFYX	0.85	0.94	0.76	0.88	0.95		LCFYX
	XNCVX	FSAWX	XAVKX	PBXIX	GCV	LCFYX

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
XNCVX	0.69	0.06	0.01	0.32	0.82	(0.82)	1.59	(1.56)	4.51
FSAWX	0.11	0.02	(0.19)	0.41	0.00	(0.14)	0.19	(0.09)	1.03
XAVKX	0.59	0.01	(0.06)	0.12	0.73	(0.72)	1.13	(1.55)	3.76
PBXIX	0.31	(0.01)	(0.12)	0.03	0.38	(0.33)	0.64	(0.72)	1.79
GCV	0.77	0.08	0.04	0.26	0.86	(0.84)	2.13	(1.44)	4.09
LCFYX	0.76	0.09	0.07	0.20	0.83	(0.84)	1.95	(1.78)	3.81

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