Dnp Select Correlations

DNP Fund

USD 10.04 0.01 0.1%

The current 90-days correlation between Dnp Select Income and Fidelity Advisor Small is 0.45 (i.e., Very weak diversification). The correlation of Dnp 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.

Dnp Select Correlation With Market

Significant diversification

The correlation between Dnp Select Income and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dnp Select Income 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 Dnp Select Income. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving against Dnp Fund

0.37

IIF

Morgan Stanley India

Pair Corr

Related Correlations Analysis

	NTRS	JSVAX	JMVIX	JDPAX	SCFYX	TRLVX	JMCVX	EMGYX	EMGAX	FSCIX
NTRS		0.87	0.96	0.96	0.29	0.25	0.96	0.86	0.67	0.94	NTRS
JSVAX	0.87		0.9	0.9	0.25	0.24	0.9	0.73	0.6	0.84	JSVAX
JMVIX	0.96	0.9		1.0	0.26	0.22	1.0	0.85	0.6	0.91	JMVIX
JDPAX	0.96	0.9	1.0		0.26	0.22	1.0	0.85	0.6	0.91	JDPAX
SCFYX	0.29	0.25	0.26	0.26		0.98	0.26	0.31	0.35	0.37	SCFYX
TRLVX	0.25	0.24	0.22	0.22	0.98		0.22	0.26	0.34	0.34	TRLVX
JMCVX	0.96	0.9	1.0	1.0	0.26	0.22		0.85	0.6	0.91	JMCVX
EMGYX	0.86	0.73	0.85	0.85	0.31	0.26	0.85		0.58	0.79	EMGYX
EMGAX	0.67	0.6	0.6	0.6	0.35	0.34	0.6	0.58		0.73	EMGAX
FSCIX	0.94	0.84	0.91	0.91	0.37	0.34	0.91	0.79	0.73		FSCIX
	NTRS	JSVAX	JMVIX	JDPAX	SCFYX	TRLVX	JMCVX	EMGYX	EMGAX	FSCIX

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Risk-Adjusted Indicators

There is a big difference between Dnp Fund performing well and Dnp Select 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 Dnp 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
NTRS	1.01	0.14	0.12	0.18	1.06	(1.11)	1.97	(2.36)	5.22
JSVAX	1.13	0.07	0.07	0.13	1.10	(1.32)	1.84	(2.05)	14.39
JMVIX	0.74	0.19	0.19	0.34	0.38	(0.85)	1.75	(1.18)	10.49
JDPAX	0.75	0.19	0.20	0.33	0.38	(0.84)	1.75	(1.25)	10.50
SCFYX	0.14	(0.02)	0.00	(0.17)	0.00	0.00	0.21	(0.31)	0.82
TRLVX	0.16	(0.02)	0.00	(0.20)	0.00	0.00	0.31	(0.31)	0.72
JMCVX	0.75	0.19	0.20	0.35	0.38	(0.84)	1.72	(1.13)	10.77
EMGYX	0.42	0.12	0.09	(4.27)	0.00	(0.70)	1.36	(0.82)	2.63
EMGAX	0.60	0.06	0.05	0.17	0.55	(0.71)	1.30	(1.41)	3.35
FSCIX	0.82	0.09	0.08	0.15	0.87	(0.86)	1.73	(1.46)	4.21

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Dnp Select Correlations

Dnp Select Correlation With Market

Significant diversification

Moving against Dnp Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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