Dodge Cox Correlations
| DODEX Fund | USD 9.04 0.05 0.55% |
The current 90-days correlation between Dodge Cox Emerging and Us Government Securities is -0.02 (i.e., Good diversification). The correlation of Dodge Cox 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.
Dodge Cox Correlation With Market
Good diversification
The correlation between Dodge Cox Emerging and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dodge Cox Emerging and DJI in the same portfolio, assuming nothing else is changed.
Dodge |
Moving together with Dodge Mutual Fund
| 0.86 | DODFX | Dodge International Stock | PairCorr |
| 0.83 | DODWX | Dodge Global Stock | PairCorr |
| 0.86 | DOXFX | Dodge Cox International | PairCorr |
| 0.8 | DOXWX | Dodge Cox Global | PairCorr |
| 0.99 | VEMAX | Vanguard Emerging Markets | PairCorr |
| 0.99 | VEIEX | Vanguard Emerging Markets | PairCorr |
| 0.99 | VEMIX | Vanguard Emerging Markets | PairCorr |
| 0.9 | FWWNX | American Funds New | PairCorr |
| 0.92 | NEWFX | New World Fund | PairCorr |
| 0.94 | NWFFX | New World Fund | PairCorr |
| 0.92 | NEWCX | New World Fund | PairCorr |
| 0.92 | ODVYX | Oppenheimer Developing | PairCorr |
| 0.83 | PFN | Pimco Income Strategy | PairCorr |
| 0.61 | CIF | Mfs Intermediate High | PairCorr |
Related Correlations Analysis
| 0.83 | 1.0 | 0.44 | 1.0 | 1.0 | USGFX | ||
| 0.83 | 0.83 | 0.46 | 0.83 | 0.85 | SMAAX | ||
| 1.0 | 0.83 | 0.44 | 1.0 | 1.0 | CGTAX | ||
| 0.44 | 0.46 | 0.44 | 0.44 | 0.45 | FISAX | ||
| 1.0 | 0.83 | 1.0 | 0.44 | 1.0 | AMUSX | ||
| 1.0 | 0.85 | 1.0 | 0.45 | 1.0 | UIGSX | ||
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Risk-Adjusted Indicators
There is a big difference between Dodge Mutual Fund performing well and Dodge Cox 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 Dodge Cox'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| USGFX | 0.21 | (0.05) | 0.00 | (0.97) | 0.00 | 0.34 | 1.48 | |||
| SMAAX | 0.12 | 0.00 | 0.00 | 0.19 | 0.00 | 0.20 | 0.99 | |||
| CGTAX | 0.21 | (0.05) | 0.00 | (1.00) | 0.00 | 0.34 | 1.48 | |||
| FISAX | 0.07 | (0.01) | (0.71) | (0.32) | 0.03 | 0.13 | 0.80 | |||
| AMUSX | 0.21 | (0.05) | 0.00 | (1.00) | 0.00 | 0.34 | 1.48 | |||
| UIGSX | 0.17 | (0.04) | 0.00 | (0.73) | 0.00 | 0.34 | 1.03 |