Domini Impact Correlations

DOMOX Fund

USD 9.03 0.03 0.33%

The current 90-days correlation between Domini Impact Intern and Allianzgi Vertible Fund is 0.63 (i.e., Poor diversification). The correlation of Domini Impact 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.

Domini Impact Correlation With Market

Very weak diversification

The correlation between Domini Impact International and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Domini Impact International 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 Domini Impact International. 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 persons.

Moving together with Domini Mutual Fund

0.87	DOMYX	Domini Impact Intern	Pair Corr
0.88	DOMIX	Domini Impact Intern	Pair Corr
0.62	DSBYX	Domini Impact Bond	Pair Corr
0.62	DSBIX	Domini Impact Bond	Pair Corr
0.63	DSBFX	Domini Impact Bond	Pair Corr
0.83	RISEX	Domini International	Pair Corr
0.83	LEADX	Domini International	Pair Corr
0.91	VGTSX	Vanguard Total Inter	Pair Corr
0.91	VTIAX	Vanguard Total Inter	Pair Corr
0.91	VTSNX	Vanguard Total Inter	Pair Corr
0.91	VTPSX	Vanguard Total Inter	Pair Corr
0.91	VTISX	Vanguard Total Inter	Pair Corr
0.86	VTMGX	Vanguard Developed	Pair Corr
0.96	VDVIX	Vanguard Developed	Pair Corr
0.86	VTMNX	Vanguard Developed	Pair Corr
0.96	VDIPX	Vanguard Developed	Pair Corr
0.85	FSPSX	Fidelity International	Pair Corr

Moving against Domini Mutual Fund

0.59	KMKCX	Kinetics Market Oppo Steady Growth	Pair Corr
0.59	KMKAX	Kinetics Market Oppo Steady Growth	Pair Corr
0.58	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.58	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.58	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.58	KNPYX	Kinetics Paradigm Steady Growth	Pair Corr
0.57	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.56	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.37	RQECX	Resq Dynamic Allocation	Pair Corr
0.38	LTFOX	Lord Abbett Affiliated	Pair Corr
0.36	GRSPX	Greenspring Fund Retail	Pair Corr
0.34	SMERX	Invesco Small Cap	Pair Corr
0.32	USPRX	Sp 500 Index	Pair Corr

Related Correlations Analysis

	ANZCX	XNCVX	FISCX	HICSX	ARBOX	CNSIX	GCV
ANZCX		0.97	0.97	1.0	0.87	0.99	-0.02	ANZCX
XNCVX	0.97		0.98	0.96	0.85	0.96	-0.05	XNCVX
FISCX	0.97	0.98		0.97	0.93	0.98	-0.06	FISCX
HICSX	1.0	0.96	0.97		0.88	0.99	0.03	HICSX
ARBOX	0.87	0.85	0.93	0.88		0.9	-0.09	ARBOX
CNSIX	0.99	0.96	0.98	0.99	0.9		-0.05	CNSIX
GCV	-0.02	-0.05	-0.06	0.03	-0.09	-0.05		GCV
	ANZCX	XNCVX	FISCX	HICSX	ARBOX	CNSIX	GCV

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

HICSX	+ 1.0	ANZCX
CNSIX	+ 0.99	ANZCX
CNSIX	+ 0.99	HICSX
FISCX	+ 0.98	XNCVX
CNSIX	+ 0.98	FISCX
XNCVX	+ 0.97	ANZCX

High negative correlations

GCV	- 0.09	ARBOX
GCV	- 0.06	FISCX
GCV	- 0.05	CNSIX
GCV	- 0.05	XNCVX
GCV	- 0.02	ANZCX

Risk-Adjusted Indicators

There is a big difference between Domini Mutual Fund performing well and Domini Impact 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 Domini Impact'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
ANZCX	0.45	0.08	0.07	0.23	0.25	(0.52)	1.13	(0.86)	2.54
XNCVX	0.48	0.12	0.03	5.07	0.43	(0.62)	1.29	(0.80)	3.03
FISCX	0.36	0.14	0.11	1.61	0.00	(0.46)	1.14	(0.56)	1.92
HICSX	0.36	0.09	0.07	0.28	0.00	(0.43)	1.12	(0.63)	2.41
ARBOX	0.04	0.02	0.00	17.26	0.00	0.00	0.09	0.00	0.26
CNSIX	0.39	0.05	0.01	0.21	0.21	(0.47)	0.93	(0.73)	1.99
GCV	0.90	0.10	0.02	0.45	1.23	(0.94)	1.87	(1.80)	7.45

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