Dodge Cox Correlations

DOXGX Fund

USD 280.78 0.88 0.31%

The current 90-days correlation between Dodge Cox Stock and HUMANA INC is 0.35 (i.e., Weak 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 Stock and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dodge Cox Stock 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 Dodge Cox Stock. 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 price.

Moving together with Dodge Mutual Fund

0.94	DODGX	Dodge Stock Fund	Pair Corr
0.85	DODBX	Dodge Balanced	Pair Corr
0.93	DOXBX	Dodge Cox Balanced	Pair Corr
0.94	VVIAX	Vanguard Value Index	Pair Corr
0.8	AFMFX	American Mutual	Pair Corr
0.87	FFMMX	American Funds American	Pair Corr
0.87	FFFMX	American Funds American	Pair Corr
0.8	AMRMX	American Mutual	Pair Corr
0.87	AMFFX	American Mutual	Pair Corr
0.86	AMFCX	American Mutual	Pair Corr
0.88	VIVAX	Vanguard Value Index	Pair Corr
0.92	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.92	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.9	KMKAX	Kinetics Market Oppo Steady Growth	Pair Corr
0.9	KNPYX	Kinetics Paradigm Steady Growth	Pair Corr
0.73	SMPSX	Semiconductor Ultrasector	Pair Corr
0.72	LETRX	Voya Russia Fund	Pair Corr
0.92	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.9	KMKCX	Kinetics Market Oppo Steady Growth	Pair Corr
0.92	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.9	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.94	ARDEX	Amg River Road	Pair Corr
0.82	MGDNX	Mainstay Moderate Growth	Pair Corr
0.86	PRDSX	T Rowe Price	Pair Corr
0.77	BITW	Bitwise 10 Crypto	Pair Corr
0.93	VNVAX	Vaughan Nelson Value	Pair Corr
0.98	PLVYX	Pace Large Value	Pair Corr
0.78	VTWAX	Vanguard Total World	Pair Corr
0.9	VEIRX	Vanguard Equity Income	Pair Corr

Moving against Dodge Mutual Fund

0.73	DODIX	Dodge Income	Pair Corr
0.72	DODLX	Dodge Global Bond	Pair Corr
0.72	DOXIX	Dodge Cox Income	Pair Corr
0.69	DOXLX	Dodge Cox Global	Pair Corr

Related Correlations Analysis

	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	144285AL7	AAEVX
444859BR2		0.0	0.3	-0.62	-0.59	-0.09	0.21	-0.34	0.08	-0.7	444859BR2
AQUI	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	0.3	0.0		-0.5	-0.45	-0.44	-0.02	0.08	-0.24	-0.39	BRRAY
MSTSX	-0.62	0.0	-0.5		0.72	0.4	0.03	-0.09	0.13	0.79	MSTSX
LBHIX	-0.59	0.0	-0.45	0.72		0.62	-0.21	0.17	-0.02	0.69	LBHIX
ABHYX	-0.09	0.0	-0.44	0.4	0.62		-0.01	-0.21	0.3	0.13	ABHYX
SCAXF	0.21	0.0	-0.02	0.03	-0.21	-0.01		-0.71	0.39	-0.3	SCAXF
VIASP	-0.34	0.0	0.08	-0.09	0.17	-0.21	-0.71		-0.52	0.3	VIASP
144285AL7	0.08	0.0	-0.24	0.13	-0.02	0.3	0.39	-0.52		-0.13	144285AL7
AAEVX	-0.7	0.0	-0.39	0.79	0.69	0.13	-0.3	0.3	-0.13		AAEVX
	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	144285AL7	AAEVX

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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

AAEVX	+ 0.79	MSTSX
LBHIX	+ 0.72	MSTSX
AAEVX	+ 0.69	LBHIX
ABHYX	+ 0.62	LBHIX
ABHYX	+ 0.4	MSTSX
144285AL7	+ 0.39	SCAXF

High negative correlations

VIASP	- 0.71	SCAXF
AAEVX	- 0.7	444859BR2
MSTSX	- 0.62	444859BR2
LBHIX	- 0.59	444859BR2
144285AL7	- 0.52	VIASP
MSTSX	- 0.5	BRRAY

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
444859BR2	1.32	0.04	0.00	0.04	0.00	0.00	5.93	(4.60)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.10)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.49	(0.03)	(0.09)	0.05	0.52	(0.59)	1.21	(1.02)	2.80
LBHIX	0.11	0.00	(0.27)	0.00	0.00	(0.29)	0.24	(0.24)	0.96
ABHYX	0.16	0.00	(0.17)	0.11	0.26	(0.23)	0.34	(0.33)	1.91
SCAXF	0.70	(0.40)	0.00	(1.01)	0.00	0.00	0.00	0.00	23.47
VIASP	0.75	0.14	0.04	(6.44)	1.01	(0.84)	2.28	(1.15)	7.18
144285AL7	0.36	(0.02)	0.00	4.40	0.00	0.00	0.96	(0.95)	2.51
AAEVX	0.51	0.06	(0.05)	(0.67)	0.56	(0.61)	1.07	(0.77)	3.24

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