Destinations Real Correlations

DRAFX Fund

USD 2.77 0.06 2.12%

The current 90-days correlation between Destinations Real Assets and Destinations Multi Strategy is -0.14 (i.e., Good diversification). The correlation of Destinations Real 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 Real Correlation With Market

Poor diversification

The correlation between Destinations Real Assets and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Destinations Real Assets 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 Real Assets. 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 Destinations Mutual Fund

0.87	DIEZX	Destinations International	Pair Corr
0.88	DIEFX	Destinations International	Pair Corr
0.92	DLDFX	Destinations Low Duration	Pair Corr
0.93	DLDZX	Destinations Low Duration	Pair Corr
0.95	DMFFX	Destinations Municipal	Pair Corr
0.96	DMFZX	Destinations Municipal	Pair Corr
0.88	DSMFX	Destinations Small Mid	Pair Corr
0.85	DSMZX	Destinations Small Mid	Pair Corr
0.84	DCFFX	Destinations Core Fixed	Pair Corr
0.86	DCFZX	Destinations Core Fixed	Pair Corr
0.92	DGEZX	Destinations Equity	Pair Corr
0.92	DGEFX	Destinations Equity	Pair Corr
0.95	DGFZX	Destinations Global Fixed	Pair Corr
0.96	DGFFX	Destinations Global Fixed	Pair Corr
0.9	CWGIX	Capital World Growth	Pair Corr
0.87	CWGFX	Capital World Growth	Pair Corr
0.86	CWGCX	Capital World Growth	Pair Corr
0.81	FCWGX	American Funds Capital	Pair Corr
0.78	FWCGX	American Funds Capital	Pair Corr
0.87	RWIFX	Capital World Growth	Pair Corr
0.89	CWICX	Capital World Growth	Pair Corr
0.89	RWIAX	Capital World Growth	Pair Corr
0.9	CWIAX	Capital World Growth	Pair Corr
0.78	WGIFX	Capital World Growth	Pair Corr
0.71	SMPIX	Semiconductor Ultrasector	Pair Corr
0.7	SMPSX	Semiconductor Ultrasector	Pair Corr
0.87	PMPIX	Precious Metals Ultr	Pair Corr
0.87	PMPSX	Precious Metals Ultr	Pair Corr
0.91	INIIX	International Investors	Pair Corr
0.91	IIGCX	International Investors	Pair Corr
0.89	FGPMX	Franklin Gold And	Pair Corr
0.91	FKRCX	Franklin Gold Precious	Pair Corr
0.91	GLDIX	Gabelli Gold	Pair Corr

Related Correlations Analysis

	DIEZX	DIEFX	DLCFX	DLDFX	DLCZX	DLDZX	DMFFX	DMFZX	DMSFX	DMSZX
DIEZX		1.0	0.84	0.85	0.86	0.85	0.89	0.88	0.69	0.69	DIEZX
DIEFX	1.0		0.82	0.86	0.85	0.86	0.91	0.89	0.67	0.67	DIEFX
DLCFX	0.84	0.82		0.53	1.0	0.52	0.54	0.51	0.89	0.93	DLCFX
DLDFX	0.85	0.86	0.53		0.56	1.0	0.91	0.92	0.34	0.34	DLDFX
DLCZX	0.86	0.85	1.0	0.56		0.56	0.57	0.54	0.88	0.92	DLCZX
DLDZX	0.85	0.86	0.52	1.0	0.56		0.92	0.92	0.33	0.33	DLDZX
DMFFX	0.89	0.91	0.54	0.91	0.57	0.92		1.0	0.4	0.38	DMFFX
DMFZX	0.88	0.89	0.51	0.92	0.54	0.92	1.0		0.35	0.34	DMFZX
DMSFX	0.69	0.67	0.89	0.34	0.88	0.33	0.4	0.35		0.96	DMSFX
DMSZX	0.69	0.67	0.93	0.34	0.92	0.33	0.38	0.34	0.96		DMSZX
	DIEZX	DIEFX	DLCFX	DLDFX	DLCZX	DLDZX	DMFFX	DMFZX	DMSFX	DMSZX

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Risk-Adjusted Indicators

There is a big difference between Destinations Mutual Fund performing well and Destinations Real 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 Real'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
DIEZX	0.72	0.29	0.24	0.56	0.65	(0.89)	1.43	(1.35)	11.83
DIEFX	0.68	0.26	0.21	0.51	0.68	(0.85)	1.40	(1.32)	9.87
DLCFX	0.59	0.08	0.09	0.15	0.61	(0.70)	0.92	(1.29)	8.45
DLDFX	0.07	0.02	(0.09)	(3.72)	0.00	(0.16)	0.11	(0.11)	1.08
DLCZX	0.66	0.14	0.16	0.25	0.54	(0.82)	0.89	(1.33)	12.33
DLDZX	0.08	0.02	(0.08)	(2.55)	0.00	(0.15)	0.11	(0.11)	1.04
DMFFX	0.06	0.01	(0.13)	0.28	0.00	(0.11)	0.10	(0.20)	0.41
DMFZX	0.07	0.01	(0.15)	0.28	0.00	(0.11)	0.10	(0.20)	0.41
DMSFX	0.11	0.01	(0.17)	3.04	0.00	(0.18)	0.20	(0.19)	1.27
DMSZX	0.12	0.01	(0.18)	0.10	0.00	(0.19)	0.20	(0.20)	1.31

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Destinations Real Correlations

Destinations Real Correlation With Market

Poor diversification

Moving together with Destinations Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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