Large Company Correlations

DTLVX Fund

USD 22.25 0.18 0.82%

The current 90-days correlation between Large Pany Value and Wilshire Large is 0.79 (i.e., Poor diversification). The correlation of Large Company 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.

Large Company Correlation With Market

Significant diversification

The correlation between Large Pany Value and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Large Pany Value 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 Large Pany Value. 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 real.

Moving together with Large Mutual Fund

0.66	WSMGX	Small Pany Growth	Pair Corr
0.96	WSMVX	Small Pany Value	Pair Corr
0.67	WFIVX	Wilshire 5000 Index	Pair Corr
0.66	WINDX	Wilshire 5000 Index	Pair Corr
0.9	WLCGX	Large Pany Growth	Pair Corr
0.97	WLCVX	Large Pany Value	Pair Corr
0.9	WLCTX	Wilshire International	Pair Corr
0.94	DTLGX	Wilshire Large	Pair Corr
0.96	DTSVX	Small Pany Value	Pair Corr
0.67	DTSGX	Small Pany Growth	Pair Corr
0.9	WLTTX	Wilshire International	Pair Corr
0.78	VVIAX	Vanguard Value Index	Pair Corr
0.73	DOXGX	Dodge Cox Stock	Pair Corr
0.95	AFMFX	American Mutual	Pair Corr
0.95	FFMMX	American Funds American	Pair Corr
0.95	FFFMX	American Funds American	Pair Corr
0.95	AMRMX	American Mutual	Pair Corr
0.95	AMFFX	American Mutual	Pair Corr
0.95	AMFCX	American Mutual	Pair Corr
0.95	DODGX	Dodge Stock Fund	Pair Corr
0.78	VIVAX	Vanguard Value Index	Pair Corr
0.78	LIIAX	Columbia Porate Income	Pair Corr
0.75	SRINX	Columbia Porate Income	Pair Corr
0.78	CIFRX	Columbia Porate Income	Pair Corr
0.76	WRHIX	Ivy High Income	Pair Corr
0.71	WHIAX	Ivy High Income	Pair Corr
0.74	IHIFX	Ivy High Income	Pair Corr
0.74	IVHIX	Ivy High Income	Pair Corr
0.63	FLREX	Franklin Lifesmart 2040	Pair Corr

Moving against Large Mutual Fund

0.37	NWJVX	Nationwide Highmark Short	Pair Corr
0.37	GSDCX	Goldman Sachs Short	Pair Corr

Related Correlations Analysis

	DTLGX	DTSVX	DTSGX	WFIVX	WSMVX
DTLGX		0.9	0.65	0.69	0.89	DTLGX
DTSVX	0.9		0.74	0.7	1.0	DTSVX
DTSGX	0.65	0.74		0.94	0.74	DTSGX
WFIVX	0.69	0.7	0.94		0.71	WFIVX
WSMVX	0.89	1.0	0.74	0.71		WSMVX
	DTLGX	DTSVX	DTSGX	WFIVX	WSMVX

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Risk-Adjusted Indicators

There is a big difference between Large Mutual Fund performing well and Large Company 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 Large Company'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
DTLGX	1.16	(0.05)	0.00	(1.59)	0.00	0.00	1.96	(2.71)	14.60
DTSVX	0.97	(0.09)	0.00	(0.09)	0.00	0.00	1.76	(1.50)	14.53
DTSGX	0.97	0.04	0.01	0.13	1.14	(1.06)	2.11	(1.72)	8.75
WFIVX	0.66	0.01	(0.03)	0.09	1.01	(0.62)	1.27	(1.52)	5.95
WSMVX	0.96	(0.09)	0.00	(0.09)	0.00	0.00	1.79	(1.49)	14.33

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