Davenport Value Correlations
DVIPX Fund | USD 19.32 0.04 0.21% |
The current 90-days correlation between Davenport Value Income and Sprott Gold Equity is 0.16 (i.e., Average diversification). The correlation of Davenport Value 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.
Davenport Value Correlation With Market
Very weak diversification
The correlation between Davenport Value Income and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Davenport Value Income and DJI in the same portfolio, assuming nothing else is changed.
Davenport |
Moving together with Davenport Mutual Fund
0.77 | DSCPX | Davenport Small Cap | PairCorr |
0.84 | DAVPX | Davenport E Fund | PairCorr |
0.97 | DBALX | Davenport Balanced Income | PairCorr |
0.71 | DBUYX | Davenport Insider Buying | PairCorr |
0.77 | DEOPX | Davenport Equity Opp | PairCorr |
0.82 | VVIAX | Vanguard Value Index | PairCorr |
0.69 | DOXGX | Dodge Cox Stock | PairCorr |
0.88 | AFMFX | American Mutual | PairCorr |
0.88 | FFMMX | American Funds American | PairCorr |
0.88 | FFFMX | American Funds American | PairCorr |
0.88 | AMRMX | American Mutual | PairCorr |
0.84 | AMFFX | American Mutual | PairCorr |
0.89 | AMFCX | American Mutual | PairCorr |
0.91 | DODGX | Dodge Stock Fund | PairCorr |
0.83 | VIVAX | Vanguard Value Index | PairCorr |
Moving against Davenport Mutual Fund
0.46 | MWUIX | Metropolitan West Ultra | PairCorr |
0.34 | TBSIX | T Rowe Price | PairCorr |
0.7 | RYJCX | Inverse Government Long | PairCorr |
0.47 | PSDQX | Putnam Short Duration | PairCorr |
Related Correlations Analysis
0.99 | 0.99 | 0.98 | 0.98 | 0.99 | 0.99 | SGDLX | ||
0.99 | 0.97 | 0.98 | 0.97 | 0.97 | 0.98 | OGMCX | ||
0.99 | 0.97 | 0.97 | 1.0 | 1.0 | 1.0 | EKWYX | ||
0.98 | 0.98 | 0.97 | 0.98 | 0.98 | 0.98 | OCMAX | ||
0.98 | 0.97 | 1.0 | 0.98 | 0.99 | 1.0 | UIPMX | ||
0.99 | 0.97 | 1.0 | 0.98 | 0.99 | 1.0 | IIGCX | ||
0.99 | 0.98 | 1.0 | 0.98 | 1.0 | 1.0 | AGYCX | ||
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Risk-Adjusted Indicators
There is a big difference between Davenport Mutual Fund performing well and Davenport Value 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 Davenport Value'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
SGDLX | 1.26 | 0.19 | 0.11 | 0.56 | 1.50 | 2.66 | 7.55 | |||
OGMCX | 1.31 | 0.19 | 0.11 | 0.33 | 1.50 | 2.69 | 8.94 | |||
EKWYX | 1.33 | 0.27 | 0.16 | 0.61 | 1.47 | 3.10 | 8.10 | |||
OCMAX | 1.25 | 0.23 | 0.14 | 0.69 | 1.43 | 2.66 | 8.08 | |||
UIPMX | 1.24 | 0.27 | 0.16 | 0.56 | 1.37 | 2.90 | 7.60 | |||
IIGCX | 1.28 | 0.25 | 0.15 | 0.55 | 1.40 | 3.26 | 8.36 | |||
AGYCX | 1.30 | 0.24 | 0.14 | 0.50 | 1.49 | 2.92 | 8.42 |