Davenport Value Correlations

DVIPX Fund

USD 19.64 0.21 1.06%

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.

Check out Investing Opportunities to better understand how to build diversified portfolios. 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 main economic indicators.

Moving together with Davenport Mutual Fund

1.0	DBALX	Davenport Balanced Income	Pair Corr
0.85	DBUYX	Davenport Insider Buying	Pair Corr
0.9	VVIAX	Vanguard Value Index	Pair Corr
0.81	AWSHX	Washington Mutual	Pair Corr
0.81	WSHCX	Washington Mutual	Pair Corr
0.78	WSHFX	Washington Mutual	Pair Corr
0.73	DODGX	Dodge Stock Fund	Pair Corr
0.81	AMFFX	American Mutual	Pair Corr
0.81	AMFCX	American Mutual	Pair Corr
0.67	VTIAX	Vanguard Total Inter	Pair Corr
0.78	POLRX	Polen Growth	Pair Corr
0.8	NAMAX	Columbia Mid Cap	Pair Corr
0.61	PREIX	T Rowe Price	Pair Corr
0.76	PRUIX	T Rowe Price	Pair Corr
0.73	SAGWX	Sentinel Small Pany	Pair Corr
0.88	MEIAX	Mfs Value Fund	Pair Corr
0.72	ASLWX	Select Fund Y	Pair Corr
0.66	PLUAX	Aristotle Funds Series	Pair Corr
0.68	TINCX	Templeton Global Balanced	Pair Corr
0.68	MSHMX	Morgan Stanley Insti	Pair Corr
0.69	RYATX	Nasdaq 100 Fund	Pair Corr

Moving against Davenport Mutual Fund

0.45

AMRMX

American Mutual

Pair Corr

Related Correlations Analysis

	DLQIX	LMISX	SABIX	GMLVX	PRWAX	PLAAX
DLQIX		0.89	0.83	0.34	0.86	0.99	DLQIX
LMISX	0.89		0.9	0.52	0.91	0.83	LMISX
SABIX	0.83	0.9		0.32	0.96	0.78	SABIX
GMLVX	0.34	0.52	0.32		0.36	0.29	GMLVX
PRWAX	0.86	0.91	0.96	0.36		0.82	PRWAX
PLAAX	0.99	0.83	0.78	0.29	0.82		PLAAX
	DLQIX	LMISX	SABIX	GMLVX	PRWAX	PLAAX

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
DLQIX	0.89	0.32	0.30	0.66	0.38	(1.06)	1.47	(1.30)	19.80
LMISX	0.63	0.04	0.02	0.12	0.80	(0.64)	1.57	(1.32)	4.04
SABIX	0.60	0.07	0.09	0.15	0.48	(0.66)	1.12	(1.00)	9.72
GMLVX	0.71	0.03	0.02	0.11	0.78	(0.82)	1.59	(1.05)	4.16
PRWAX	0.78	0.07	0.09	0.13	0.76	(0.90)	1.71	(1.42)	10.85
PLAAX	1.32	0.51	0.35	(1.15)	0.57	(1.58)	1.90	(1.92)	36.26

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Davenport Value Correlations

Moving together with Davenport Mutual Fund

Moving against Davenport Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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