Dividend Opportunities Correlations

DVOAX Fund

USD 12.48 0.09 0.73%

The current 90-days correlation between Dividend Opportunities and Blackrock Health Sciences is 0.51 (i.e., Very weak diversification). The correlation of Dividend Opportunities 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.

Dividend Opportunities Correlation With Market

Very weak diversification

The correlation between Dividend Opportunities Fund and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dividend Opportunities Fund 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 Dividend Opportunities Fund. 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 nation.

Moving together with Dividend Mutual Fund

0.94	SRUAX	Spectrum Fund Adviser	Pair Corr
0.95	SRUIX	Spectrum Fund Instit	Pair Corr
0.94	QNTAX	Quantex Fund Adviser	Pair Corr
0.98	QNTIX	Quantex Fund Institu	Pair Corr
0.79	IFAAX	Infrastructure Fund	Pair Corr
0.72	IFAIX	Infrastructure Fund	Pair Corr
0.96	BLNIX	Balanced Fund Instit	Pair Corr
0.98	BLNAX	Balanced Fund Adviser	Pair Corr
0.97	FLCGX	Quantex Fund Retail	Pair Corr
0.95	FLDOX	Dividend Opportunities	Pair Corr
0.97	FLDGX	Dynamic Growth	Pair Corr
0.84	FLDFX	Balanced Fund Retail	Pair Corr
0.94	FLFGX	Global Opportunities	Pair Corr
0.97	FLMIX	Muirfield Fund Insti	Pair Corr
0.97	FLMFX	Muirfield Fund Retail	Pair Corr
0.99	FLMAX	Muirfield Fund Adviser	Pair Corr
0.81	FLRUX	Infrastructure Fund	Pair Corr
0.99	FLSPX	Spectrum Fund Retail	Pair Corr
0.95	DVOIX	Dividend Opportunities	Pair Corr
0.81	GBPAX	Global Opportunities	Pair Corr
0.93	GBPIX	Global Opportunities	Pair Corr
0.99	DYGIX	Dynamic Growth	Pair Corr
0.99	DYGAX	Dynamic Growth	Pair Corr
0.88	VWINX	Vanguard Wellesley Income	Pair Corr
0.93	VWIAX	Vanguard Wellesley Income	Pair Corr
0.76	BKMIX	Blackrock Multi Asset	Pair Corr
0.94	HBLTX	Hartford Balanced	Pair Corr
0.94	HBLRX	Hartford Balanced	Pair Corr
0.93	HBLSX	Hartford Balanced	Pair Corr
0.94	HBLVX	Hartford Balanced	Pair Corr
0.93	HBLYX	Hartford Balanced	Pair Corr
0.94	HBLCX	Hartford Balanced	Pair Corr
0.94	HBLIX	Hartford Balanced	Pair Corr
0.77	GPBFX	Gmo E Plus	Pair Corr

Moving against Dividend Mutual Fund

0.7	PQTAX	Pimco Trends Managed	Pair Corr
0.7	PQTIX	Aa Pimco Tr	Pair Corr
0.65	PQTNX	Pimco Trends Managed	Pair Corr
0.54	GPMFX	Guidepath Managed Futures Potential Growth	Pair Corr

Related Correlations Analysis

	SHSSX	LOGSX	HCPIX	ETAHX	BHCHX	XHQHX	HBGHX	BGHDX
SHSSX		0.9	0.96	0.92	0.96	0.83	0.94	0.45	SHSSX
LOGSX	0.9		0.82	0.82	0.89	0.78	0.8	0.38	LOGSX
HCPIX	0.96	0.82		0.93	0.97	0.89	0.99	0.57	HCPIX
ETAHX	0.92	0.82	0.93		0.94	0.85	0.94	0.62	ETAHX
BHCHX	0.96	0.89	0.97	0.94		0.87	0.96	0.52	BHCHX
XHQHX	0.83	0.78	0.89	0.85	0.87		0.9	0.74	XHQHX
HBGHX	0.94	0.8	0.99	0.94	0.96	0.9		0.62	HBGHX
BGHDX	0.45	0.38	0.57	0.62	0.52	0.74	0.62		BGHDX
	SHSSX	LOGSX	HCPIX	ETAHX	BHCHX	XHQHX	HBGHX	BGHDX

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Risk-Adjusted Indicators

There is a big difference between Dividend Mutual Fund performing well and Dividend Opportunities 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 Dividend Opportunities' 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
SHSSX	0.70	(0.14)	(0.34)	1.02	(1.63)	6.17
LOGSX	0.62	(0.12)	(0.48)	1.07	(1.52)	4.72
HCPIX	0.93	(0.19)	(0.36)	1.76	(2.01)	3.93
ETAHX	1.24	(0.09)	(0.16)	2.27	(2.84)	7.26
BHCHX	0.72	(0.10)	(0.23)	1.34	(1.58)	4.19
XHQHX	0.77	(0.16)	3.46	0.97	(2.29)	4.60
HBGHX	0.71	(0.14)	(0.36)	1.04	(1.60)	3.63
BGHDX	0.76	(0.06)	(31.62)	1.38	(1.69)	8.70

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