Domini Sustainable Correlations

Mutual Funds . USA . 
Fund . Domini Sustainable Solutions
LIFEX Fund  USD 16.57  0.21  1.28%   
The current 90-days correlation between Domini Sustainable and Schwab Government Money is -0.02 (i.e., Good diversification). The correlation of Domini Sustainable 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.

Domini Sustainable Correlation With Market

Very weak diversification

The correlation between Domini Sustainable Solutions and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Domini Sustainable Solutions and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Domini Sustainable Solutions. 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 income.

Moving together with Domini Mutual Fund

  0.96FSWFX American Funds SmallcapPairCorr
  0.96FSFWX American Funds SmallcapPairCorr
  0.95SCWCX American Fds SmallcapPairCorr
  0.95SCWFX Smallcap WorldPairCorr
  0.95SMCWX Smallcap WorldPairCorr
  0.85CSPFX Smallcap WorldPairCorr
  0.95CSPAX Smallcap WorldPairCorr
  0.95CSPEX Smallcap WorldPairCorr
  0.95RSLCX Smallcap WorldPairCorr
  0.96RLLGX Smallcap WorldPairCorr
  0.77VTSAX Vanguard Total StockPairCorr
  0.71VFIAX Vanguard 500 IndexPairCorr
  0.77VTSMX Vanguard Total StockPairCorr
  0.77VSMPX Vanguard Total StockPairCorr
  0.77VSTSX Vanguard Total StockPairCorr
  0.77VITSX Vanguard Total StockPairCorr
  0.72VFINX Vanguard 500 IndexPairCorr
  0.71VFFSX Vanguard 500 IndexPairCorr
  0.79VGTSX Vanguard Total InterPairCorr
  0.79VTIAX Vanguard Total InterPairCorr
  0.62AA Alcoa CorpPairCorr
  0.64VZ Verizon CommunicationsPairCorr
  0.63TRV The Travelers CompaniesPairCorr
  0.75CAT Caterpillar Earnings Call This WeekPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
QCMMIX
+ 0.81
SWGXX
QCMMIX
+ 0.32
XFINX
FIDAX
+ 0.3
XFINX
XFINX
+ 0.12
SWGXX
HEWXX
+ 0.0
SWGXX
AEYXX
+ 0.0
SWGXX
  
High negative correlations   
FIDAX
- 0.58
SWGXX
QCMMIX
- 0.46
FIDAX
QCMMIX
- 0.0
AEYXX
FIDAX
- 0.0
AEYXX
QCMMIX
- 0.0
HEWXX
FIDAX
- 0.0
HEWXX

Risk-Adjusted Indicators

There is a big difference between Domini Mutual Fund performing well and Domini Sustainable 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 Domini Sustainable'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.

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