Domini International Correlations

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The current 90-days correlation between Domini International and Domini Impact International is -0.3 (i.e., Very good diversification). The correlation of Domini International 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 International Correlation With Market

Good diversification

The correlation between Domini International Opportuni and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Domini International Opportuni and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Domini International Opportunities. 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

0.9	DOMYX	Domini Impact Intern	Pair Corr
0.84	DOMOX	Domini Impact Intern	Pair Corr
0.84	DOMIX	Domini Impact Intern	Pair Corr
0.8	DSBYX	Domini Impact Bond	Pair Corr
0.79	DSBIX	Domini Impact Bond	Pair Corr
0.81	DSBFX	Domini Impact Bond	Pair Corr
0.95	LEADX	Domini International	Pair Corr
0.74	RERFX	Europacific Growth	Pair Corr
0.74	AEPFX	Europacific Growth	Pair Corr
0.74	CEUAX	Europacific Growth	Pair Corr
0.76	CEUCX	Europacific Growth	Pair Corr
0.75	RERCX	Europacific Growth	Pair Corr
0.74	REREX	Europacific Growth	Pair Corr
0.73	RERGX	Europacific Growth	Pair Corr
0.74	CEUFX	Europacific Growth	Pair Corr
0.75	CEUEX	Europacific Growth	Pair Corr
0.76	RERAX	Europacific Growth	Pair Corr
0.94	BTMPX	Ishares Msci Eafe	Pair Corr
0.93	BTMKX	Blackrock International	Pair Corr
0.94	MDIIX	Blackrock Intern Index	Pair Corr

Moving against Domini Mutual Fund

0.59	DIEQX	Domini Impact Equity	Pair Corr
0.59	DSEFX	Domini Impact Equity	Pair Corr
0.59	DSFRX	Domini Impact Equity	Pair Corr
0.84	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.84	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.84	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.84	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.81	FSLBX	Brokerage And Investment	Pair Corr
0.7	VIGAX	Vanguard Growth Index	Pair Corr
0.65	VINIX	Vanguard Institutional	Pair Corr
0.63	FXAIX	Fidelity 500 Index	Pair Corr
0.56	DPG	Duff And Phelps	Pair Corr
0.55	VWENX	Vanguard Wellington	Pair Corr
0.44	FSUTX	Utilities Portfolio	Pair Corr
0.39	COGVX	Cognios Large Cap	Pair Corr
0.37	FSMMX	Fs Multi Strategy	Pair Corr

Related Correlations Analysis

	DOMIX	DSBFX	DIEQX	LIFEX	DOMYX	DOMOX	DSBYX	DSBIX	DSEFX
DOMIX		0.65	-0.21	0.54	0.88	1.0	0.64	0.64	-0.21	DOMIX
DSBFX	0.65		-0.7	-0.01	0.6	0.65	1.0	1.0	-0.69	DSBFX
DIEQX	-0.21	-0.7		0.57	-0.23	-0.21	-0.7	-0.7	1.0	DIEQX
LIFEX	0.54	-0.01	0.57		0.44	0.54	-0.02	-0.01	0.57	LIFEX
DOMYX	0.88	0.6	-0.23	0.44		0.88	0.59	0.59	-0.23	DOMYX
DOMOX	1.0	0.65	-0.21	0.54	0.88		0.64	0.64	-0.2	DOMOX
DSBYX	0.64	1.0	-0.7	-0.02	0.59	0.64		1.0	-0.7	DSBYX
DSBIX	0.64	1.0	-0.7	-0.01	0.59	0.64	1.0		-0.7	DSBIX
DSEFX	-0.21	-0.69	1.0	0.57	-0.23	-0.2	-0.7	-0.7		DSEFX
	DOMIX	DSBFX	DIEQX	LIFEX	DOMYX	DOMOX	DSBYX	DSBIX	DSEFX

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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

DOMOX	+ 1.0	DOMIX
DSBYX	+ 1.0	DSBFX
DSBIX	+ 1.0	DSBFX
DSEFX	+ 1.0	DIEQX
DSBIX	+ 1.0	DSBYX
DOMYX	+ 0.88	DOMIX

High negative correlations

DSEFX	- 0.7	DSBIX
DSEFX	- 0.7	DSBYX
DSBIX	- 0.7	DIEQX
DSBYX	- 0.7	DIEQX
DIEQX	- 0.7	DSBFX
DSEFX	- 0.69	DSBFX

Risk-Adjusted Indicators

There is a big difference between Domini Mutual Fund performing well and Domini International 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 International'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
DOMIX	0.66	(0.11)	0.00	(0.08)	0.00	0.00	1.18	(1.45)	3.93
DSBFX	0.23	(0.02)	0.00	0.42	0.00	0.00	0.49	(0.58)	1.36
DIEQX	0.60	(0.03)	(0.05)	0.09	0.76	(0.64)	1.26	(1.53)	3.91
LIFEX	0.70	(0.10)	(0.11)	0.00	0.99	(0.65)	1.25	(1.44)	3.42
DOMYX	0.68	(0.03)	0.00	(3.28)	0.00	0.00	1.20	(1.48)	3.88
DOMOX	0.67	(0.11)	0.00	(0.08)	0.00	0.00	1.10	(1.48)	3.90
DSBYX	0.23	(0.02)	0.00	0.41	0.00	0.00	0.49	(0.58)	1.36
DSBIX	0.23	(0.02)	0.00	0.46	0.00	0.00	0.49	(0.59)	1.37
DSEFX	0.60	(0.03)	(0.05)	0.08	0.76	(0.64)	1.24	(1.54)	3.88

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