Davis Opportunity Correlations

RPEAX Fund

USD 41.61 0.22 0.53%

The current 90-days correlation between Davis Opportunity and Chartwell Short Duration is -0.09 (i.e., Good diversification). The correlation of Davis Opportunity 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.

Davis Opportunity Correlation With Market

Very poor diversification

The correlation between Davis Opportunity and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Davis Opportunity 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 Davis Opportunity. 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 Davis Mutual Fund

0.85	DILCX	Davis International	Pair Corr
0.85	DILAX	Davis International	Pair Corr
0.86	DILYX	Davis International	Pair Corr
0.93	RPFGX	Davis Financial	Pair Corr
0.92	RPFCX	Davis Appreciation Income	Pair Corr
0.74	RPFRX	Davis Real Estate	Pair Corr
0.96	DNVYX	Davis New York	Pair Corr
0.8	RFBAX	Davis Government Bond	Pair Corr
0.76	DREYX	Davis Real Estate	Pair Corr
0.75	DRECX	Davis Real Estate	Pair Corr
0.97	NYVCX	Davis New York	Pair Corr
0.96	NYVRX	Davis New York	Pair Corr
0.93	NYVTX	Davis New York	Pair Corr
0.91	DCSCX	Davis Appreciation Income	Pair Corr
0.91	DCSYX	Davis Appreciation Income	Pair Corr
0.9	DVFYX	Davis Financial	Pair Corr
0.91	DFFCX	Davis Financial	Pair Corr
0.94	DGFCX	Davis Global	Pair Corr
0.96	DGFAX	Davis Global	Pair Corr
0.94	DGFYX	Davis Global	Pair Corr
0.98	DGOCX	Davis Opportunity	Pair Corr
0.98	DGOYX	Davis Opportunity	Pair Corr
0.82	DGVCX	Davis Government Bond	Pair Corr
0.79	DGVYX	Davis Government Bond	Pair Corr
0.86	VVIAX	Vanguard Value Index	Pair Corr
0.86	AWSHX	Washington Mutual	Pair Corr
0.85	WSHCX	Washington Mutual	Pair Corr
0.84	WSHFX	Washington Mutual	Pair Corr
0.94	FWWMX	American Funds Washington	Pair Corr
0.94	FWMMX	American Funds Washington	Pair Corr
0.92	DODGX	Dodge Stock Fund	Pair Corr
0.84	AMFFX	American Mutual	Pair Corr
0.82	AMFCX	American Mutual	Pair Corr
0.83	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.74	RYVLX	Nasdaq 100 2x	Pair Corr
0.82	RYCCX	Nasdaq 100 2x	Pair Corr

Moving against Davis Mutual Fund

0.58	AMRMX	American Mutual	Pair Corr
0.49	INPIX	Internet Ultrasector	Pair Corr
0.49	INPSX	Internet Ultrasector	Pair Corr

Related Correlations Analysis

	TSDCX	JSNIX	VSGBX	MAFRX	SUSAX	NWJVX	LCSAX	CWFIX
TSDCX		0.96	0.92	0.99	0.96	0.99	0.44	0.95	TSDCX
JSNIX	0.96		0.96	0.96	0.99	0.97	0.45	0.95	JSNIX
VSGBX	0.92	0.96		0.92	0.96	0.94	0.44	0.9	VSGBX
MAFRX	0.99	0.96	0.92		0.97	0.98	0.46	0.94	MAFRX
SUSAX	0.96	0.99	0.96	0.97		0.96	0.51	0.94	SUSAX
NWJVX	0.99	0.97	0.94	0.98	0.96		0.43	0.96	NWJVX
LCSAX	0.44	0.45	0.44	0.46	0.51	0.43		0.44	LCSAX
CWFIX	0.95	0.95	0.9	0.94	0.94	0.96	0.44		CWFIX
	TSDCX	JSNIX	VSGBX	MAFRX	SUSAX	NWJVX	LCSAX	CWFIX

Risk-Adjusted Indicators

There is a big difference between Davis Mutual Fund performing well and Davis Opportunity 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 Davis Opportunity'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
TSDCX	0.05	0.01	0.00	0.27	0.00	0.00	0.11	(0.11)	0.54
JSNIX	0.06	0.00	(0.30)	0.00	0.00	(0.18)	0.11	(0.11)	0.64
VSGBX	0.07	0.00	(0.34)	0.00	0.00	(0.13)	0.19	(0.10)	0.39
MAFRX	0.03	0.01	0.00	1.46	0.00	0.00	0.00	0.00	0.42
SUSAX	0.04	0.01	0.00	(4.63)	0.00	0.00	0.10	0.00	0.51
NWJVX	0.07	0.01	(0.32)	0.25	0.00	(0.15)	0.20	(0.10)	0.50
LCSAX	0.43	0.01	(0.05)	0.12	0.66	(0.42)	0.94	(0.93)	4.23
CWFIX	0.06	0.01	0.00	(4.05)	0.00	0.00	0.11	(0.10)	0.84

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