Davis Appreciation Correlations

RPFCX Fund

USD 68.53 0.13 0.19%

The current 90-days correlation between Davis Appreciation Income and Icon Financial Fund is 0.37 (i.e., Weak diversification). The correlation of Davis Appreciation 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 Appreciation Correlation With Market

Very poor diversification

The correlation between Davis Appreciation Income and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Davis Appreciation Income 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 Appreciation Income. 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 unemployment.

Moving together with Davis Mutual Fund

0.95	IFAFX	Income Fund	Pair Corr
0.92	AMECX	Income Fund	Pair Corr
0.92	IFACX	Income Fund	Pair Corr
0.93	FFIFX	American Funds	Pair Corr
0.92	FAIFX	American Funds	Pair Corr
0.92	RIDBX	Income Fund	Pair Corr
0.92	CIMEX	Income Fund	Pair Corr
0.93	RIDFX	Income Fund	Pair Corr
0.92	CIMCX	Income Fund	Pair Corr
0.93	CIMFX	Income Fund	Pair Corr
0.9	WHIAX	Ivy High Income	Pair Corr
0.91	IVHIX	Ivy High Income	Pair Corr
0.91	IHIFX	Ivy High Income	Pair Corr
0.89	WRHIX	Ivy High Income	Pair Corr
0.89	WHIYX	Ivy High Income	Pair Corr
0.96	GLRIX	James Balanced Golden	Pair Corr
0.91	CFIPX	Qs Global Equity	Pair Corr
0.87	TEBRX	Teberg Fund	Pair Corr
0.97	GILCX	Guggenheim Large Cap	Pair Corr
0.71	BMBSX	Baird Quality Interm	Pair Corr
0.72	GSSQX	Goldman Sachs Equity	Pair Corr
0.86	PBLCX	Blue Chip Fund	Pair Corr
0.61	XOM	Exxon Mobil Corp Earnings Call Tomorrow	Pair Corr
0.63	MRK	Merck Company Earnings Call This Week	Pair Corr

Moving against Davis Mutual Fund

0.81	ERH	Allspring Utilities And	Pair Corr
0.56	T	ATT Inc Earnings Call This Week	Pair Corr
0.46	HPQ	HP Inc	Pair Corr
0.32	MSFT	Microsoft	Pair Corr
0.31	VZ	Verizon Communications Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	SBFAX	MCBXX	FIKBX	FNPIX	FIDAX	RMBLX	ICFAX
SBFAX		0.0	0.94	0.79	-0.73	0.95	0.86	SBFAX
MCBXX	0.0		0.0	0.0	0.0	0.0	0.0	MCBXX
FIKBX	0.94	0.0		0.81	-0.83	0.93	0.87	FIKBX
FNPIX	0.79	0.0	0.81		-0.47	0.71	0.81	FNPIX
FIDAX	-0.73	0.0	-0.83	-0.47		-0.69	-0.54	FIDAX
RMBLX	0.95	0.0	0.93	0.71	-0.69		0.92	RMBLX
ICFAX	0.86	0.0	0.87	0.81	-0.54	0.92		ICFAX
	SBFAX	MCBXX	FIKBX	FNPIX	FIDAX	RMBLX	ICFAX

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

RMBLX	+ 0.95	SBFAX
FIKBX	+ 0.94	SBFAX
RMBLX	+ 0.93	FIKBX
ICFAX	+ 0.92	RMBLX
ICFAX	+ 0.87	FIKBX
ICFAX	+ 0.86	SBFAX

High negative correlations

FIDAX	- 0.83	FIKBX
FIDAX	- 0.73	SBFAX
RMBLX	- 0.69	FIDAX
ICFAX	- 0.54	FIDAX
FIDAX	- 0.47	FNPIX
ICFAX	- 0.0	MCBXX

Risk-Adjusted Indicators

There is a big difference between Davis Mutual Fund performing well and Davis Appreciation 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 Appreciation'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
SBFAX	0.93	0.25	0.25	0.49	0.51	(1.18)	1.70	(1.46)	18.47
MCBXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FIKBX	0.76	0.12	0.12	0.17	0.72	(0.85)	1.70	(1.63)	8.31
FNPIX	1.01	(0.07)	(0.03)	0.00	1.45	(0.94)	1.85	(2.56)	6.55
FIDAX	1.31	(0.37)	0.00	2.41	0.00	0.00	1.78	(1.82)	33.76
RMBLX	0.98	0.25	0.21	0.34	0.78	(1.16)	3.00	(1.19)	8.69
ICFAX	0.85	0.18	0.24	0.23	0.41	(1.19)	1.66	(0.98)	14.63

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC