Davenport Insider Correlations

DBUYX Fund

10.44 0.04 0.38%

The current 90-days correlation between Davenport Insider Buying and Ambrus Core Bond is 0.14 (i.e., Average diversification). The correlation of Davenport Insider 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.

Davenport Insider Correlation With Market

Poor diversification

The correlation between Davenport Insider Buying and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Davenport Insider Buying 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 Davenport Insider Buying. 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 manufacturing.

Moving together with Davenport Mutual Fund

0.92	DSCPX	Davenport Small Cap	Pair Corr
0.74	DAVPX	Davenport E Fund	Pair Corr
0.86	DEOPX	Davenport Equity Opp	Pair Corr
0.82	VTSAX	Vanguard Total Stock	Pair Corr
0.79	VFIAX	Vanguard 500 Index	Pair Corr
0.82	VTSMX	Vanguard Total Stock	Pair Corr
0.89	VITSX	Vanguard Total Stock	Pair Corr
0.82	VSMPX	Vanguard Total Stock	Pair Corr
0.82	VSTSX	Vanguard Total Stock	Pair Corr
0.8	VFINX	Vanguard 500 Index	Pair Corr
0.79	VFFSX	Vanguard 500 Index	Pair Corr
0.86	VINIX	Vanguard Institutional	Pair Corr
0.86	VIIIX	Vanguard Institutional	Pair Corr

Moving against Davenport Mutual Fund

0.76	USGDX	Morgan Stanley Government	Pair Corr
0.7	HRBDX	Harbor Bond Fund	Pair Corr
0.7	ABNOX	Ab Bond Inflation	Pair Corr
0.67	VICSX	Vanguard Intermediate-ter	Pair Corr
0.63	VGTSX	Vanguard Total Inter	Pair Corr
0.63	VTIAX	Vanguard Total Inter	Pair Corr
0.59	GIOIX	Guggenheim Macro Opp	Pair Corr
0.51	SGDLX	Sprott Gold Equity	Pair Corr
0.47	HTD	John Hancock Tax	Pair Corr
0.47	UTF	Cohen And Steers	Pair Corr
0.34	DBIWX	Dws Global Macro	Pair Corr
0.31	TIMUX	Transamerica Intermediate	Pair Corr

Related Correlations Analysis

	TTRBX	SGYAX	ABNTX	ARTFX	FMUUX	FLQTVX	DLTNX
TTRBX		0.84	0.98	0.82	0.93	0.98	0.98	TTRBX
SGYAX	0.84		0.84	0.94	0.86	0.82	0.75	SGYAX
ABNTX	0.98	0.84		0.83	0.95	0.98	0.97	ABNTX
ARTFX	0.82	0.94	0.83		0.89	0.8	0.74	ARTFX
FMUUX	0.93	0.86	0.95	0.89		0.89	0.9	FMUUX
FLQTVX	0.98	0.82	0.98	0.8	0.89		0.98	FLQTVX
DLTNX	0.98	0.75	0.97	0.74	0.9	0.98		DLTNX
	TTRBX	SGYAX	ABNTX	ARTFX	FMUUX	FLQTVX	DLTNX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Davenport Mutual Fund performing well and Davenport Insider 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 Davenport Insider'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
TTRBX	0.16	0.01	0.03	0.64	0.10	(0.19)	0.40	(0.30)	0.82
SGYAX	0.16	0.02	0.05	0.15	0.05	(0.26)	0.56	(0.28)	1.57
ABNTX	0.15	0.03	0.11	(10.71)	0.00	(0.20)	0.30	(0.39)	0.99
ARTFX	0.13	0.01	0.01	(0.14)	0.07	(0.19)	0.44	(0.22)	0.89
FMUUX	0.03	0.00	0.00	(0.05)	0.00	0.00	0.10	0.00	0.40
FLQTVX	0.12	0.00	0.01	0.75	0.07	(0.13)	0.24	(0.22)	0.77
DLTNX	0.23	0.02	0.06	0.85	0.16	(0.31)	0.57	(0.34)	1.40

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