Df Dent Correlations

DFDMX Fund

USD 37.58 0.50 1.35%

The current 90-days correlation between Df Dent Midcap and Parnassus Mid Cap is 0.64 (i.e., Poor diversification). The correlation of Df Dent 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.

Df Dent Correlation With Market

Very weak diversification

The correlation between Df Dent Midcap and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Df Dent Midcap 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 Df Dent Midcap. 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 population.

Moving together with DFDMX Mutual Fund

0.8	DFDSX	Df Dent Small	Pair Corr
0.78	DFDPX	Df Dent Premier	Pair Corr
1.0	DFMLX	Df Dent Midcap	Pair Corr
0.82	DFMGX	Df Dent Midcap	Pair Corr
0.8	DFSGX	Df Dent Small	Pair Corr
0.76	PAMCX	T Rowe Price	Pair Corr
0.75	RRMGX	T Rowe Price	Pair Corr
0.77	TRQZX	T Rowe Price	Pair Corr
0.77	RPMGX	T Rowe Price	Pair Corr
0.84	PRJIX	T Rowe Price	Pair Corr
0.9	PRNHX	T Rowe Price	Pair Corr
0.85	TRUZX	T Rowe Price	Pair Corr
0.92	PCBIX	Midcap Fund Institutional	Pair Corr
0.91	PEMGX	Midcap Fund Class	Pair Corr
0.9	PMBCX	Midcap Fund Class	Pair Corr
0.61	XDSMX	Dreyfus Strategic	Pair Corr
0.63	XNXJX	Nuveen New Jersey	Pair Corr
0.66	XNBHX	Neuberger Berman Int	Pair Corr

Moving against DFDMX Mutual Fund

0.79

PSTIX

Stocksplus Tr Short

Pair Corr

Related Correlations Analysis

	PARMX	FIGFX	BIAWX	BEXFX	BCSVX
PARMX		0.19	0.78	0.22	0.19	PARMX
FIGFX	0.19		0.17	0.62	0.81	FIGFX
BIAWX	0.78	0.17		0.05	0.36	BIAWX
BEXFX	0.22	0.62	0.05		0.43	BEXFX
BCSVX	0.19	0.81	0.36	0.43		BCSVX
	PARMX	FIGFX	BIAWX	BEXFX	BCSVX

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Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between DFDMX Mutual Fund performing well and Df Dent 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 Df Dent'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
PARMX	0.72	(0.18)	0.00	(0.28)	0.00	0.00	1.35	(2.04)	5.80
FIGFX	0.64	0.08	0.10	0.13	0.77	(0.65)	1.23	(1.26)	3.62
BIAWX	0.96	(0.10)	0.00	(0.18)	0.00	0.00	1.73	(2.35)	7.69
BEXFX	0.66	0.00	0.02	(0.02)	1.00	(0.58)	1.34	(1.75)	3.84
BCSVX	0.73	0.00	0.00	(0.02)	0.00	0.00	1.51	(1.46)	3.94

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