Df Dent Correlations

DFDSX Fund

USD 26.83 0.16 0.60%

The current 90-days correlation between Df Dent Small and Western Asset High is -0.08 (i.e., Good 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 poor diversification

The correlation between Df Dent Small and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Df Dent Small 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 Small. 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 state.

Moving together with DFDSX Mutual Fund

0.95	DFDPX	Df Dent Premier	Pair Corr
0.97	DFDMX	Df Dent Midcap	Pair Corr
0.97	DFMLX	Df Dent Midcap	Pair Corr
0.97	DFMGX	Df Dent Midcap	Pair Corr
0.95	DFSGX	Df Dent Small	Pair Corr
0.98	VSGAX	Vanguard Small Cap	Pair Corr
0.98	VSGIX	Vanguard Small Cap	Pair Corr
0.98	VISGX	Vanguard Small Cap	Pair Corr
0.99	VEXPX	Vanguard Explorer	Pair Corr
0.99	VEXRX	Vanguard Explorer	Pair Corr
0.97	JGMIX	Janus Triton	Pair Corr
0.98	JGMRX	Janus Triton	Pair Corr
0.98	JGMAX	Janus Triton	Pair Corr
0.98	JGMCX	Janus Triton	Pair Corr
0.97	JGMNX	Janus Triton	Pair Corr
0.61	IHIFX	Ivy High Income	Pair Corr
0.88	UINQX	Usaa Nasdaq 100	Pair Corr
0.98	FDVLX	Fidelity Value	Pair Corr
0.78	RNGHX	New Economy Fund	Pair Corr
0.89	JILGX	Multimanager Lifestyle	Pair Corr
0.84	SPE	Special Opportunities	Pair Corr
0.76	VGENX	Vanguard Energy	Pair Corr
0.88	VFINX	Vanguard 500 Index	Pair Corr
0.95	VTMFX	Vanguard Tax Managed	Pair Corr
0.87	PGWTX	Putnam Focused Equity	Pair Corr
0.95	AMGOX	Alger Mid Cap	Pair Corr
0.88	BUFSX	Buffalo Small Cap	Pair Corr
0.9	FTUIX	Telecommunications	Pair Corr
0.88	SSGFX	Sextant Growth	Pair Corr
0.88	CII	Blackrock Enhanced	Pair Corr

Moving against DFDSX Mutual Fund

0.43	LIIAX	Columbia Porate Income	Pair Corr
0.41	SRINX	Columbia Porate Income	Pair Corr
0.51	CIFRX	Columbia Porate Income	Pair Corr

Related Correlations Analysis

	WAHSX	FCSIX	CABIX	GMOZX	AGDAX	PHDTX	LBETX	RHMYX
WAHSX		0.96	0.42	0.9	0.99	0.94	0.77	0.33	WAHSX
FCSIX	0.96		0.31	0.87	0.96	0.94	0.86	0.31	FCSIX
CABIX	0.42	0.31		0.66	0.44	0.44	0.28	0.52	CABIX
GMOZX	0.9	0.87	0.66		0.9	0.91	0.77	0.5	GMOZX
AGDAX	0.99	0.96	0.44	0.9		0.93	0.78	0.38	AGDAX
PHDTX	0.94	0.94	0.44	0.91	0.93		0.9	0.23	PHDTX
LBETX	0.77	0.86	0.28	0.77	0.78	0.9		0.01	LBETX
RHMYX	0.33	0.31	0.52	0.5	0.38	0.23	0.01		RHMYX
	WAHSX	FCSIX	CABIX	GMOZX	AGDAX	PHDTX	LBETX	RHMYX

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Risk-Adjusted Indicators

There is a big difference between DFDSX 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
WAHSX	0.13	0.03	(0.46)	(2.73)	0.00	(0.24)	0.43	(0.14)	0.86
FCSIX	0.12	0.04	(0.42)	(1.32)	0.00	(0.28)	0.60	(0.15)	0.92
CABIX	0.31	0.02	(0.21)	0.77	0.35	(0.34)	0.57	(0.72)	1.86
GMOZX	0.13	0.02	(0.46)	1.61	0.00	(0.18)	0.28	(0.33)	0.72
AGDAX	0.12	0.03	(0.42)	(1.79)	0.00	(0.24)	0.29	(0.28)	0.87
PHDTX	0.09	0.02	(0.58)	2.78	0.00	(0.15)	0.23	(0.11)	0.56
LBETX	0.22	0.04	(0.19)	(3.17)	0.21	(0.26)	0.45	(0.52)	1.42
RHMYX	0.24	0.05	(0.15)	(0.24)	0.33	(0.28)	0.53	(0.61)	1.98

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