Df Dent Correlations

DFMGX Fund

USD 36.38 0.05 0.14%

The current 90-days correlation between Df Dent Midcap and Clearbridge Energy Mlp is -0.01 (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

Poor diversification

The correlation between Df Dent Midcap and DJI is 0.79 (i.e., Poor 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 price.

Moving together with DFMGX Mutual Fund

0.82	DFDSX	Df Dent Small	Pair Corr
0.9	DFDPX	Df Dent Premier	Pair Corr
0.83	DFDMX	Df Dent Midcap	Pair Corr
1.0	DFMLX	Df Dent Midcap	Pair Corr
0.73	DFSGX	Df Dent Small	Pair Corr
0.86	PAMCX	T Rowe Price	Pair Corr
0.78	RRMGX	T Rowe Price	Pair Corr
0.79	TRQZX	T Rowe Price	Pair Corr
0.86	RPMGX	T Rowe Price	Pair Corr
0.86	PRJIX	T Rowe Price	Pair Corr
0.66	PRNHX	T Rowe Price	Pair Corr
0.86	TRUZX	T Rowe Price	Pair Corr
0.95	PCBIX	Midcap Fund Institutional	Pair Corr
0.96	PEMGX	Midcap Fund Class	Pair Corr
0.81	PMBCX	Midcap Fund Class	Pair Corr
0.85	CISGX	Touchstone Sands Capital	Pair Corr

Moving against DFMGX Mutual Fund

0.66

WLATTX

Wlattx

Pair Corr

Related Correlations Analysis

	XEMOX	PEO	SEPIX	XGNTX	GRHAX	ENPSX	TREIX
XEMOX		0.83	0.85	0.71	0.63	0.82	0.51	XEMOX
PEO	0.83		0.93	0.64	0.62	0.97	0.46	PEO
SEPIX	0.85	0.93		0.71	0.74	0.95	0.37	SEPIX
XGNTX	0.71	0.64	0.71		0.31	0.6	0.76	XGNTX
GRHAX	0.63	0.62	0.74	0.31		0.68	-0.17	GRHAX
ENPSX	0.82	0.97	0.95	0.6	0.68		0.37	ENPSX
TREIX	0.51	0.46	0.37	0.76	-0.17	0.37		TREIX
	XEMOX	PEO	SEPIX	XGNTX	GRHAX	ENPSX	TREIX

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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

ENPSX	+ 0.97	PEO
ENPSX	+ 0.95	SEPIX
SEPIX	+ 0.93	PEO
SEPIX	+ 0.85	XEMOX
PEO	+ 0.83	XEMOX
ENPSX	+ 0.82	XEMOX

High negative correlations

TREIX

- 0.17

GRHAX

Risk-Adjusted Indicators

There is a big difference between DFMGX 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
XEMOX	1.15	0.09	0.10	(0.99)	1.47	(1.22)	2.29	(2.24)	6.66
PEO	0.88	0.09	0.10	0.13	1.22	(0.77)	1.79	(1.87)	5.71
SEPIX	0.75	0.05	0.08	0.02	1.03	(0.77)	1.44	(1.79)	4.34
XGNTX	0.60	0.04	0.11	0.48	0.86	(0.61)	1.26	(1.27)	3.07
GRHAX	1.23	(0.02)	0.00	(0.26)	0.00	0.00	2.46	(3.31)	8.53
ENPSX	1.53	0.15	0.07	0.10	2.19	(1.39)	3.17	(3.59)	8.59
TREIX	0.07	0.02	0.52	2.15	0.00	(0.12)	0.10	(0.10)	0.40

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