Destinations Equity Correlations
DGEZX Fund | USD 12.14 0.11 0.91% |
The current 90-days correlation between Destinations Equity and Destinations International Equity is 0.69 (i.e., Poor diversification). The correlation of Destinations Equity 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.
Destinations Equity Correlation With Market
Very poor diversification
The correlation between Destinations Equity 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 Destinations Equity Income and DJI in the same portfolio, assuming nothing else is changed.
Destinations |
Moving together with Destinations Mutual Fund
0.81 | DLCFX | Destinations Large Cap | PairCorr |
0.8 | DLCZX | Destinations Large Cap | PairCorr |
0.82 | DSMFX | Destinations Small Mid | PairCorr |
0.84 | DSMZX | Destinations Small Mid | PairCorr |
1.0 | DGEFX | Destinations Equity | PairCorr |
0.62 | TEDRX | Franklin Mutual Global | PairCorr |
0.62 | FMDRX | Franklin Mutual Global | PairCorr |
0.62 | TEDIX | Franklin Mutual Global | PairCorr |
0.62 | MDISX | Franklin Mutual Global | PairCorr |
0.85 | BEGRX | Franklin Mutual Beacon Downward Rally | PairCorr |
Moving against Destinations Mutual Fund
Related Correlations Analysis
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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
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Risk-Adjusted Indicators
There is a big difference between Destinations Mutual Fund performing well and Destinations Equity 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 Destinations Equity'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
DIEZX | 0.62 | (0.20) | 0.00 | (0.30) | 0.00 | 1.00 | 8.44 | |||
DIEFX | 0.61 | (0.19) | 0.00 | (0.31) | 0.00 | 0.93 | 7.77 | |||
DLCFX | 0.76 | (0.19) | 0.00 | (0.09) | 0.00 | 0.99 | 18.47 | |||
DLDFX | 0.05 | (0.01) | 0.00 | 2.31 | 0.00 | 0.11 | 0.64 | |||
DLCZX | 0.85 | (0.26) | 0.00 | (0.11) | 0.00 | 1.01 | 22.98 | |||
DLDZX | 0.06 | (0.01) | 0.00 | (1.67) | 0.00 | 0.10 | 0.73 | |||
DMFFX | 0.14 | (0.03) | 0.00 | 0.89 | 0.00 | 0.21 | 1.14 | |||
DMFZX | 0.13 | (0.03) | 0.00 | 2.64 | 0.00 | 0.21 | 1.24 | |||
DMSFX | 0.13 | (0.01) | (0.12) | (0.02) | 0.15 | 0.28 | 1.04 | |||
DMSZX | 0.14 | 0.00 | (0.11) | (0.01) | 0.14 | 0.29 | 0.97 |