Destinations Global Correlations

DGFFX Fund

USD 9.43 0.01 0.11%

The current 90-days correlation between Destinations Global Fixed and Fidelity Advisor Financial is 0.43 (i.e., Very weak diversification). The correlation of Destinations Global 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 Global Correlation With Market

Very weak diversification

The correlation between Destinations Global Fixed and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Destinations Global Fixed 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 Destinations Global Fixed. 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 census.

Moving together with Destinations Mutual Fund

0.79	DIEZX	Destinations International	Pair Corr
0.76	DIEFX	Destinations International	Pair Corr
0.86	DMFFX	Destinations Municipal	Pair Corr
0.75	DMFZX	Destinations Municipal	Pair Corr
0.79	DCFFX	Destinations Core Fixed	Pair Corr
0.8	DCFZX	Destinations Core Fixed	Pair Corr
0.94	DGEZX	Destinations Equity	Pair Corr
0.69	DGEFX	Destinations Equity	Pair Corr
1.0	DGFZX	Destinations Global Fixed	Pair Corr
0.84	FGBRX	Templeton Global Bond	Pair Corr
0.84	FBNRX	Templeton Global Bond	Pair Corr
0.82	RCWBX	Capital World Bond	Pair Corr
0.83	CCWFX	Capital World Bond	Pair Corr
0.84	CCWCX	Capital World Bond	Pair Corr
0.83	RCWEX	Capital World Bond	Pair Corr
0.84	CCWEX	Capital World Bond	Pair Corr
0.84	RCWCX	Capital World Bond	Pair Corr
0.83	RCWGX	Capital World Bond	Pair Corr
0.83	RCWFX	Capital World Bond	Pair Corr
0.74	NHS	Neuberger Berman High	Pair Corr
0.72	SMGAX	Saat Servative Strategy	Pair Corr
0.81	PISDX	Columbia Pyrford Int	Pair Corr
0.71	PDI	Pimco Dynamic Income	Pair Corr
0.72	EMQCX	Ashmore Emerging Markets	Pair Corr
0.65	PDFAX	Low Duration	Pair Corr
0.72	ESIIX	Eaton Vance Short	Pair Corr
0.77	FTGSX	Federated Total Return	Pair Corr
0.7	FPXTX	Fidelity Pennsylvania	Pair Corr
0.78	JDFNX	Janus Flexible Bond	Pair Corr

Moving against Destinations Mutual Fund

0.56	DSMFX	Destinations Small Mid	Pair Corr
0.56	DSMZX	Destinations Small Mid	Pair Corr
0.33	DMSZX	Destinations Multi	Pair Corr

Related Correlations Analysis

	FIKBX	PSSRX	IAAEX	SBFAX	FNPIX	PRISX
FIKBX		0.97	0.48	0.92	0.83	0.89	FIKBX
PSSRX	0.97		0.63	0.83	0.78	0.88	PSSRX
IAAEX	0.48	0.63		0.29	0.27	0.46	IAAEX
SBFAX	0.92	0.83	0.29		0.92	0.87	SBFAX
FNPIX	0.83	0.78	0.27	0.92		0.9	FNPIX
PRISX	0.89	0.88	0.46	0.87	0.9		PRISX
	FIKBX	PSSRX	IAAEX	SBFAX	FNPIX	PRISX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Destinations Mutual Fund performing well and Destinations Global 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 Global'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
FIKBX	0.89	(0.03)	(0.10)	1.66	(2.69)	6.29
PSSRX	0.97	(0.10)	(0.16)	1.69	(3.18)	6.03
IAAEX	0.80	(0.12)	(0.32)	1.41	(1.48)	9.17
SBFAX	0.76	0.01	(0.06)	1.65	(1.92)	5.22
FNPIX	1.23	(0.03)	0.57	2.08	(3.48)	9.08
PRISX	0.93	(0.12)	(0.51)	1.50	(3.03)	6.69

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC