Destinations Large Correlations

DLCFX Fund

USD 15.43 0.16 1.05%

The current 90-days correlation between Destinations Large Cap and Destinations International Equity is 0.79 (i.e., Poor diversification). The correlation of Destinations Large 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 Large Correlation With Market

Poor diversification

The correlation between Destinations Large Cap and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Destinations Large Cap 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 Large Cap. 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

0.99	DLCZX	Destinations Large Cap	Pair Corr
0.64	DMSFX	Destinations Multi	Pair Corr
0.63	DMSZX	Destinations Multi	Pair Corr
0.91	DSMFX	Destinations Small Mid	Pair Corr
0.95	DSMZX	Destinations Small Mid	Pair Corr
0.81	DGEZX	Destinations Equity	Pair Corr
0.81	DGEFX	Destinations Equity	Pair Corr
0.62	VTSAX	Vanguard Total Stock	Pair Corr
0.61	VFIAX	Vanguard 500 Index	Pair Corr
0.62	VTSMX	Vanguard Total Stock	Pair Corr
0.62	VITSX	Vanguard Total Stock	Pair Corr
0.62	VSMPX	Vanguard Total Stock	Pair Corr
0.62	VSTSX	Vanguard Total Stock	Pair Corr
0.61	VFINX	Vanguard 500 Index	Pair Corr
0.61	VFFSX	Vanguard 500 Index	Pair Corr
0.61	VINIX	Vanguard Institutional	Pair Corr
0.61	VIIIX	Vanguard Institutional	Pair Corr
0.61	LSHUX	Horizon Spin Off	Pair Corr
0.61	EMO	Clearbridge Energy Mlp	Pair Corr

Moving against Destinations Mutual Fund

0.45	DLDFX	Destinations Low Duration	Pair Corr
0.41	DLDZX	Destinations Low Duration	Pair Corr

Related Correlations Analysis

	DIEZX	DIEFX	DLCFX	DLDFX	DLCZX	DLDZX	DMFFX	DMFZX	DMSFX	DMSZX
DIEZX		1.0	0.08	0.68	0.2	0.67	0.55	0.49	-0.57	-0.57	DIEZX
DIEFX	1.0		0.05	0.69	0.16	0.69	0.54	0.48	-0.59	-0.59	DIEFX
DLCFX	0.08	0.05		-0.45	0.99	-0.41	0.26	0.29	0.64	0.63	DLCFX
DLDFX	0.68	0.69	-0.45		-0.36	0.97	0.18	0.14	-0.75	-0.75	DLDFX
DLCZX	0.2	0.16	0.99	-0.36		-0.32	0.3	0.32	0.54	0.53	DLCZX
DLDZX	0.67	0.69	-0.41	0.97	-0.32		0.2	0.16	-0.71	-0.71	DLDZX
DMFFX	0.55	0.54	0.26	0.18	0.3	0.2		0.99	-0.12	-0.12	DMFFX
DMFZX	0.49	0.48	0.29	0.14	0.32	0.16	0.99		-0.05	-0.06	DMFZX
DMSFX	-0.57	-0.59	0.64	-0.75	0.54	-0.71	-0.12	-0.05		1.0	DMSFX
DMSZX	-0.57	-0.59	0.63	-0.75	0.53	-0.71	-0.12	-0.06	1.0		DMSZX
	DIEZX	DIEFX	DLCFX	DLDFX	DLCZX	DLDZX	DMFFX	DMFZX	DMSFX	DMSZX

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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

DIEFX	+ 1.0	DIEZX
DMSZX	+ 1.0	DMSFX
DLCZX	+ 0.99	DLCFX
DMFZX	+ 0.99	DMFFX
DLDZX	+ 0.97	DLDFX
DLDFX	+ 0.69	DIEFX

High negative correlations

DMSZX	- 0.75	DLDFX
DMSFX	- 0.75	DLDFX
DMSZX	- 0.71	DLDZX
DMSFX	- 0.71	DLDZX
DMSZX	- 0.59	DIEFX
DMSFX	- 0.59	DIEFX

Risk-Adjusted Indicators

There is a big difference between Destinations Mutual Fund performing well and Destinations Large 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 Large'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	0.00	1.00	(1.27)	8.44
DIEFX	0.61	(0.19)	0.00	(0.31)	0.00	0.00	0.93	(1.31)	7.77
DLCFX	0.76	(0.19)	0.00	(0.09)	0.00	0.00	0.99	(0.92)	18.47
DLDFX	0.05	(0.01)	0.00	2.31	0.00	0.00	0.11	(0.11)	0.64
DLCZX	0.85	(0.26)	0.00	(0.11)	0.00	0.00	1.01	(0.92)	22.98
DLDZX	0.06	(0.01)	0.00	(1.67)	0.00	0.00	0.10	(0.10)	0.73
DMFFX	0.14	(0.03)	0.00	0.89	0.00	0.00	0.21	(0.31)	1.14
DMFZX	0.13	(0.03)	0.00	2.64	0.00	0.00	0.21	(0.31)	1.24
DMSFX	0.13	(0.01)	(0.12)	(0.02)	0.15	(0.16)	0.28	(0.28)	1.04
DMSZX	0.14	0.00	(0.11)	(0.01)	0.14	(0.17)	0.29	(0.29)	0.97

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