Dodge Stock Correlations

Mutual Funds . USA . 
Fund . Dodge Stock Fund
DODGX Fund  USD 267.00  1.12  0.42%   
The current 90-days correlation between Dodge Stock Fund and Dodge International Stock is 0.71 (i.e., Poor diversification). The correlation of Dodge Stock 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.

Dodge Stock Correlation With Market

Significant diversification

The correlation between Dodge Stock Fund and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dodge Stock Fund 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 Dodge Stock Fund. 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 Dodge Mutual Fund

  0.97VVIAX Vanguard Value IndexPairCorr
  1.0DOXGX Dodge Cox StockPairCorr
  0.97AFMFX American MutualPairCorr
  0.97FFMMX American Funds AmericanPairCorr
  0.97FFFMX American Funds AmericanPairCorr
  0.97AMRMX American MutualPairCorr
  0.97AMFFX American MutualPairCorr
  0.97AMFCX American MutualPairCorr
  0.97VIVAX Vanguard Value IndexPairCorr
  0.77GE GE AerospacePairCorr
  0.63DD Dupont De NemoursPairCorr
  0.79JPM JPMorgan ChasePairCorr
  0.69WMT WalmartPairCorr
  0.72MMM 3M CompanyPairCorr

Moving against Dodge Mutual Fund

  0.33USPSX Profunds UltrashortPairCorr
  0.33USPIX Profunds UltrashortPairCorr
  0.67MRK Merck CompanyPairCorr

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   
PTTRX
+ 0.99
DODIX
PTTRX
+ 0.92
DODFX
DODIX
+ 0.91
DODFX
DODBX
+ 0.9
DODFX
PTTRX
+ 0.83
DODBX
DODIX
+ 0.82
DODBX
  
High negative correlations   
FCNTX
- 0.46
PTTRX
FCNTX
- 0.46
DODIX
FCNTX
- 0.33
DODFX

Risk-Adjusted Indicators

There is a big difference between Dodge Mutual Fund performing well and Dodge Stock 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 Dodge Stock'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.

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