Dodge Cox Correlations

Mutual Funds . USA . 
Fund . Dodge Global Stock
DODWX Fund  USD 14.77  0.09  0.61%   
The current 90-days correlation between Dodge Global Stock and Siit Emerging Markets is 0.31 (i.e., Weak diversification). The correlation of Dodge Cox 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 Cox Correlation With Market

Weak diversification

The correlation between Dodge Global Stock and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dodge Global Stock 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 Global Stock. 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 housing.

Moving together with Dodge Mutual Fund

  0.79DODGX Dodge Stock FundPairCorr
  0.74DODLX Dodge Global BondPairCorr
  0.64DODIX Dodge IncomePairCorr
  1.0DOXWX Dodge Cox GlobalPairCorr
  0.87TEDRX Franklin Mutual GlobalPairCorr
  0.87FMDRX Franklin Mutual GlobalPairCorr
  0.68TRZRX T Rowe PricePairCorr
  0.87TEDIX Franklin Mutual GlobalPairCorr
  0.79MDISX Franklin Mutual GlobalPairCorr
  0.79TEDSX Franklin Mutual GlobalPairCorr
  0.68PRAFX T Rowe PricePairCorr
  0.77BEGRX Franklin Mutual BeaconPairCorr
  0.72UGPIX Ultrachina ProfundPairCorr
  0.62HWACX Hotchkis Wiley ValuePairCorr
  0.64USGDX Morgan Stanley GovernmentPairCorr
  0.64EBSIX Campbell Systematic MacroPairCorr
  0.73GIOIX Guggenheim Macro OppPairCorr
  0.73BISMX Brandes InternationalPairCorr
  0.64HRBDX Harbor Bond FundPairCorr
  0.61ABNOX Ab Bond InflationPairCorr
  0.72VICSX Vanguard Intermediate-terPairCorr
  0.72DBIWX Dws Global MacroPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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