Dodge Cox Correlations

DOXGX Fund

USD 268.19 0.34 0.13%

The current 90-days correlation between Dodge Cox Stock and Gmo Quality Fund is 0.84 (i.e., Very poor 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

Very poor diversification

The correlation between Dodge Cox Stock and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dodge Cox 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 Cox 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 price.

Moving together with Dodge Mutual Fund

1.0	DODGX	Dodge Stock Fund	Pair Corr
0.84	DODBX	Dodge Balanced	Pair Corr
0.84	DOXBX	Dodge Cox Balanced	Pair Corr
0.8	DOXWX	Dodge Cox Global	Pair Corr
0.97	VVIAX	Vanguard Value Index	Pair Corr
0.91	AFMFX	American Mutual	Pair Corr
0.97	FFMMX	American Funds American	Pair Corr
0.97	FFFMX	American Funds American	Pair Corr
0.97	AMRMX	American Mutual	Pair Corr
0.97	AMFFX	American Mutual	Pair Corr
0.97	AMFCX	American Mutual	Pair Corr
0.97	VIVAX	Vanguard Value Index	Pair Corr
0.64	LSHUX	Horizon Spin Off Downward Rally	Pair Corr
0.7	KNPYX	Kinetics Paradigm Downward Rally	Pair Corr
0.75	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.75	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.82	RBBCX	Columbia Income Builder	Pair Corr
0.65	UUPIX	Ultraemerging Markets	Pair Corr
0.78	OSCIX	Oppenheimer Intl Small	Pair Corr
0.94	SAAAX	Simt Multi Asset	Pair Corr

Related Correlations Analysis

	GQESX	REMVX	AUERX	LOGBX	BXDCX	CENTX	ARTQX
GQESX		0.2	0.38	0.62	0.11	0.25	0.79	GQESX
REMVX	0.2		-0.42	0.71	0.78	0.92	0.03	REMVX
AUERX	0.38	-0.42		-0.03	-0.68	-0.5	0.62	AUERX
LOGBX	0.62	0.71	-0.03		0.58	0.76	0.57	LOGBX
BXDCX	0.11	0.78	-0.68	0.58		0.89	-0.22	BXDCX
CENTX	0.25	0.92	-0.5	0.76	0.89		0.0	CENTX
ARTQX	0.79	0.03	0.62	0.57	-0.22	0.0		ARTQX
	GQESX	REMVX	AUERX	LOGBX	BXDCX	CENTX	ARTQX

Click cells to compare fundamentals

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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

CENTX	+ 0.92	REMVX
CENTX	+ 0.89	BXDCX
ARTQX	+ 0.79	GQESX
BXDCX	+ 0.78	REMVX
CENTX	+ 0.76	LOGBX
LOGBX	+ 0.71	REMVX

High negative correlations

BXDCX	- 0.68	AUERX
CENTX	- 0.5	AUERX
AUERX	- 0.42	REMVX
ARTQX	- 0.22	BXDCX
LOGBX	- 0.03	AUERX
ARTQX	- 0.0	CENTX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GQESX	0.62	0.02	0.00	(0.03)	0.00	0.00	1.23	(1.52)	3.87
REMVX	0.80	0.09	0.12	0.12	0.94	(0.87)	1.67	(1.56)	5.76
AUERX	0.84	(0.06)	0.00	(0.15)	0.00	0.00	1.57	(2.24)	4.19
LOGBX	0.52	0.00	0.00	(0.06)	0.00	0.00	0.83	(1.17)	4.19
BXDCX	0.08	0.01	0.63	(0.30)	0.00	(0.15)	0.22	(0.11)	0.54
CENTX	0.48	0.07	0.21	(1.16)	0.50	(0.54)	1.09	(0.87)	3.07
ARTQX	0.73	(0.03)	0.00	(0.11)	0.00	0.00	1.39	(1.55)	3.11

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