Duff Correlations

DPG Fund

USD 12.09 0.17 1.43%

The current 90-days correlation between Duff And Phelps and BlackRock Health Sciences is 0.39 (i.e., Weak diversification). The correlation of Duff 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.

Duff Correlation With Market

Modest diversification

The correlation between Duff And Phelps and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Duff And Phelps 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 Duff And Phelps. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Duff Fund

0.69	DUKB	Duke Energy Corp	Pair Corr
0.66	DTW	DTE Energy	Pair Corr
0.61	ETO	Eaton Vance Tax	Pair Corr
0.64	EMO	Clearbridge Energy Mlp	Pair Corr
0.79	GCFSX	Gabelli Global Financial	Pair Corr
0.63	CBORX	Calvert Bond	Pair Corr
0.71	DURCX	Deutsche European Equity	Pair Corr
0.64	FRSTX	Franklin Strategic Income	Pair Corr
0.64	ETABX	Eventide Limited Term	Pair Corr
0.69	WAFAX	Western Asset Inflation	Pair Corr
0.67	HMJCX	Hartford Municipal Short	Pair Corr
0.74	MHYRX	Mainstay High Yield	Pair Corr
0.72	VMSIX	Vanguard Multi Sector	Pair Corr
0.65	FTRRX	Franklin Total Return	Pair Corr
0.79	FERRX	First Eagle Funds	Pair Corr
0.67	ESMSX	Invesco European Small	Pair Corr
0.66	GSAUX	Goldman Sachs Long	Pair Corr
0.71	ADVLX	Advisory Research	Pair Corr
0.65	HLIPX	Jpmorgan E Plus	Pair Corr
0.63	TGLIX	Tglix	Pair Corr
0.67	XTBLX	Thornburg Income Builder	Pair Corr
0.66	GLDCX	Gabelli Gold Steady Growth	Pair Corr
0.63	FPCIX	Strategic Advisers	Pair Corr

Moving against Duff Fund

0.64	VVPR	VivoPower International	Pair Corr
0.46	NOVA	Sunnova Energy Inter	Pair Corr

Related Correlations Analysis

	BME	CII	BCX	UTF	JSD	JGH	AVK	NSL	BGB	THQ
BME		0.58	0.71	0.64	0.0	0.87	0.7	0.0	0.66	0.91	BME
CII	0.58		0.39	0.1	0.0	0.47	0.8	0.0	0.78	0.25	CII
BCX	0.71	0.39		0.69	0.0	0.71	0.66	0.0	0.49	0.67	BCX
UTF	0.64	0.1	0.69		0.0	0.74	0.47	0.0	0.44	0.78	UTF
JSD	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	JSD
JGH	0.87	0.47	0.71	0.74	0.0		0.75	0.0	0.72	0.85	JGH
AVK	0.7	0.8	0.66	0.47	0.0	0.75		0.0	0.85	0.51	AVK
NSL	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	NSL
BGB	0.66	0.78	0.49	0.44	0.0	0.72	0.85	0.0		0.48	BGB
THQ	0.91	0.25	0.67	0.78	0.0	0.85	0.51	0.0	0.48		THQ
	BME	CII	BCX	UTF	JSD	JGH	AVK	NSL	BGB	THQ

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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

THQ	+ 0.91	BME
JGH	+ 0.87	BME
THQ	+ 0.85	JGH
BGB	+ 0.85	AVK
AVK	+ 0.8	CII
BGB	+ 0.78	CII

High negative correlations

THQ	- 0.0	NSL
BGB	- 0.0	NSL
NSL	- 0.0	AVK
NSL	- 0.0	JGH
THQ	- 0.0	JSD
BGB	- 0.0	JSD

Risk-Adjusted Indicators

There is a big difference between Duff Fund performing well and Duff 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 Duff'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
BME	0.62	0.04	0.13	(0.02)	0.73	(0.69)	1.10	(1.29)	3.50
CII	0.76	(0.03)	0.00	(0.16)	0.00	0.00	1.36	(1.82)	4.39
BCX	0.89	0.09	0.12	0.04	1.07	(0.95)	1.68	(1.56)	4.29
UTF	0.69	0.01	0.00	(0.08)	0.00	0.00	1.61	(1.66)	3.59
JSD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JGH	0.39	0.00	0.00	(0.10)	0.00	0.00	0.62	(0.88)	2.33
AVK	0.61	(0.02)	0.00	(0.15)	0.00	0.00	1.15	(1.08)	4.91
NSL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BGB	0.41	(0.02)	0.00	(0.18)	0.00	0.00	0.75	(0.90)	3.04
THQ	0.87	0.09	0.11	0.02	1.04	(0.92)	1.73	(1.78)	4.40

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