Dearborn Partners Correlations
| DRDAX Fund | USD 25.25 0.09 0.36% |
The current 90-days correlation between Dearborn Partners Rising and International Investors Gold is 0.09 (i.e., Significant diversification). The correlation of Dearborn Partners 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.
Dearborn Partners Correlation With Market
Very weak diversification
The correlation between Dearborn Partners Rising and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dearborn Partners Rising and DJI in the same portfolio, assuming nothing else is changed.
Dearborn |
Moving together with Dearborn Mutual Fund
| 0.62 | VZ | Verizon Communications Earnings Call Tomorrow | PairCorr |
| 0.8 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.79 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.74 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.88 | AA | Alcoa Corp | PairCorr |
| 0.82 | TRV | The Travelers Companies | PairCorr |
Moving against Dearborn Mutual Fund
Related Correlations Analysis
| -0.35 | 0.92 | 0.99 | 0.53 | 0.91 | IIGCX | ||
| -0.35 | -0.45 | -0.31 | 0.12 | -0.26 | MXKJX | ||
| 0.92 | -0.45 | 0.88 | 0.28 | 0.79 | UNWPX | ||
| 0.99 | -0.31 | 0.88 | 0.61 | 0.94 | OGMCX | ||
| 0.53 | 0.12 | 0.28 | 0.61 | 0.63 | VGSBX | ||
| 0.91 | -0.26 | 0.79 | 0.94 | 0.63 | XGGNX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Dearborn Mutual Fund performing well and Dearborn Partners 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 Dearborn Partners' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IIGCX | 1.33 | (0.07) | 0.00 | (0.42) | 0.00 | 2.63 | 8.66 | |||
| MXKJX | 0.95 | 0.01 | 0.00 | 0.08 | 2.37 | 1.42 | 26.05 | |||
| UNWPX | 1.23 | (0.06) | 0.00 | (0.58) | 0.00 | 2.60 | 6.73 | |||
| OGMCX | 1.33 | (0.10) | 0.00 | (0.35) | 0.00 | 2.69 | 8.94 | |||
| VGSBX | 0.26 | (0.04) | 0.00 | (0.46) | 0.00 | 0.53 | 1.83 | |||
| XGGNX | 0.70 | (0.09) | 0.00 | (0.37) | 0.00 | 1.25 | 4.75 |