Dearborn Partners Correlations

Mutual Funds . USA . 
Fund . Dearborn Partners Rising
DRDIX Fund  USD 25.28  0.13  0.51%   
The current 90-days correlation between Dearborn Partners Rising and Dearborn Partners Rising is 1.0 (i.e., No risk reduction). 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

Modest diversification

The correlation between Dearborn Partners Rising and DJI is 0.22 (i.e., Modest 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.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dearborn Partners Rising. 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 gross domestic product.

Moving together with Dearborn Mutual Fund

  1.0DRDCX Dearborn Partners RisingPairCorr
  1.0DRDAX Dearborn Partners RisingPairCorr
  0.67ETY Eaton Vance TaxPairCorr
  0.65RNTTX International DevelopedPairCorr
  0.64NSBDX North Star BondPairCorr
  0.64LPXRX Cohen Steers LowPairCorr
  0.66FRINX Fidelity Real EstatePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
DRDIX  0.61 (0.03) 0.00 (0.25) 0.00 
 0.00 
 1.11 
(1.19)
 3.32 
DRDCX  0.61 (0.04) 0.00 (0.27) 0.00 
 0.00 
 1.09 
(1.16)
 3.28 
DRDAX  0.61 (0.03) 0.00 (0.26) 0.00 
 0.00 
 1.12 
(1.15)
 3.33 
BXEIX  0.21  0.03  0.45 (0.57) 0.00 
(0.33)
 0.55 
(0.27)
 1.21 
ARBCX  0.14  0.02  0.36  0.12  0.14 
(0.17)
 0.25 
(0.33)
 1.08 
CWFIX  0.08  0.01  0.74  0.09  0.00 
(0.12)
 0.11 
(0.11)
 0.53 
PIPNX  0.17  0.02  0.38  0.32  0.12 
(0.22)
 0.39 
(0.29)
 1.06 
ARBFX  0.15  0.02  0.40  0.17  0.13 
(0.17)
 0.31 
(0.31)
 0.93 
SSTHX  0.10 (0.01) 0.53  0.06  0.06 
(0.20)
 0.26 
(0.25)
 0.77 
RYMEX  0.59  0.07  0.23  0.82  0.59 
(0.68)
 1.32 
(1.15)
 4.69 

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