Davis Financial Correlations
| DVFYX Fund | USD 69.86 1.07 1.56% |
The current 90-days correlation between Davis Financial and Short Term Government Fund is 0.16 (i.e., Average diversification). The correlation of Davis Financial 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.
Davis Financial Correlation With Market
Poor diversification
The correlation between Davis Financial Fund and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Davis Financial Fund and DJI in the same portfolio, assuming nothing else is changed.
Davis |
Moving together with Davis Mutual Fund
| 0.94 | RPFGX | Davis Financial | PairCorr |
| 0.73 | RPFCX | Davis Appreciation Income | PairCorr |
| 0.66 | RPFRX | Davis Real Estate | PairCorr |
| 0.91 | RPEAX | Davis Opportunity | PairCorr |
| 0.81 | DNVYX | Davis New York | PairCorr |
| 0.66 | DRECX | Davis Real Estate | PairCorr |
| 0.81 | NYVCX | Davis New York | PairCorr |
| 0.92 | NYVBX | Davis New York | PairCorr |
| 0.92 | NYVRX | Davis New York | PairCorr |
| 0.81 | NYVTX | Davis New York | PairCorr |
| 0.73 | DCSCX | Davis Appreciation Income | PairCorr |
| 0.77 | DCSYX | Davis Appreciation Income | PairCorr |
| 0.84 | DFFCX | Davis Financial | PairCorr |
| 0.81 | DGOCX | Davis Opportunity | PairCorr |
| 0.87 | DGOYX | Davis Opportunity | PairCorr |
| 0.82 | VFAIX | Vanguard Financials Index | PairCorr |
| 0.73 | FRBCX | Regional Bank | PairCorr |
| 0.64 | JRGRX | Regional Bank | PairCorr |
| 0.89 | PRISX | T Rowe Price | PairCorr |
| 0.73 | FIDCX | Financial Industries | PairCorr |
| 0.73 | JFDRX | Financial Industries | PairCorr |
| 0.79 | TFIFX | T Rowe Price | PairCorr |
Related Correlations Analysis
| 0.95 | 0.98 | 0.97 | 0.96 | 0.96 | TWAVX | ||
| 0.95 | 0.96 | 0.97 | 0.96 | 0.97 | RGVBX | ||
| 0.98 | 0.96 | 0.94 | 0.93 | 0.94 | TWACX | ||
| 0.97 | 0.97 | 0.94 | 1.0 | 1.0 | AMUSX | ||
| 0.96 | 0.96 | 0.93 | 1.0 | 1.0 | RGVAX | ||
| 0.96 | 0.97 | 0.94 | 1.0 | 1.0 | UIGSX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Davis Mutual Fund performing well and Davis Financial 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 Davis Financial'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TWAVX | 0.07 | 0.01 | 0.31 | 0.69 | 0.00 | 0.22 | 0.55 | |||
| RGVBX | 0.24 | 0.02 | 0.19 | (0.40) | 0.20 | 0.52 | 1.39 | |||
| TWACX | 0.09 | 0.01 | 0.33 | (0.25) | 0.00 | 0.22 | 0.45 | |||
| AMUSX | 0.26 | 0.02 | 0.16 | 0.81 | 0.25 | 0.60 | 1.55 | |||
| RGVAX | 0.25 | 0.02 | 0.15 | 0.69 | 0.25 | 0.60 | 1.56 | |||
| UIGSX | 0.20 | 0.01 | 0.17 | 2.46 | 0.17 | 0.46 | 1.04 |