Davis Select Correlations

DWLD Etf

USD 37.96 0.43 1.12%

The current 90-days correlation between Davis Select Worldwide and iShares MSCI ACWI is 0.57 (i.e., Very weak diversification). The correlation of Davis Select 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.

Davis Select Correlation With Market

Good diversification

The correlation between Davis Select Worldwide and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Davis Select Worldwide 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 Davis Select Worldwide. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Davis Etf

0.7	VT	Vanguard Total World	Pair Corr
0.7	ACWI	iShares MSCI ACWI	Pair Corr
0.63	CRBN	iShares MSCI ACWI	Pair Corr
0.61	SPGM	SPDR Portfolio MSCI	Pair Corr
0.65	USD	ProShares Ultra Semi	Pair Corr
0.64	CSCO	Cisco Systems	Pair Corr
0.76	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.64	HD	Home Depot	Pair Corr
0.72	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr

Moving against Davis Etf

0.71	NRGU	Bank Of Montreal	Pair Corr
0.55	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.47	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.31	VZ	Verizon Communications Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	ACWI	IOO	URTH	CRBN	GLOV	KOKU	SPGM
ACWI		0.88	0.91	0.92	0.78	0.9	0.91	ACWI
IOO	0.88		0.91	0.92	0.73	0.9	0.91	IOO
URTH	0.91	0.91		0.99	0.89	0.99	0.97	URTH
CRBN	0.92	0.92	0.99		0.87	0.98	0.98	CRBN
GLOV	0.78	0.73	0.89	0.87		0.86	0.89	GLOV
KOKU	0.9	0.9	0.99	0.98	0.86		0.95	KOKU
SPGM	0.91	0.91	0.97	0.98	0.89	0.95		SPGM
	ACWI	IOO	URTH	CRBN	GLOV	KOKU	SPGM

Click cells to compare fundamentals

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Davis Select Constituents Risk-Adjusted Indicators

There is a big difference between Davis Etf performing well and Davis Select ETF 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 Select'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
ACWI	0.46	0.07	0.00	2.59	0.43	(0.53)	1.12	(0.88)	3.29
IOO	0.53	0.05	0.02	0.16	0.65	(0.55)	1.15	(1.29)	4.09
URTH	0.47	0.03	0.00	0.12	0.46	(0.51)	0.98	(0.99)	3.36
CRBN	0.46	0.04	0.01	0.14	0.41	(0.51)	1.17	(0.92)	3.09
GLOV	0.46	(0.02)	(0.11)	0.03	0.48	(0.51)	0.89	(0.88)	2.62
KOKU	0.45	0.03	0.01	0.13	0.47	(0.47)	0.89	(0.94)	3.16
SPGM	0.47	0.02	(0.01)	0.11	0.44	(0.52)	1.15	(0.90)	3.11

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