Duff Phelps Correlations

XDPGX Fund

USD 12.93 0.40 3.00%

The current 90-days correlation between Duff Phelps Global and Strategic Advisers Income is 0.08 (i.e., Significant diversification). The correlation of Duff Phelps 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.

Duff Phelps Correlation With Market

Average diversification

The correlation between Duff Phelps Global and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Duff Phelps Global and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Duff Phelps Global. 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 price.

Moving together with Duff Mutual Fund

0.62	UZE	United States Cellular	Pair Corr
0.74	DURPX	Us High Relative	Pair Corr
0.76	VVIMX	Voya Vacs Index	Pair Corr
0.75	FSRCX	Fidelity Advisor Str	Pair Corr
0.64	LIPIX	Blackrock Lifepath Idx	Pair Corr
0.69	FSBCX	Federated Global All	Pair Corr
0.7	USA	Liberty All Star	Pair Corr

Moving against Duff Mutual Fund

0.32	AQNB	Algonquin Power Utilities	Pair Corr
0.59	DXKSX	Direxion Monthly 7	Pair Corr
0.43	ACTVX	Zero Pon 2025	Pair Corr

Related Correlations Analysis

	FPIOX	PRHYX	JYHRX	PHDTX	SHYIX	MRHYX
FPIOX		0.94	0.95	0.9	0.99	0.96	FPIOX
PRHYX	0.94		0.9	0.93	0.93	0.92	PRHYX
JYHRX	0.95	0.9		0.93	0.94	0.98	JYHRX
PHDTX	0.9	0.93	0.93		0.89	0.92	PHDTX
SHYIX	0.99	0.93	0.94	0.89		0.96	SHYIX
MRHYX	0.96	0.92	0.98	0.92	0.96		MRHYX
	FPIOX	PRHYX	JYHRX	PHDTX	SHYIX	MRHYX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Duff Mutual Fund performing well and Duff Phelps 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 Duff Phelps' 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
FPIOX	0.15	0.02	(0.10)	0.45	0.00	(0.23)	0.57	(0.23)	1.04
PRHYX	0.15	0.02	(0.11)	0.65	0.00	(0.27)	0.51	(0.34)	1.36
JYHRX	0.12	0.01	(0.15)	0.22	0.00	(0.19)	0.31	(0.30)	0.77
PHDTX	0.12	0.00	(0.17)	0.01	0.14	(0.14)	0.22	(0.23)	0.79
SHYIX	0.14	0.01	(0.17)	0.32	0.00	(0.23)	0.50	(0.25)	1.11
MRHYX	0.12	0.01	(0.16)	0.43	0.00	(0.16)	0.24	(0.24)	0.59

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC