Continental Small Correlations

Mutual Funds . USA . 
Fund . Continental Small Pany
DFCSX Fund  USD 37.11  0.17  0.46%   
The current 90-days correlation between Continental Small Pany and Hennessy Gas Utility is 0.75 (i.e., Poor diversification). The correlation of Continental Small 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.

Continental Small Correlation With Market

Poor diversification

The correlation between Continental Small Pany and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Continental Small Pany 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 Continental Small Pany. 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 state.

Moving together with Continental Mutual Fund

  0.89DIHRX Intal High RelativePairCorr
  0.99DILRX Dfa InternationalPairCorr
  0.99DISVX Dfa International SmallPairCorr
  1.0DISMX Dfa InternationalPairCorr
  0.79DMNBX Dfa Mn MunicipalPairCorr
  0.7DNYMX Dfa Ny MunicipalPairCorr
  0.96DREIX World Core EquityPairCorr
  0.92DRIIX Dimensional 2045 TargetPairCorr
  0.91DRIHX Dimensional 2040 TargetPairCorr
  0.88DRIGX Dimensional 2035 TargetPairCorr
  0.85DRIWX Dimensional 2030 TargetPairCorr
  0.81DRIUX Dimensional 2025 TargetPairCorr
  0.83DRIRX Dimensional 2020 TargetPairCorr
  0.89DRIQX Dimensional 2015 TargetPairCorr
  0.92DRILX Dimensional 2060 TargetPairCorr
  0.96DRIKX Dimensional 2055 TargetPairCorr
  0.92DRIJX Dimensional 2050 TargetPairCorr
  0.98DAADX Dfa Emerging MarketsPairCorr
  0.87DAABX Dfa SustainabilityPairCorr
  1.0DSCLX Dfa International SocialPairCorr
  0.88DSCGX Dfa SmallPairCorr
  0.95DSHGX Dfa Selectively HedgedPairCorr
  0.64DSSMX Dfa Selective StatePairCorr
  0.89DTCPX Dfa Targeted CreditPairCorr
  0.77DCARX Dfa California MunicipalPairCorr
  0.91DURPX Us High RelativePairCorr
  0.94DUSQX Us Lg CapPairCorr
  0.91DUSLX Dfa LargePairCorr
  0.97DEMSX Emerging Markets SmallPairCorr
  0.96DEMGX Emerging Markets TargetedPairCorr
  0.62DWFIX Dfa World ExPairCorr
  0.97DESIX Emerging Markets SusPairCorr
  0.99DFALX Large Cap InternationalPairCorr

Moving against Continental Mutual Fund

  0.36DRXIX Dfa Ltip PortfolioPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Continental Mutual Fund performing well and Continental Small 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 Continental Small'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.

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