Davis Financial Correlations

Mutual Funds . USA . 
Fund . Davis Financial Fund
DFFCX Fund  USD 56.00  0.26  0.47%   
The current 90-days correlation between Davis Financial and Tiaa Cref Inflation Link is -0.07 (i.e., Good 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 0.78 (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.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Davis Financial Fund. 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 main economic indicators.

Moving together with Davis Mutual Fund

  0.64RPFGX Davis FinancialPairCorr
  0.98RPFCX Davis Appreciation IncomePairCorr
  0.77RPFRX Davis Real EstatePairCorr
  0.98RPEAX Davis OpportunityPairCorr
  0.83DNVYX Davis New YorkPairCorr
  0.67NYVCX Davis New YorkPairCorr
  0.99NYVBX Davis New YorkPairCorr
  0.99NYVRX Davis New YorkPairCorr
  0.99NYVTX Davis New YorkPairCorr
  0.8DCSYX Davis Appreciation IncomePairCorr
  0.63DVFYX Davis FinancialPairCorr
  0.62DGFCX Davis GlobalPairCorr
  0.62DGFAX Davis GlobalPairCorr
  0.97DGFYX Davis GlobalPairCorr
  0.67DGOCX Davis OpportunityPairCorr
  0.65VFAIX Vanguard Financials IndexPairCorr
  0.62JRGRX Regional BankPairCorr
  0.64PRISX T Rowe PricePairCorr
  0.64TFIFX T Rowe PricePairCorr
  0.64ASG Liberty All StarPairCorr
  0.64CII Blackrock EnhancedPairCorr
  0.63ETV Eaton Vance TaxPairCorr
  0.71CLM Cornerstone StrategicPairCorr
  0.74CRF Cornerstone StrategicPairCorr
  0.65USA Liberty All StarPairCorr
  0.67ETY Eaton Vance TaxPairCorr
  0.68NFJ Virtus Dividend InterestPairCorr
  0.65FMSDX Fidelity Advisor MultiPairCorr

Related Correlations Analysis

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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.

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