Destinations Global Correlations

Mutual Funds . USA . 
Fund . Destinations Global Fixed
DGFFX Fund  USD 9.47  0.01  0.11%   
The current 90-days correlation between Destinations Global Fixed and Destinations International Equity is 0.12 (i.e., Average diversification). The correlation of Destinations Global 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.

Destinations Global Correlation With Market

Good diversification

The correlation between Destinations Global Fixed and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Destinations Global Fixed 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 Destinations Global Fixed. 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 census.

Moving together with Destinations Mutual Fund

  0.62DIEZX Destinations InternationalPairCorr
  0.67DIEFX Destinations InternationalPairCorr
  0.63DLCFX Destinations Large CapPairCorr
  0.98DLDFX Destinations Low DurationPairCorr
  0.98DLCZX Destinations Large CapPairCorr
  0.98DLDZX Destinations Low DurationPairCorr
  0.88DMFFX Destinations MunicipalPairCorr
  0.87DMFZX Destinations MunicipalPairCorr
  0.98DMSFX Destinations MultiPairCorr
  0.97DRAFX Destinations Real AssetsPairCorr
  0.98DSHFX Brinker Capital DestPairCorr
  0.98DSMFX Destinations Small MidPairCorr
  0.98DSMZX Destinations Small MidPairCorr
  0.69DCFFX Destinations Core FixedPairCorr
  0.69DCFZX Destinations Core FixedPairCorr
  0.98DGEZX Destinations EquityPairCorr
  0.98DGEFX Destinations EquityPairCorr
  1.0DGFZX Destinations Global FixedPairCorr
  0.95FBNRX Templeton Global BondPairCorr
  0.71RCWBX Capital World BondPairCorr
  0.73RCWEX Capital World BondPairCorr
  0.95CPAYX Columbia Pacific/asiaPairCorr
  0.97CASAX Columbia Pacific/asiaPairCorr
  0.62CCCZX Center St BrookfieldPairCorr
  0.97CASCX Columbia PacificasiaPairCorr
  0.97MSHLX Growth Portfolio Class Steady GrowthPairCorr
  0.98MSKLX Mid Cap GrowthPairCorr
  0.98CISGX Touchstone Sands CapitalPairCorr
  0.96JMSFX Jpmorgan IncomePairCorr
  0.97ABLSX American Beacon BalancedPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Destinations Mutual Fund performing well and Destinations Global 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 Destinations Global'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
DIEZX  0.45  0.12  0.05  0.49  0.26 
(0.53)
 1.11 
(0.81)
 2.94 
DIEFX  0.45  0.19  0.06 (1.62) 0.29 
(0.54)
 1.09 
(0.83)
 3.01 
DLCFX  0.65  0.28  0.11 (0.91) 0.58 
(0.78)
 2.04 
(0.76)
 6.63 
DLDFX  0.07  0.03 (0.97)(1.26) 0.00 
(0.12)
 0.11 
(0.11)
 0.33 
DLCZX  0.66  0.22  0.09  27.12  0.51 
(0.82)
 1.95 
(1.25)
 5.79 
DLDZX  0.07  0.03 (0.97)(2.21) 0.00 
(0.12)
 0.21 
(0.10)
 0.32 
DMFFX  0.10  0.01 (0.70)(0.23) 0.02 
(0.14)
 0.21 
(0.11)
 0.75 
DMFZX  0.11  0.01 (0.81)(0.57) 0.00 
(0.14)
 0.21 
(0.21)
 0.75 
DMSFX  0.15  0.05 (0.34)(2.01) 0.00 
(0.20)
 0.40 
(0.29)
 1.09 
DMSZX  0.13  0.03 (0.44) 0.37  0.00 
(0.19)
 0.31 
(0.21)
 0.92 

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