Davis Global Correlations

Mutual Funds . USA . 
Fund . Davis Global Fund
DGFYX Fund  USD 31.66  0.06  0.19%   
The current 90-days correlation between Davis Global and Davis International Fund is -0.07 (i.e., Good diversification). The correlation of Davis 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.

Davis Global Correlation With Market

Good diversification

The correlation between Davis Global Fund and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Davis Global 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 Global 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 manufacturing.

Moving together with Davis Mutual Fund

  0.98DILCX Davis InternationalPairCorr
  1.0DILAX Davis InternationalPairCorr
  0.98DILYX Davis InternationalPairCorr
  0.97RPFGX Davis FinancialPairCorr
  0.98RPFCX Davis Appreciation IncomePairCorr
  0.85RPFRX Davis Real EstatePairCorr
  0.98RPEAX Davis OpportunityPairCorr
  0.97DNVYX Davis New YorkPairCorr
  0.76RFBAX Davis Government BondPairCorr
  0.81DREYX Davis Real EstatePairCorr
  0.79DRECX Davis Real EstatePairCorr
  0.98NYVCX Davis New YorkPairCorr
  0.99NYVBX Davis New YorkPairCorr
  0.97NYVRX Davis New YorkPairCorr
  0.98NYVTX Davis New YorkPairCorr
  0.96DCSCX Davis Appreciation IncomePairCorr
  0.96DCSYX Davis Appreciation IncomePairCorr
  0.98DVFYX Davis FinancialPairCorr
  0.97DFFCX Davis FinancialPairCorr
  0.98DGFCX Davis GlobalPairCorr
  1.0DGFAX Davis GlobalPairCorr
  0.96DGOCX Davis OpportunityPairCorr
  0.96DGOYX Davis OpportunityPairCorr
  0.73DGVCX Davis Government BondPairCorr
  0.75DGVYX Davis Government BondPairCorr
  0.98FCWGX American Funds CapitalPairCorr
  0.98FWCGX American Funds CapitalPairCorr
  0.99CWGIX Capital World GrowthPairCorr
  0.98CWGFX Capital World GrowthPairCorr
  0.98CWGCX Capital World GrowthPairCorr
  0.98RWIFX Capital World GrowthPairCorr
  0.98CWICX Capital World GrowthPairCorr
  0.98RWIAX Capital World GrowthPairCorr
  0.99CWIAX Capital World GrowthPairCorr
  0.98WGIFX Capital World GrowthPairCorr
  0.99VSTSX Vanguard Total StockPairCorr
  0.99VSMPX Vanguard Total StockPairCorr
  0.98VITSX Vanguard Total StockPairCorr
  0.99VFFSX Vanguard 500 IndexPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Davis Mutual Fund performing well and Davis 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 Davis 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
DILCX  0.71  0.22  0.21  0.56  0.25 
(0.90)
 1.98 
(1.28)
 4.52 
DILAX  0.74  0.32  0.24 (6.59) 0.19 
(0.90)
 2.01 
(1.24)
 4.50 
DILYX  0.71  0.22  0.21  0.56  0.26 
(0.88)
 2.00 
(1.26)
 4.55 
RPFGX  0.72  0.15  0.15  0.30  0.57 
(0.84)
 1.80 
(1.33)
 5.12 
RPFCX  0.52  0.14  0.01 (3.80) 0.45 
(0.59)
 1.48 
(0.92)
 3.91 
RPFRX  0.67  0.12 (0.03)(0.70) 0.85 
(0.69)
 1.70 
(1.44)
 4.98 
RPEAX  0.70  0.22  0.08 (2.74) 0.60 
(0.74)
 2.12 
(1.24)
 5.47 
DNVYX  0.69  0.09  0.10  0.23  0.46 
(0.76)
 2.06 
(1.23)
 5.78 
RFBAX  0.09  0.01 (0.61)(0.29) 0.00 
(0.22)
 0.20 
(0.20)
 0.78 
DREYX  0.65  0.00 (0.05) 0.12  0.88 
(0.64)
 1.62 
(1.45)
 4.49 

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
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY