Destinations International Correlations

Mutual Funds . USA . 
Fund . Destinations International Equity
DIEFX Fund  USD 14.89  0.04  0.27%   
The current 90-days correlation between Destinations International and Destinations International Equity is -0.21 (i.e., Very good diversification). The correlation of Destinations International 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 International Correlation With Market

Poor diversification

The correlation between Destinations International Equ and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Destinations International Equ 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 International Equity. 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

  0.99DIEZX Destinations InternationalPairCorr
  0.97DLCFX Destinations Large CapPairCorr
  0.97DLDFX Destinations Low DurationPairCorr
  0.96DLCZX Destinations Large CapPairCorr
  0.97DLDZX Destinations Low DurationPairCorr
  0.89DMFFX Destinations MunicipalPairCorr
  0.89DMFZX Destinations MunicipalPairCorr
  0.97DMSFX Destinations MultiPairCorr
  0.97DMSZX Destinations MultiPairCorr
  0.98DRAFX Destinations Real AssetsPairCorr
  0.97DSHZX Brinker Capital DestPairCorr
  0.97DSHFX Brinker Capital DestPairCorr
  0.97DSMFX Destinations Small MidPairCorr
  0.97DSMZX Destinations Small MidPairCorr
  0.63DCFFX Destinations Core FixedPairCorr
  0.63DCFZX Destinations Core FixedPairCorr
  0.98DGEZX Destinations EquityPairCorr
  0.98DGEFX Destinations EquityPairCorr
  0.98DGFZX Destinations Global FixedPairCorr
  0.98DGFFX Destinations Global FixedPairCorr
  0.99VGTSX Vanguard Total InterPairCorr
  0.99VTIAX Vanguard Total InterPairCorr
  0.99VTSNX Vanguard Total InterPairCorr
  1.0VTPSX Vanguard Total InterPairCorr
  0.99VTISX Vanguard Total InterPairCorr
  1.0VTMGX Vanguard DevelopedPairCorr
  1.0VDVIX Vanguard DevelopedPairCorr
  0.99VTMNX Vanguard DevelopedPairCorr
  0.99VDIPX Vanguard DevelopedPairCorr
  0.99FSPSX Fidelity InternationalPairCorr
  0.93PFN Pimco Income StrategyPairCorr
  0.95CIF Mfs Intermediate HighPairCorr
  0.64NXJ Nuveen New JerseyPairCorr
  0.95PCF Putnam High IncomePairCorr
  0.97JSLCX Multimanager LifestylePairCorr

Moving against Destinations Mutual Fund

  0.44XDSMX Dreyfus StrategicPairCorr
  0.41XNBHX Neuberger Berman IntPairCorr

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 International 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 International'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  0.49  0.23  0.15 (4.37) 0.13 
(0.59)
 1.37 
(0.81)
 3.02 
DIEFX  0.48  0.14  0.11  0.47  0.20 
(0.58)
 1.27 
(0.83)
 3.01 
DLCFX  0.75  0.10  0.08  0.23  0.81 
(0.85)
 2.13 
(1.86)
 6.63 
DLDFX  0.07  0.03 (0.91)(1.26) 0.00 
(0.12)
 0.21 
(0.11)
 0.33 
DLCZX  0.67  0.23  0.10  77.67  0.51 
(0.82)
 1.95 
(1.25)
 5.79 
DLDZX  0.07  0.03 (0.91)(2.12) 0.00 
(0.13)
 0.21 
(0.10)
 0.32 
DMFFX  0.10  0.00 (0.67) 0.13  0.02 
(0.14)
 0.21 
(0.11)
 0.75 
DMFZX  0.12  0.01 (0.50)(0.44) 0.14 
(0.15)
 0.32 
(0.21)
 0.86 
DMSFX  0.15  0.03 (0.32) 0.29  0.00 
(0.20)
 0.40 
(0.29)
 1.09 
DMSZX  0.14  0.06 (0.35)(2.09) 0.00 
(0.20)
 0.41 
(0.30)
 0.92 

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