Driehaus Multi Correlations

Mutual Funds . USA . 
Fund . Driehaus Multi Asset Growth
DMAGX Fund  USD 17.79  0.07  0.40%   
The current 90-days correlation between Driehaus Multi Asset and Driehaus Emerging Markets is 0.73 (i.e., Poor diversification). The correlation of Driehaus Multi 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.

Driehaus Multi Correlation With Market

Poor diversification

The correlation between Driehaus Multi Asset Growth and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Driehaus Multi Asset Growth 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 Driehaus Multi Asset Growth. 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 price.

Moving together with Driehaus Mutual Fund

  0.99DIEMX Driehaus Emerging MarketsPairCorr
  0.99DMCRX Driehaus Micro CapPairCorr
  0.99DNSMX Driehaus Small CapPairCorr
  0.99DRESX Driehaus Emerging MarketsPairCorr
  0.99DREGX Driehaus Emerging MarketsPairCorr
  0.99DRIOX Driehaus InternationalPairCorr
  0.99DSMDX Driehaus Smallmid CapPairCorr
  0.98DVSMX Driehaus Small CapPairCorr
  0.92DEVDX Driehaus Event DrivenPairCorr
  1.0FCWGX American Funds CapitalPairCorr
  1.0FWCGX American Funds CapitalPairCorr
  1.0CWGIX Capital World GrowthPairCorr
  1.0CWGFX Capital World GrowthPairCorr
  1.0CWGCX Capital World GrowthPairCorr
  1.0RWIFX Capital World GrowthPairCorr
  1.0CWICX Capital World GrowthPairCorr
  1.0RWIAX Capital World GrowthPairCorr
  1.0CWIAX Capital World GrowthPairCorr
  1.0WGIFX Capital World GrowthPairCorr
  0.73NHS Neuberger Berman HighPairCorr
  0.99ISNQX Voya Solution 2050PairCorr
  0.61EGLAX Eagle Mlp StrategyPairCorr
  0.88RRESX Global Real EstatePairCorr
  0.88RREAX Global Real EstatePairCorr
  0.99ONMIX Oppenheimer ModeratePairCorr
  0.87SMAPX Salient Mlp EnergyPairCorr
  0.85VLMIX Value Line MidPairCorr
  0.99SRJPX Jpmorgan SmartretirementPairCorr
  0.99MURQX Mutual Of AmericaPairCorr
  0.92SFREX Schwab Fundamental GlobalPairCorr
  0.99FHATX Fidelity Freedom BlendPairCorr
  0.99TGIWX Tiaa Cref GrowthPairCorr
  0.98LDVAX Leland Thomson ReutersPairCorr
  0.98WAYAX Western Asset HighPairCorr
  0.99SMCFX Smallcap WorldPairCorr
  0.96MBVKX Blackrock Basic ValuePairCorr
  0.68GVMXX State Street MasterPairCorr
  0.96TRSLX Transamerica Small CapPairCorr
  0.98NHIEX Neuberger Berman IncomePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Driehaus Mutual Fund performing well and Driehaus Multi 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 Driehaus Multi'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
DIEMX  0.52  0.19  0.20  0.55  0.00 
(0.67)
 1.80 
(1.19)
 4.00 
DMAGX  0.54  0.21  0.22  0.47  0.00 
(0.66)
 1.72 
(1.01)
 3.21 
DMCRX  1.14  0.23  0.17  0.33  0.99 
(1.25)
 2.64 
(1.73)
 5.81 
DNSMX  0.92  0.14  0.12  0.27  0.88 
(1.00)
 2.31 
(1.89)
 5.37 
DRESX  0.54  0.20  0.17  0.70  0.10 
(0.63)
 1.51 
(0.89)
 3.42 
DREGX  0.53  0.19  0.19  0.54  0.00 
(0.67)
 1.81 
(1.20)
 4.03 
DRIOX  0.60  0.27  0.24  0.87  0.00 
(0.71)
 1.56 
(0.90)
 3.99 
DSMDX  0.84  0.15  0.12  0.29  0.78 
(0.95)
 2.31 
(1.33)
 5.32 
DVSMX  0.93  0.27  0.10 (4.49) 0.88 
(1.01)
 2.31 
(1.93)
 5.38 
DEVDX  0.31  0.02 (0.17) 0.21  0.27 
(0.35)
 0.56 
(0.66)
 1.73 

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