Deer Park Correlations

Mutual Funds . USA . 
Fund . Deer Park Total
DPFAX Fund  USD 8.07  0.02  0.25%   
The current 90-days correlation between Deer Park Total and Deer Park Total is -0.04 (i.e., Good diversification). The correlation of Deer Park 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.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Deer Park Total. 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 nation.

Moving together with Deer Mutual Fund

  0.84DPFCX Deer Park TotalPairCorr
  0.99DPFNX Deer Park TotalPairCorr
  0.8VWEAX Vanguard High YieldPairCorr
  0.78VWEHX Vanguard High YieldPairCorr
  0.77BHYCX Blackrock Hi YldPairCorr
  0.76BHYIX Blackrock High YieldPairCorr
  0.77BHYSX Blackrock Hi YldPairCorr
  0.75BHYAX Blackrock High YieldPairCorr
  0.75FAHHX American Funds AmericanPairCorr
  0.75FTAHX American Funds AmericanPairCorr
  0.76AHTFX American High IncomePairCorr
  0.76AHTCX American High IncomePairCorr
  0.71SMPSX Semiconductor UltrasectorPairCorr
  0.71SMPIX Semiconductor UltrasectorPairCorr
  0.69RSNYX Victory Global NaturalPairCorr
  0.69RSNRX Victory Global NaturalPairCorr
  0.62PWJCX Prudential JennisonPairCorr
  0.84KCLSX Knights Of UmbusPairCorr
  0.71FEQIX Fidelity Equity IncomePairCorr
  0.67HCAIX Harbor Capital ApprePairCorr
  0.84GPIFX Guidepath Flexible IncomePairCorr
  0.64AVAYX Ab Virginia PortfolioPairCorr
  0.66TDF Templeton Dragon ClosedPairCorr
  0.64PDI Pimco Dynamic IncomePairCorr
  0.71LGLUX L Abbett GrowthPairCorr
  0.79MBDBX Msvif Emerging MktsPairCorr
  0.69FADAX Fidelity Advisor DividendPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Deer Mutual Fund performing well and Deer Park 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 Deer Park'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
DPFCX  0.16  0.00 (0.85)(0.10) 0.13 
(0.22)
 0.25 
(0.25)
 0.62 
DPFAX  0.15  0.00 (0.83) 0.00  0.07 
(0.21)
 0.25 
(0.25)
 0.75 
DPFNX  0.15  0.01 (0.80)(2.42) 0.07 
(0.21)
 0.25 
(0.25)
 0.62 
URINX  0.21  0.05 (0.23) 0.35  0.00 
(0.27)
 0.55 
(0.44)
 1.48 
OWCIX  0.27  0.00 (0.38) 0.20  0.23 
(0.31)
 0.52 
(0.51)
 1.43 
OBEGX  0.70  0.16  0.15  0.40  0.41 
(0.88)
 1.87 
(1.26)
 4.04 
MKDCX  0.52  0.21  0.09  2.90  0.00 
(0.65)
 1.56 
(1.04)
 4.09 
ACSRX  0.59  0.08  0.07  0.27  0.34 
(0.71)
 1.63 
(1.03)
 4.44 
GMCFX  0.54  0.09 (0.04) 0.48  0.53 
(0.56)
 1.15 
(1.21)
 2.86 
MBXCX  0.48  0.10  0.00  0.38  0.00 
(0.61)
 1.17 
(0.60)
 3.19 

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