Deer Park Correlations
DPFNX Fund | USD 8.09 0.02 0.25% |
The current 90-days correlation between Deer Park Total and Deer Park Total is -0.03 (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.
Deer Park Correlation With Market
Good diversification
The correlation between Deer Park Total and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deer Park Total and DJI in the same portfolio, assuming nothing else is changed.
Deer |
Moving together with Deer Mutual Fund
0.83 | DPFCX | Deer Park Total | PairCorr |
0.99 | DPFAX | Deer Park Total | PairCorr |
0.82 | VWEAX | Vanguard High Yield | PairCorr |
0.8 | VWEHX | Vanguard High Yield | PairCorr |
0.79 | BHYCX | Blackrock Hi Yld | PairCorr |
0.78 | BHYIX | Blackrock High Yield | PairCorr |
0.79 | BHYSX | Blackrock Hi Yld | PairCorr |
0.77 | BHYAX | Blackrock High Yield | PairCorr |
0.77 | FAHHX | American Funds American | PairCorr |
0.77 | FTAHX | American Funds American | PairCorr |
0.78 | AHTFX | American High Income | PairCorr |
0.77 | AHTCX | American High Income | PairCorr |
0.72 | SMPSX | Semiconductor Ultrasector | PairCorr |
0.73 | SMPIX | Semiconductor Ultrasector | PairCorr |
0.71 | RSNYX | Victory Global Natural | PairCorr |
0.71 | RSNRX | Victory Global Natural | PairCorr |
0.63 | HSMNX | Horizon Defensive Smmd | PairCorr |
0.65 | PWJCX | Prudential Jennison | PairCorr |
0.85 | KCLSX | Knights Of Umbus | PairCorr |
0.73 | FEQIX | Fidelity Equity Income | PairCorr |
0.7 | HCAIX | Harbor Capital Appre | PairCorr |
0.85 | GPIFX | Guidepath Flexible Income | PairCorr |
0.67 | AVAYX | Ab Virginia Portfolio | PairCorr |
0.7 | TDF | Templeton Dragon Closed | PairCorr |
0.67 | PDI | Pimco Dynamic Income | PairCorr |
0.74 | LGLUX | L Abbett Growth | PairCorr |
0.8 | MBDBX | Msvif Emerging Mkts | PairCorr |
0.71 | FADAX | Fidelity Advisor Dividend | PairCorr |
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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
DPFCX | 0.16 | 0.00 | (0.85) | (0.10) | 0.13 | 0.25 | 0.62 | |||
DPFAX | 0.15 | 0.00 | (0.83) | 0.00 | 0.07 | 0.25 | 0.75 | |||
DPFNX | 0.15 | 0.01 | (0.80) | (2.42) | 0.07 | 0.25 | 0.62 | |||
URINX | 0.21 | 0.05 | (0.23) | 0.35 | 0.00 | 0.55 | 1.48 | |||
OWCIX | 0.27 | 0.00 | (0.38) | 0.20 | 0.23 | 0.52 | 1.43 | |||
OBEGX | 0.70 | 0.16 | 0.15 | 0.40 | 0.41 | 1.87 | 4.04 | |||
MKDCX | 0.52 | 0.21 | 0.09 | 2.90 | 0.00 | 1.56 | 4.09 | |||
ACSRX | 0.59 | 0.08 | 0.07 | 0.27 | 0.34 | 1.63 | 4.44 | |||
GMCFX | 0.54 | 0.09 | (0.04) | 0.48 | 0.53 | 1.15 | 2.86 | |||
MBXCX | 0.48 | 0.10 | 0.00 | 0.38 | 0.00 | 1.17 | 3.19 |