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.
  
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 board of governors.

Moving together with Deer Mutual Fund

  0.83DPFCX Deer Park TotalPairCorr
  0.99DPFAX Deer Park TotalPairCorr
  0.82VWEAX Vanguard High YieldPairCorr
  0.8VWEHX Vanguard High YieldPairCorr
  0.79BHYCX Blackrock Hi YldPairCorr
  0.78BHYIX Blackrock High YieldPairCorr
  0.79BHYSX Blackrock Hi YldPairCorr
  0.77BHYAX Blackrock High YieldPairCorr
  0.77FAHHX American Funds AmericanPairCorr
  0.77FTAHX American Funds AmericanPairCorr
  0.78AHTFX American High IncomePairCorr
  0.77AHTCX American High IncomePairCorr
  0.72SMPSX Semiconductor UltrasectorPairCorr
  0.73SMPIX Semiconductor UltrasectorPairCorr
  0.71RSNYX Victory Global NaturalPairCorr
  0.71RSNRX Victory Global NaturalPairCorr
  0.63HSMNX Horizon Defensive SmmdPairCorr
  0.65PWJCX Prudential JennisonPairCorr
  0.85KCLSX Knights Of UmbusPairCorr
  0.73FEQIX Fidelity Equity IncomePairCorr
  0.7HCAIX Harbor Capital ApprePairCorr
  0.85GPIFX Guidepath Flexible IncomePairCorr
  0.67AVAYX Ab Virginia PortfolioPairCorr
  0.7TDF Templeton Dragon ClosedPairCorr
  0.67PDI Pimco Dynamic IncomePairCorr
  0.74LGLUX L Abbett GrowthPairCorr
  0.8MBDBX Msvif Emerging MktsPairCorr
  0.71FADAX 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 
 0.25 
 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