Destinations Real Correlations

DRAFX Fund

USD 2.34 0.01 0.43%

The current 90-days correlation between Destinations Real Assets and Destinations International Equity is 0.65 (i.e., Poor diversification). The correlation of Destinations Real 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 Real Correlation With Market

Very weak diversification

The correlation between Destinations Real Assets and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Destinations Real Assets 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 Real Assets. 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

0.98	DIEZX	Destinations International	Pair Corr
0.98	DIEFX	Destinations International	Pair Corr
0.95	DLCFX	Destinations Large Cap	Pair Corr
0.97	DLDFX	Destinations Low Duration	Pair Corr
0.95	DLCZX	Destinations Large Cap	Pair Corr
0.97	DLDZX	Destinations Low Duration	Pair Corr
0.88	DMFFX	Destinations Municipal	Pair Corr
0.86	DMFZX	Destinations Municipal	Pair Corr
0.96	DMSFX	Destinations Multi	Pair Corr
0.96	DMSZX	Destinations Multi	Pair Corr
0.95	DSHZX	Brinker Capital Dest	Pair Corr
0.95	DSMFX	Destinations Small Mid	Pair Corr
0.96	DSMZX	Destinations Small Mid	Pair Corr
0.65	DCFFX	Destinations Core Fixed	Pair Corr
0.65	DCFZX	Destinations Core Fixed	Pair Corr
0.96	DGEZX	Destinations Equity	Pair Corr
0.97	DGEFX	Destinations Equity	Pair Corr
0.97	DGFZX	Destinations Global Fixed	Pair Corr
0.97	DGFFX	Destinations Global Fixed	Pair Corr
0.93	CPAYX	Columbia Pacific/asia	Pair Corr
0.94	CASAX	Columbia Pacific/asia	Pair Corr
0.94	CASCX	Columbia Pacificasia	Pair Corr
0.96	MSHLX	Growth Portfolio Class Steady Growth	Pair Corr
0.96	MSKLX	Mid Cap Growth	Pair Corr
0.96	CISGX	Touchstone Sands Capital	Pair Corr
0.95	GTEYX	Gateway Fund Class	Pair Corr
0.96	FSKKX	K2 Alternative Strategies	Pair Corr
0.97	LPRAX	Blackrock Lifepath	Pair Corr

Moving against Destinations Mutual Fund

0.69	ABYCX	Abbey Capital Futures	Pair Corr
0.63	ABYAX	Abbey Capital Futures	Pair Corr
0.62	ABYIX	Abbey Capital Futures	Pair Corr
0.5	ASFCX	Asg Managed Futures	Pair Corr
0.45	AMFAX	Asg Managed Futures	Pair Corr
0.42	AMFNX	Asg Managed Futures	Pair Corr

Related Correlations Analysis

	DIEZX	DIEFX	DLCFX	DLDFX	DLDZX	DMFZX	DMSFX	DMSZX	DRAFX	DSHZX
DIEZX		1.0	0.97	0.97	0.97	0.89	0.97	0.97	0.98	0.97	DIEZX
DIEFX	1.0		0.97	0.97	0.97	0.88	0.97	0.97	0.98	0.97	DIEFX
DLCFX	0.97	0.97		0.94	0.95	0.89	0.98	0.98	0.95	0.99	DLCFX
DLDFX	0.97	0.97	0.94		1.0	0.83	0.95	0.95	0.97	0.95	DLDFX
DLDZX	0.97	0.97	0.95	1.0		0.84	0.96	0.96	0.97	0.95	DLDZX
DMFZX	0.89	0.88	0.89	0.83	0.84		0.9	0.9	0.86	0.86	DMFZX
DMSFX	0.97	0.97	0.98	0.95	0.96	0.9		1.0	0.96	0.99	DMSFX
DMSZX	0.97	0.97	0.98	0.95	0.96	0.9	1.0		0.96	0.99	DMSZX
DRAFX	0.98	0.98	0.95	0.97	0.97	0.86	0.96	0.96		0.95	DRAFX
DSHZX	0.97	0.97	0.99	0.95	0.95	0.86	0.99	0.99	0.95		DSHZX
	DIEZX	DIEFX	DLCFX	DLDFX	DLDZX	DMFZX	DMSFX	DMSZX	DRAFX	DSHZX

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Risk-Adjusted Indicators

There is a big difference between Destinations Mutual Fund performing well and Destinations Real 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 Real'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
DIEZX	0.48	0.15	0.11	0.48	0.19	(0.57)	1.31	(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	0.02	(0.93)	0.86	0.00	(0.12)	0.11	(0.11)	0.33
DLDZX	0.07	0.02	(0.92)	1.39	0.00	(0.12)	0.21	(0.10)	0.32
DMFZX	0.11	0.00	(0.77)	0.34	0.00	(0.14)	0.21	(0.21)	0.75
DMSFX	0.15	0.03	(0.32)	0.29	0.00	(0.20)	0.40	(0.29)	1.09
DMSZX	0.15	0.03	(0.38)	0.32	0.00	(0.20)	0.41	(0.30)	0.92
DRAFX	0.45	0.09	(0.01)	0.47	0.22	(0.69)	0.93	(0.86)	2.70
DSHZX	0.36	0.07	(0.01)	0.29	0.00	(0.47)	0.77	(0.54)	3.06

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