Davis Real Correlations

DRECX Fund

USD 40.85 0.31 0.75%

The current 90-days correlation between Davis Real Estate and Access Flex High is -0.08 (i.e., Good diversification). The correlation of Davis 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.

Davis Real Correlation With Market

Very poor diversification

The correlation between Davis Real Estate and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Davis Real Estate 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 Davis Real Estate. 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 main economic indicators.

Moving together with Davis Mutual Fund

0.87	DX	Dynex Capital	Pair Corr
0.95	FR	First Industrial Realty	Pair Corr
0.72	HR	Healthcare Realty Trust	Pair Corr
0.79	KW	Kennedy Wilson Holdings	Pair Corr
0.89	PK	Park Hotels Resorts	Pair Corr
0.64	RC	Ready Capital Corp	Pair Corr
0.92	UE	Urban Edge Properties	Pair Corr
0.87	WY	Weyerhaeuser	Pair Corr
0.87	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.87	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.86	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.86	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.88	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.77	VNO-PL	Vornado Realty Trust Potential Growth	Pair Corr
0.82	VNO-PM	Vornado Realty Trust	Pair Corr
0.83	VNO-PN	Vornado Realty Trust Potential Growth	Pair Corr
0.82	VNO-PO	Vornado Realty Trust	Pair Corr
0.87	MITT-PA	AG Mortgage Investment	Pair Corr
0.93	MITT-PB	AG Mortgage Investment	Pair Corr
0.71	MITT-PC	AG Mortgage Investment	Pair Corr
0.87	ELME	Elme Communities	Pair Corr
0.8	EQIX	Equinix	Pair Corr
0.76	WELL	Welltower	Pair Corr
0.85	ESBA	Empire State Realty	Pair Corr
0.89	ESRT	Empire State Realty	Pair Corr
0.65	WHLR	Wheeler Real Estate	Pair Corr

Related Correlations Analysis

	FYAIX	PHDTX	TRRJX	PBHAX	ARTFX	MWHIX	MRHYX
FYAIX		0.92	0.95	0.93	0.92	0.9	0.92	FYAIX
PHDTX	0.92		0.89	0.95	0.82	0.85	0.88	PHDTX
TRRJX	0.95	0.89		0.87	0.86	0.81	0.93	TRRJX
PBHAX	0.93	0.95	0.87		0.93	0.96	0.88	PBHAX
ARTFX	0.92	0.82	0.86	0.93		0.98	0.88	ARTFX
MWHIX	0.9	0.85	0.81	0.96	0.98		0.83	MWHIX
MRHYX	0.92	0.88	0.93	0.88	0.88	0.83		MRHYX
	FYAIX	PHDTX	TRRJX	PBHAX	ARTFX	MWHIX	MRHYX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Davis Mutual Fund performing well and Davis 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 Davis 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
FYAIX	0.36	0.00	0.12	(0.15)	0.56	(0.33)	0.67	(0.86)	4.34
PHDTX	0.19	0.00	0.13	(0.04)	0.31	(0.23)	0.34	(0.34)	1.37
TRRJX	0.81	0.01	0.05	(0.19)	1.34	(0.75)	1.55	(1.81)	8.11
PBHAX	0.21	0.01	0.14	2.15	0.27	(0.30)	0.43	(0.43)	1.90
ARTFX	0.20	0.02	0.19	0.47	0.27	(0.23)	0.55	(0.34)	1.56
MWHIX	0.17	0.00	0.20	0.00	0.20	(0.23)	0.44	(0.44)	1.43
MRHYX	0.21	0.00	0.10	(0.06)	0.35	(0.27)	0.37	(0.48)	1.45

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC

Davis Real Correlations

Davis Real Correlation With Market

Very poor diversification

Moving together with Davis Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY