Domini Impact Correlations

Mutual Funds . USA . 
Fund . Domini Impact Bond
DSBYX Fund  USD 10.07  0.03  0.30%   
The current 90-days correlation between Domini Impact Bond and Domini Impact Equity is 0.14 (i.e., Average diversification). The correlation of Domini Impact 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.

Domini Impact Correlation With Market

Good diversification

The correlation between Domini Impact Bond and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Domini Impact Bond 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 Domini Impact Bond. 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 manufacturing.

Moving together with Domini Mutual Fund

  0.8DSBIX Domini Impact BondPairCorr
  0.79DSBFX Domini Impact BondPairCorr
  0.78MWTNX Metropolitan West TotalPairCorr
  0.8MWTSX Metropolitan West TotalPairCorr
  0.81PTTPX Pimco Total ReturnPairCorr
  0.8PTRRX Total ReturnPairCorr
  0.8PTRAX Total ReturnPairCorr
  0.9PTTRX Total ReturnPairCorr
  0.81FIWGX Strategic AdvisersPairCorr
  0.89DODIX Dodge IncomePairCorr
  0.79MWTIX Metropolitan West TotalPairCorr
  0.89MWTRX Metropolitan West TotalPairCorr
  0.74PFN Pimco Income StrategyPairCorr
  0.73CIF Mfs Intermediate HighPairCorr
  0.62NXJ Nuveen New JerseyPairCorr
  0.65PCF Putnam High IncomePairCorr
  0.69ABRUX Americafirst MonthlyPairCorr
  0.66PZVEX Pzena Emerging MarketsPairCorr
  0.69XEHIX Western Assets GlobalPairCorr
  0.65IMDRX Transamerica AssetPairCorr
  0.63TBLGX T Rowe PricePairCorr
  0.65RECRX Rbc Emerging MarketsPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Domini Mutual Fund performing well and Domini Impact 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 Domini Impact'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
DIEQX  0.64  0.18  0.05  1.25  0.58 
(0.70)
 1.95 
(1.50)
 4.67 
LIFEX  0.58  0.05  0.00  0.25  0.45 
(0.69)
 1.62 
(1.11)
 3.51 
DOMYX  0.61  0.17  0.02  2.69  0.51 
(0.72)
 1.40 
(1.08)
 3.40 
DOMOX  0.60  0.19  0.01 (2.17) 0.51 
(0.72)
 1.41 
(1.09)
 3.51 
DOMIX  0.61  0.19  0.01 (1.76) 0.53 
(0.73)
 1.28 
(1.13)
 3.43 
DSBYX  0.26  0.02 (0.46)(0.88) 0.25 
(0.29)
 0.50 
(0.50)
 1.20 
DSBIX  0.25  0.00 (0.45) 0.16  0.26 
(0.28)
 0.41 
(0.51)
 1.21 
DSBFX  0.25  0.00 (0.44) 0.17  0.26 
(0.28)
 0.49 
(0.50)
 1.20 
DSEFX  0.60  0.10  0.10  0.29  0.35 
(0.67)
 1.93 
(0.93)
 4.70 
DSFRX  0.60  0.11  0.10  0.29  0.34 
(0.67)
 1.95 
(0.94)
 4.69 

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