Brinker Capital Correlations

Mutual Funds . USA . 
Fund . Brinker Capital Destinations
DSHFX Fund  USD 12.27  0.01  0.08%   
The current 90-days correlation between Brinker Capital Dest and Destinations International Equity is 0.65 (i.e., Poor diversification). The correlation of Brinker Capital 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.

Brinker Capital Correlation With Market

Very poor diversification

The correlation between Brinker Capital Destinations and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brinker Capital Destinations 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 Brinker Capital Destinations. 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 Brinker Mutual Fund

  0.97DIEZX Destinations InternationalPairCorr
  0.97DIEFX Destinations InternationalPairCorr
  0.99DLCFX Destinations Large CapPairCorr
  0.95DLDFX Destinations Low DurationPairCorr
  0.99DLCZX Destinations Large CapPairCorr
  0.95DLDZX Destinations Low DurationPairCorr
  0.87DMFFX Destinations MunicipalPairCorr
  0.86DMFZX Destinations MunicipalPairCorr
  0.99DMSFX Destinations MultiPairCorr
  0.99DMSZX Destinations MultiPairCorr
  0.95DRAFX Destinations Real AssetsPairCorr
  1.0DSHZX Brinker Capital DestPairCorr
  0.98DSMFX Destinations Small MidPairCorr
  0.98DSMZX Destinations Small MidPairCorr
  0.65DCFFX Destinations Core FixedPairCorr
  0.65DCFZX Destinations Core FixedPairCorr
  0.98DGEZX Destinations EquityPairCorr
  0.98DGEFX Destinations EquityPairCorr
  0.98DGFZX Destinations Global FixedPairCorr
  0.98DGFFX Destinations Global FixedPairCorr
  0.98JHQCX Jpmorgan Hedged EquityPairCorr
  0.98JHEQX Jpmorgan Hedged EquityPairCorr
  0.98JHQAX Jpmorgan Hedged EquityPairCorr
  0.99GTENX Gateway Fund ClassPairCorr
  0.99GTECX Gateway Fund ClassPairCorr
  0.99GTEYX Gateway Fund ClassPairCorr
  0.99GATEX Gateway Fund ClassPairCorr
  1.0JHDCX Jpmorgan Hedged EquityPairCorr
  1.0JHDRX Jpmorgan Hedged EquityPairCorr
  1.0JHDAX Jpmorgan Hedged EquityPairCorr
  0.99VTSAX Vanguard Total StockPairCorr
  0.99VFIAX Vanguard 500 IndexPairCorr
  0.99VTSMX Vanguard Total StockPairCorr
  0.99VSMPX Vanguard Total StockPairCorr
  0.99VSTSX Vanguard Total StockPairCorr
  0.99VITSX Vanguard Total StockPairCorr
  0.99VFINX Vanguard 500 IndexPairCorr
  0.99VFFSX Vanguard 500 IndexPairCorr
  0.97VGTSX Vanguard Total InterPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Brinker Mutual Fund performing well and Brinker Capital 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 Brinker Capital'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
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 
DMFFX  0.10  0.00 (0.67) 0.13  0.02 
(0.14)
 0.21 
(0.11)
 0.75 
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 

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