Davis Select Correlations

DUSA Etf

USD 46.01 0.22 0.48%

The current 90-days correlation between Davis Select Equity and FT Vest Equity is -0.08 (i.e., Good diversification). The correlation of Davis Select 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.

Davis Select Correlation With Market

Very poor diversification

The correlation between Davis Select Equity and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Davis Select Equity and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Davis Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Davis Select Equity. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Davis Etf

0.99	VTV	Vanguard Value Index	Pair Corr
0.96	VYM	Vanguard High Dividend	Pair Corr
0.99	IWD	iShares Russell 1000 Sell-off Trend	Pair Corr
0.98	DGRO	iShares Core Dividend	Pair Corr
0.99	IVE	iShares SP 500	Pair Corr
0.96	DVY	iShares Select Dividend	Pair Corr
0.99	SPYV	SPDR Portfolio SP	Pair Corr
0.93	FVD	First Trust Value	Pair Corr
0.99	IUSV	iShares Core SP	Pair Corr
0.92	NOBL	ProShares SP 500	Pair Corr
0.98	VTI	Vanguard Total Stock Sell-off Trend	Pair Corr
0.98	SPY	SPDR SP 500 Sell-off Trend	Pair Corr
0.98	IVV	iShares Core SP Sell-off Trend	Pair Corr
0.67	BND	Vanguard Total Bond	Pair Corr
0.97	VUG	Vanguard Growth Index	Pair Corr
0.97	VO	Vanguard Mid Cap	Pair Corr
0.94	VEA	Vanguard FTSE Developed	Pair Corr
0.98	VB	Vanguard Small Cap	Pair Corr
0.89	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.68	XOM	Exxon Mobil Corp	Pair Corr
0.98	AXP	American Express	Pair Corr
0.92	IBM	International Business Earnings Call This Week	Pair Corr
0.92	AA	Alcoa Corp	Pair Corr
0.9	BA	Boeing	Pair Corr
0.84	INTC	Intel Earnings Call This Week	Pair Corr
0.94	CSCO	Cisco Systems	Pair Corr
0.93	DIS	Walt Disney	Pair Corr
0.95	MSFT	Microsoft	Pair Corr
0.89	PFE	Pfizer Inc	Pair Corr
0.89	MMM	3M Company	Pair Corr
0.91	DD	Dupont De Nemours	Pair Corr

Moving against Davis Etf

0.7	MCD	McDonalds	Pair Corr
0.39	VZ	Verizon Communications Earnings Call This Week	Pair Corr

Related Correlations Analysis

	DHDG	MBCC	DIHP	DIVN	DJAN	MDLV	DJUL	DJUN	QB
DHDG		0.98	0.97	0.16	0.97	0.89	0.95	0.98	-0.28	DHDG
MBCC	0.98		0.97	0.23	0.99	0.95	0.99	0.99	-0.3	MBCC
DIHP	0.97	0.97		0.22	0.95	0.9	0.93	0.96	-0.27	DIHP
DIVN	0.16	0.23	0.22		0.23	0.33	0.25	0.18	0.52	DIVN
DJAN	0.97	0.99	0.95	0.23		0.96	1.0	0.98	-0.34	DJAN
MDLV	0.89	0.95	0.9	0.33	0.96		0.96	0.91	-0.32	MDLV
DJUL	0.95	0.99	0.93	0.25	1.0	0.96		0.98	-0.35	DJUL
DJUN	0.98	0.99	0.96	0.18	0.98	0.91	0.98		-0.29	DJUN
QB	-0.28	-0.3	-0.27	0.52	-0.34	-0.32	-0.35	-0.29		QB
	DHDG	MBCC	DIHP	DIVN	DJAN	MDLV	DJUL	DJUN	QB

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

DJUL	+ 1.0	DJAN
DJAN	+ 0.99	MBCC
DJUL	+ 0.99	MBCC
DJUN	+ 0.99	MBCC
MBCC	+ 0.98	DHDG
DJUN	+ 0.98	DHDG

High negative correlations

QB	- 0.35	DJUL
QB	- 0.34	DJAN
QB	- 0.32	MDLV
QB	- 0.3	MBCC
QB	- 0.29	DJUN
QB	- 0.28	DHDG

Davis Select Constituents Risk-Adjusted Indicators

There is a big difference between Davis Etf performing well and Davis Select ETF 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 Select'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
DHDG	0.17	0.09	(0.12)	(1.35)	0.00	(0.19)	0.79	(0.16)	1.59
MBCC	0.65	0.25	0.12	(1.72)	0.57	(0.74)	1.56	(1.11)	5.16
DIHP	0.52	0.18	0.06	(1.70)	0.30	(0.59)	1.22	(1.02)	2.94
DIVN	0.56	0.09	0.00	1.05	0.00	0.00	1.67	(1.29)	2.96
DJAN	0.35	0.13	(0.01)	(8.33)	0.00	(0.40)	0.87	(0.63)	2.46
MDLV	0.50	0.13	(0.02)	(1.45)	0.44	(0.51)	1.07	(0.88)	3.44
DJUL	0.45	0.19	0.09	(4.18)	0.15	(0.53)	1.16	(0.90)	3.59
DJUN	0.48	0.16	0.02	(2.14)	0.36	(0.52)	1.34	(1.16)	4.09
QB	0.16	0.02	(0.74)	1.09	0.00	(0.24)	0.55	(0.25)	0.77

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