Ftdbx Correlations

Mutual Funds . USA . 
Fund . Ftdbx
FTDBX Fund  USD 67.90  0.29  0.43%   
The current 90-days correlation between Ftdbx and Vanguard Total Stock is -0.04 (i.e., Good diversification). The correlation of Ftdbx 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.

Ftdbx Correlation With Market

Significant diversification

The correlation between Ftdbx and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ftdbx 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 Ftdbx. 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 bureau of labor statistics.

Moving together with Ftdbx Mutual Fund

  0.98VTSAX Vanguard Total StockPairCorr
  0.97VFIAX Vanguard 500 IndexPairCorr
  0.98VTSMX Vanguard Total StockPairCorr
  0.97VITSX Vanguard Total StockPairCorr
  0.98VSTSX Vanguard Total StockPairCorr
  0.98VSMPX Vanguard Total StockPairCorr
  0.97VFINX Vanguard 500 IndexPairCorr
  0.98VFFSX Vanguard 500 IndexPairCorr
  0.98VGTSX Vanguard Total InterPairCorr
  0.98VTIAX Vanguard Total InterPairCorr
  0.74NHS Neuberger Berman HighPairCorr
  0.87PFE Pfizer IncPairCorr
  0.87AA Alcoa CorpPairCorr
  0.86DD Dupont De NemoursPairCorr
  0.96CSCO Cisco SystemsPairCorr
  0.92IBM International Business Earnings Call This WeekPairCorr
  0.95DIS Walt DisneyPairCorr
  0.8CVX Chevron CorpPairCorr
  0.95CAT CaterpillarPairCorr
  0.93BA BoeingPairCorr
  0.97MSFT MicrosoftPairCorr

Moving against Ftdbx Mutual Fund

  0.53KO Coca Cola Earnings Call This WeekPairCorr
  0.33VZ Verizon Communications Earnings Call This WeekPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Ftdbx Mutual Fund performing well and Ftdbx 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 Ftdbx'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
VTSAX  0.67  0.26  0.12 (3.44) 0.54 
(0.76)
 2.07 
(1.17)
 5.05 
VFIAX  0.65  0.11  0.11  0.25  0.56 
(0.75)
 2.02 
(1.11)
 4.88 
VTSMX  0.67  0.26  0.13 (2.75) 0.56 
(0.75)
 2.08 
(1.17)
 5.04 
VITSX  0.66  0.12  0.11  0.26  0.55 
(0.75)
 2.07 
(1.17)
 5.05 
VSTSX  0.67  0.26  0.13 (2.76) 0.56 
(0.75)
 2.08 
(1.17)
 5.04 
VSMPX  0.67  0.26  0.13 (2.76) 0.56 
(0.75)
 2.08 
(1.17)
 5.04 
VFINX  0.66  0.12  0.11  0.26  0.54 
(0.77)
 2.02 
(1.11)
 4.88 
VFFSX  0.66  0.25  0.12 (3.24) 0.56 
(0.72)
 2.02 
(1.11)
 4.88 
VGTSX  0.47  0.23  0.14 (4.35) 0.08 
(0.54)
 1.31 
(0.84)
 3.09 
VTIAX  0.47  0.23  0.13 (4.21) 0.00 
(0.54)
 1.35 
(0.86)
 3.10 

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