Davis Appreciation Correlations

Mutual Funds . USA . 
Fund . Davis Appreciation Income
RPFCX Fund  USD 63.64  0.15  0.24%   
The current 90-days correlation between Davis Appreciation Income and Davis International Fund is -0.04 (i.e., Good diversification). The correlation of Davis Appreciation 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 Appreciation Correlation With Market

Good diversification

The correlation between Davis Appreciation Income 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 Davis Appreciation Income and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Davis Appreciation Income. 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

  0.96DILCX Davis InternationalPairCorr
  0.97DILAX Davis InternationalPairCorr
  0.96DILYX Davis InternationalPairCorr
  0.97RPFGX Davis FinancialPairCorr
  0.86RPFRX Davis Real EstatePairCorr
  1.0RPEAX Davis OpportunityPairCorr
  0.98DNVYX Davis New YorkPairCorr
  0.81RFBAX Davis Government BondPairCorr
  0.81DREYX Davis Real EstatePairCorr
  0.79DRECX Davis Real EstatePairCorr
  1.0NYVCX Davis New YorkPairCorr
  1.0NYVBX Davis New YorkPairCorr
  0.98NYVRX Davis New YorkPairCorr
  1.0NYVTX Davis New YorkPairCorr
  0.98DCSCX Davis Appreciation IncomePairCorr
  0.98DCSYX Davis Appreciation IncomePairCorr
  0.99DVFYX Davis FinancialPairCorr
  0.97DFFCX Davis FinancialPairCorr
  0.97DGFCX Davis GlobalPairCorr
  0.98DGFAX Davis GlobalPairCorr
  0.98DGFYX Davis GlobalPairCorr
  0.98DGOCX Davis OpportunityPairCorr
  0.98DGOYX Davis OpportunityPairCorr
  0.8DGVCX Davis Government BondPairCorr
  0.81DGVYX Davis Government BondPairCorr
  0.96FFIFX American FundsPairCorr
  0.96FAIFX American FundsPairCorr
  0.96IFACX Income FundPairCorr
  0.98IFAFX Income FundPairCorr
  0.97AMECX Income FundPairCorr
  0.98RIDBX Income FundPairCorr
  0.98CIMEX Income FundPairCorr
  0.97RIDFX Income FundPairCorr
  0.98CIMCX Income FundPairCorr
  0.97CIMFX Income FundPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Davis Mutual Fund performing well and Davis Appreciation 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 Appreciation'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
DILCX  0.71  0.22  0.21  0.56  0.25 
(0.90)
 1.98 
(1.28)
 4.52 
DILAX  0.74  0.32  0.24 (6.59) 0.19 
(0.90)
 2.01 
(1.24)
 4.50 
DILYX  0.71  0.22  0.21  0.56  0.26 
(0.88)
 2.00 
(1.26)
 4.55 
RPFGX  0.72  0.15  0.15  0.30  0.57 
(0.84)
 1.80 
(1.33)
 5.12 
RPFCX  0.52  0.14  0.01 (3.80) 0.45 
(0.59)
 1.48 
(0.92)
 3.91 
RPFRX  0.67  0.12 (0.03)(0.70) 0.85 
(0.69)
 1.70 
(1.44)
 4.98 
RPEAX  0.70  0.22  0.08 (2.74) 0.60 
(0.74)
 2.12 
(1.24)
 5.47 
DNVYX  0.69  0.09  0.10  0.23  0.46 
(0.76)
 2.06 
(1.23)
 5.78 
RFBAX  0.09  0.01 (0.61)(0.29) 0.00 
(0.22)
 0.20 
(0.20)
 0.78 
DREYX  0.65  0.00 (0.05) 0.12  0.88 
(0.64)
 1.62 
(1.45)
 4.49 

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