Davis Financial Correlations

RPFGX Fund  USD 73.58  0.56  0.76%   
The current 90-days correlation between Davis Financial and Goldman Sachs Technology is -0.04 (i.e., Good diversification). The correlation of Davis Financial 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 Financial Correlation With Market

Significant diversification

The correlation between Davis Financial Fund and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Davis Financial Fund 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 Financial Fund. 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 price.

Moving together with Davis Mutual Fund

  0.98DILCX Davis InternationalPairCorr
  0.98DILAX Davis InternationalPairCorr
  0.96DILYX Davis InternationalPairCorr
  0.82RPFRX Davis Real EstatePairCorr
  0.95DNVYX Davis New YorkPairCorr
  0.7RFBAX Davis Government BondPairCorr
  0.81DREYX Davis Real EstatePairCorr
  0.8DRECX Davis Real EstatePairCorr
  0.66NYVBX Davis New YorkPairCorr
  0.66NYVRX Davis New YorkPairCorr
  0.67NYVTX Davis New YorkPairCorr
  0.99DCSYX Davis Appreciation IncomePairCorr
  1.0DVFYX Davis FinancialPairCorr
  0.96DFFCX Davis FinancialPairCorr
  0.64DGFCX Davis GlobalPairCorr
  0.61DGFAX Davis GlobalPairCorr
  0.62DGFYX Davis GlobalPairCorr
  0.98DGOCX Davis OpportunityPairCorr
  0.95VFAIX Vanguard Financials IndexPairCorr
  0.96FRBCX Regional Bank Steady GrowthPairCorr
  0.92JRGRX Regional Bank Steady GrowthPairCorr
  0.96PRISX T Rowe PricePairCorr
  0.98FIDCX Financial IndustriesPairCorr
  0.94JFDRX Financial IndustriesPairCorr
  1.0TFIFX T Rowe PricePairCorr
  0.99VSTSX Vanguard Total StockPairCorr
  0.99VSMPX Vanguard Total StockPairCorr
  0.95VITSX Vanguard Total StockPairCorr
  0.98VFFSX Vanguard 500 IndexPairCorr
  0.95VFIAX Vanguard 500 IndexPairCorr
  0.97VTISX Vanguard Total InterPairCorr
  0.97VTSNX Vanguard Total InterPairCorr
  0.94VTPSX Vanguard Total InterPairCorr
  0.95VINIX Vanguard InstitutionalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Davis Mutual Fund performing well and Davis Financial 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 Financial'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.