Davis Financial Correlations

Mutual Funds . USA . 
Fund . Davis Financial Fund
RPFGX Fund  USD 73.52  0.45  0.61%   
The current 90-days correlation between Davis Financial and The Tocqueville Fund is -0.14 (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

Good diversification

The correlation between Davis Financial Fund and DJI is -0.13 (i.e., Good 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

  0.95FRBCX Regional BankPairCorr
  0.95JRGRX Regional BankPairCorr
  0.9PRISX T Rowe PricePairCorr
  0.87FIDCX Financial IndustriesPairCorr
  0.98JFDRX Financial IndustriesPairCorr
  1.0TFIFX T Rowe PricePairCorr
  1.0DFFCX Davis FinancialPairCorr
  0.81FSMMX Fs Multi StrategyPairCorr
  0.82BTMPX Ishares Msci EafePairCorr
  0.82BTMKX Blackrock InternationalPairCorr
  0.82MDIIX Blackrock Intern IndexPairCorr
  0.77DLY Doubleline Yield OppPairCorr
  0.83TEQAX Touchstone SustainabilityPairCorr
  0.84HILTX Hartford InternationalPairCorr
  0.9IISPX Voya Solution 2055PairCorr
  0.86WAYRX Western Asset HighPairCorr
  0.89EVFCX Evaluator ConservativePairCorr
  0.87RYPIX Transportation FundPairCorr
  0.91PLFIX Largecap Sp 500PairCorr
  0.83IAF Aberdeen AustraliaPairCorr
  0.84VPACX Vanguard Pacific StockPairCorr
  0.84TFSLX Touchstone FlexiblePairCorr
  0.89SIVIX State Street InstituPairCorr
  0.98GGIZX Balanced AllocationPairCorr
  0.9VMCIX Vanguard Mid CapPairCorr
  0.74PCMBX California IntermediatePairCorr
  0.96FTDBX FtdbxPairCorr
  0.85PSILX Spectrum InternationalPairCorr
  0.82VMNVX Vanguard Global MinimumPairCorr

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.

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