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.
Davis |
Moving together with Davis Mutual Fund
0.98 | DILCX | Davis International | PairCorr |
0.98 | DILAX | Davis International | PairCorr |
0.96 | DILYX | Davis International | PairCorr |
0.82 | RPFRX | Davis Real Estate | PairCorr |
0.95 | DNVYX | Davis New York | PairCorr |
0.7 | RFBAX | Davis Government Bond | PairCorr |
0.81 | DREYX | Davis Real Estate | PairCorr |
0.8 | DRECX | Davis Real Estate | PairCorr |
0.66 | NYVBX | Davis New York | PairCorr |
0.66 | NYVRX | Davis New York | PairCorr |
0.67 | NYVTX | Davis New York | PairCorr |
0.99 | DCSYX | Davis Appreciation Income | PairCorr |
1.0 | DVFYX | Davis Financial | PairCorr |
0.96 | DFFCX | Davis Financial | PairCorr |
0.64 | DGFCX | Davis Global | PairCorr |
0.61 | DGFAX | Davis Global | PairCorr |
0.62 | DGFYX | Davis Global | PairCorr |
0.98 | DGOCX | Davis Opportunity | PairCorr |
0.95 | VFAIX | Vanguard Financials Index | PairCorr |
0.96 | FRBCX | Regional Bank Steady Growth | PairCorr |
0.92 | JRGRX | Regional Bank Steady Growth | PairCorr |
0.96 | PRISX | T Rowe Price | PairCorr |
0.98 | FIDCX | Financial Industries | PairCorr |
0.94 | JFDRX | Financial Industries | PairCorr |
1.0 | TFIFX | T Rowe Price | PairCorr |
0.99 | VSTSX | Vanguard Total Stock | PairCorr |
0.99 | VSMPX | Vanguard Total Stock | PairCorr |
0.95 | VITSX | Vanguard Total Stock | PairCorr |
0.98 | VFFSX | Vanguard 500 Index | PairCorr |
0.95 | VFIAX | Vanguard 500 Index | PairCorr |
0.97 | VTISX | Vanguard Total Inter | PairCorr |
0.97 | VTSNX | Vanguard Total Inter | PairCorr |
0.94 | VTPSX | Vanguard Total Inter | PairCorr |
0.95 | VINIX | Vanguard Institutional | PairCorr |
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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
GISTX | 1.39 | 0.20 | 0.09 | 0.22 | 1.91 | 3.03 | 17.58 | |||
DTEYX | 1.45 | 0.22 | 0.10 | 0.23 | 2.08 | 3.35 | 17.17 | |||
RYCHX | 1.48 | 0.21 | 0.10 | 0.22 | 2.20 | 3.14 | 18.80 | |||
ROGSX | 1.31 | 0.30 | 0.10 | (3.15) | 1.78 | 2.49 | 16.45 | |||
JATAX | 1.33 | 0.37 | 0.12 | (3.95) | 1.87 | 3.14 | 15.91 | |||
PGKZX | 1.51 | 0.35 | 0.11 | (4.93) | 2.05 | 3.32 | 18.53 | |||
CMTFX | 1.44 | 0.35 | 0.11 | (3.94) | 2.00 | 3.02 | 18.13 | |||
PGKCX | 1.50 | 0.35 | 0.11 | (4.64) | 2.09 | 3.33 | 18.49 |