Davis Real Correlations

Mutual Funds . USA . 
Fund . Davis Real Estate
RPFRX Fund  USD 40.99  0.11  0.27%   
The current 90-days correlation between Davis Real Estate and Rational Strategic Allocation is 0.5 (i.e., Very weak diversification). The correlation of Davis Real 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 Real Correlation With Market

Poor diversification

The correlation between Davis Real Estate and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Davis Real Estate 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 Real Estate. 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 metropolitan statistical area.

Moving together with Davis Mutual Fund

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  0.78FR First Industrial RealtyPairCorr
  0.71OZ Belpointe PREP LLCPairCorr
  0.65PK Park Hotels ResortsPairCorr
  0.82UE Urban Edge PropertiesPairCorr
  0.71WY Weyerhaeuser Earnings Call This WeekPairCorr
  0.69AHT-PH Ashford Hospitality TrustPairCorr
  0.71AHT-PI Ashford Hospitality TrustPairCorr
  0.78AHT-PD Ashford Hospitality TrustPairCorr
  0.76AHT-PF Ashford Hospitality TrustPairCorr
  0.77AHT-PG Ashford Hospitality TrustPairCorr
  0.62DOUG Douglas EllimanPairCorr
  0.83VNO-PL Vornado Realty TrustPairCorr
  0.82VNO-PM Vornado Realty TrustPairCorr
  0.81VNO-PN Vornado Realty TrustPairCorr
  0.68VNO-PO Vornado Realty TrustPairCorr
  0.74MITT-PB AG Mortgage InvestmentPairCorr
  0.83MITT-PC AG Mortgage InvestmentPairCorr
  0.91ELME Elme CommunitiesPairCorr
  0.67WELL Welltower Earnings Call This WeekPairCorr
  0.77ESBA Empire State RealtyPairCorr
  0.73CDR-PC Cedar Realty TrustPairCorr
  0.82ESRT Empire State Realty Earnings Call TomorrowPairCorr

Moving against Davis Mutual Fund

  0.42UK Ucommune InternationalPairCorr
  0.63WETH Wetouch Technology CommonPairCorr
  0.59WHLR Wheeler Real EstatePairCorr
  0.59ADC Agree Realty Earnings Call TodayPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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