Davis Series Correlations

RPGXX Fund

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The current 90-days correlation between Davis Series and Western Asset Inflation is -0.11 (i.e., Good diversification). The correlation of Davis Series 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 Series Correlation With Market

Average diversification

The correlation between Davis Series and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Davis Series 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 Series . Also, note that the market value of any money market fund could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with Davis Money Market Fund

0.79	VTSAX	Vanguard Total Stock	Pair Corr
0.79	VFIAX	Vanguard 500 Index	Pair Corr
0.79	VTSMX	Vanguard Total Stock	Pair Corr
0.79	VITSX	Vanguard Total Stock	Pair Corr
0.79	VSTSX	Vanguard Total Stock	Pair Corr
0.79	VSMPX	Vanguard Total Stock	Pair Corr
0.79	VFINX	Vanguard 500 Index	Pair Corr
0.79	VFFSX	Vanguard 500 Index	Pair Corr
0.81	VGTSX	Vanguard Total Inter	Pair Corr
0.81	VTIAX	Vanguard Total Inter	Pair Corr
0.71	AA	Alcoa Corp	Pair Corr
0.65	DD	Dupont De Nemours	Pair Corr
0.76	CSCO	Cisco Systems	Pair Corr
0.74	IBM	International Business Earnings Call This Week	Pair Corr
0.84	DIS	Walt Disney	Pair Corr
0.73	CAT	Caterpillar	Pair Corr
0.79	BA	Boeing	Pair Corr
0.85	MSFT	Microsoft	Pair Corr

Moving against Davis Money Market Fund

0.54

Coca Cola Earnings Call This Week

Pair Corr

Related Correlations Analysis

	WAFAX	MXIHX	ABNOX	BPRIX	HIPAX	ABNAX
WAFAX		0.98	0.92	0.93	0.99	0.98	WAFAX
MXIHX	0.98		0.94	0.94	1.0	0.99	MXIHX
ABNOX	0.92	0.94		0.96	0.93	0.94	ABNOX
BPRIX	0.93	0.94	0.96		0.93	0.92	BPRIX
HIPAX	0.99	1.0	0.93	0.93		0.98	HIPAX
ABNAX	0.98	0.99	0.94	0.92	0.98		ABNAX
	WAFAX	MXIHX	ABNOX	BPRIX	HIPAX	ABNAX

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Risk-Adjusted Indicators

There is a big difference between Davis Money Market Fund performing well and Davis Series Money Market 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 Series' 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
WAFAX	0.23	0.04	(0.27)	(7.49)	0.19	(0.26)	0.44	(0.54)	1.64
MXIHX	0.17	0.04	(0.35)	(2.86)	0.00	(0.22)	0.33	(0.33)	1.21
ABNOX	0.14	0.03	(0.40)	(2.11)	0.00	(0.15)	0.29	(0.29)	0.98
BPRIX	0.22	0.03	(0.28)	0.91	0.20	(0.25)	0.61	(0.52)	1.35
HIPAX	0.18	0.04	(0.33)	(2.29)	0.00	(0.23)	0.40	(0.40)	1.31
ABNAX	0.15	0.04	(0.32)	(21.98)	0.00	(0.20)	0.29	(0.38)	1.25

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