Destra International Correlations

CEDLX Fund

USD 22.03 0.01 0.05%

The current 90-days correlation between Destra International and Vanguard Health Care is -0.02 (i.e., Good diversification). The correlation of Destra International 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.

Destra International Correlation With Market

Good diversification

The correlation between Destra International Event Dri and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Destra International Event Dri and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Destra International Event Driven. 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 bureau of economic analysis.

Moving together with Destra Mutual 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
0.75	VGTSX	Vanguard Total Inter	Pair Corr
0.75	VTIAX	Vanguard Total Inter	Pair Corr
0.75	CSCO	Cisco Systems	Pair Corr
0.87	CAT	Caterpillar	Pair Corr
0.8	CVX	Chevron Corp	Pair Corr
0.73	BAC	Bank of America Aggressive Push	Pair Corr
0.67	MMM	3M Company Sell-off Trend	Pair Corr
0.79	MSFT	Microsoft Earnings Call This Week	Pair Corr
0.8	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.69	INTC	Intel Earnings Call Today	Pair Corr
0.77	BA	Boeing Earnings Call This Week	Pair Corr
0.71	IBM	International Business	Pair Corr

Moving against Destra Mutual Fund

0.61	MCD	McDonalds	Pair Corr
0.54	KO	Coca Cola	Pair Corr
0.38	VZ	Verizon Communications Aggressive Push	Pair Corr

Related Correlations Analysis

	VGHCX	SWHFX	AHSCX	SCHLX	ETAHX	PGHAX	LOGSX
VGHCX		0.94	0.7	0.94	0.42	0.73	0.55	VGHCX
SWHFX	0.94		0.54	0.98	0.37	0.79	0.41	SWHFX
AHSCX	0.7	0.54		0.59	0.5	0.38	0.79	AHSCX
SCHLX	0.94	0.98	0.59		0.36	0.75	0.48	SCHLX
ETAHX	0.42	0.37	0.5	0.36		0.15	0.62	ETAHX
PGHAX	0.73	0.79	0.38	0.75	0.15		0.16	PGHAX
LOGSX	0.55	0.41	0.79	0.48	0.62	0.16		LOGSX
	VGHCX	SWHFX	AHSCX	SCHLX	ETAHX	PGHAX	LOGSX

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Risk-Adjusted Indicators

There is a big difference between Destra Mutual Fund performing well and Destra International 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 Destra International'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
VGHCX	0.94	0.05	(0.15)	(0.04)	1.28	(0.93)	1.73	(2.02)	5.23
SWHFX	0.87	0.05	(0.16)	(0.02)	1.25	(0.84)	1.67	(2.04)	4.64
AHSCX	0.69	0.04	(0.20)	(0.12)	0.87	(0.71)	1.26	(1.32)	3.71
SCHLX	0.88	0.04	(0.15)	0.03	1.29	(0.84)	1.76	(2.20)	5.11
ETAHX	1.14	0.33	0.04	(0.98)	1.25	(1.21)	2.41	(1.87)	7.62
PGHAX	0.89	(0.16)	(0.15)	0.01	1.26	(0.86)	1.70	(2.26)	4.65
LOGSX	0.79	0.08	(0.16)	(0.32)	0.91	(0.85)	1.74	(1.49)	4.52

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