Davis Financial Correlations

Mutual Funds . USA . 
Fund . Davis Financial Fund
DFFCX Fund  USD 56.56  0.36  0.63%   
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

Poor diversification

The correlation between Davis Financial Fund and DJI is 0.71 (i.e., Poor 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 Investing Opportunities 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 main economic indicators.

Moving together with Davis Mutual Fund

  0.95DILCX Davis InternationalPairCorr
  0.95DILAX Davis International Steady GrowthPairCorr
  0.95DILYX Davis InternationalPairCorr
  0.71RPFRX Davis Real EstatePairCorr
  0.76RFBAX Davis Government BondPairCorr
  0.69DRECX Davis Real EstatePairCorr
  0.87NYVCX Davis New YorkPairCorr
  0.87NYVBX Davis New YorkPairCorr
  0.98NYVRX Davis New YorkPairCorr
  0.98NYVTX Davis New YorkPairCorr
  0.97DCSYX Davis Appreciation IncomePairCorr
  1.0DVFYX Davis FinancialPairCorr
  0.97DGFCX Davis GlobalPairCorr
  0.61DGVCX Davis Government BondPairCorr
  0.81FRBCX Regional BankPairCorr
  0.95JRGRX Regional BankPairCorr
  0.83FIDCX Financial IndustriesPairCorr
  0.96JFDRX Financial IndustriesPairCorr
  0.86TFIFX T Rowe PricePairCorr
  0.87FSMMX Fs Multi StrategyPairCorr
  0.77BTMPX Ishares Msci EafePairCorr
  0.72BTMKX Blackrock InternationalPairCorr
  0.89MDIIX Blackrock Intern IndexPairCorr
  0.97URHIX High Income FundPairCorr
  0.98HILGX Hennessy Nerstone LargePairCorr
  0.97WCMNX Wcm Small CapPairCorr
  0.96MLNIX Global Centrated PorPairCorr
  0.93MAPLX Advantage Portfolio ClassPairCorr
  0.93RGCYX Global OpportunisticPairCorr

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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