| DILAX Fund | | | USD 13.76 0.02 0.15% |
The current 90-days correlation between Davis International and Seafarer Overseas Growth is 0.87 (i.e., Very poor diversification). The correlation of Davis 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.
Davis International Correlation With Market
Good diversification
The correlation between Davis International Fund and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Davis International Fund and DJI in the same portfolio, assuming nothing else is changed.
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Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Davis International 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 nation.