Domini Impact Correlations
| DOMIX Fund | USD 10.86 0.08 0.73% |
The current 90-days correlation between Domini Impact Intern and Domini Impact Bond is 0.21 (i.e., Modest diversification). The correlation of Domini Impact 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.
Domini Impact Correlation With Market
Significant diversification
The correlation between Domini Impact International and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Domini Impact International and DJI in the same portfolio, assuming nothing else is changed.
Domini |
Moving together with Domini Mutual Fund
| 0.94 | DIEQX | Domini Impact Equity | PairCorr |
| 0.75 | LIFEX | Domini Sustainable | PairCorr |
| 0.95 | DOMYX | Domini Impact Intern | PairCorr |
| 0.8 | DOMOX | Domini Impact Intern | PairCorr |
| 0.92 | DSFRX | Domini Impact Equity | PairCorr |
| 0.96 | CAREX | Cornerstone Advisors Real | PairCorr |
| 0.86 | MVISX | Miller Opportunity Trust | PairCorr |
Related Correlations Analysis
| 0.3 | 0.32 | 0.25 | 0.42 | DSBFX | ||
| 0.3 | 0.99 | 0.99 | 0.5 | DSEFX | ||
| 0.32 | 0.99 | 0.97 | 0.54 | PARMX | ||
| 0.25 | 0.99 | 0.97 | 0.43 | PORTX | ||
| 0.42 | 0.5 | 0.54 | 0.43 | PXSCX | ||
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Risk-Adjusted Indicators
There is a big difference between Domini Mutual Fund performing well and Domini Impact 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 Domini Impact'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DSBFX | 0.25 | 0.00 | (0.66) | 0.12 | 0.27 | 0.40 | 1.20 | |||
| DSEFX | 0.57 | 0.09 | 0.09 | 0.33 | 0.00 | 1.93 | 4.70 | |||
| PARMX | 0.69 | 0.06 | 0.07 | 0.29 | 0.39 | 1.84 | 5.57 | |||
| PORTX | 0.50 | 0.09 | 0.04 | 0.37 | 0.00 | 1.59 | 3.43 | |||
| PXSCX | 0.79 | 0.24 | (0.02) | (1.79) | 0.73 | 1.40 | 6.32 |