Domini Impact Correlations

DOMIX Fund

USD 10.61 0.06 0.57%

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

Good diversification

The correlation between Domini Impact International and DJI is -0.12 (i.e., Good 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.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Domini Impact International. 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 gross domestic product.

Moving together with Domini Mutual Fund

0.95	DIEQX	Domini Impact Equity	Pair Corr
0.98	LIFEX	Domini Sustainable	Pair Corr
0.98	DOMYX	Domini Impact Intern	Pair Corr
1.0	DOMOX	Domini Impact Intern	Pair Corr
0.97	DSFRX	Domini Impact Equity	Pair Corr
0.98	CAREX	Cornerstone Advisors Real	Pair Corr
0.98	VTIAX	Vanguard Total Inter	Pair Corr
0.93	MEICX	Mfs Value Fund	Pair Corr
0.95	FJPTX	Fidelity Japan	Pair Corr
0.96	PPQPX	Midcap Growth	Pair Corr
0.93	DBALX	Davenport Balanced Income	Pair Corr
0.9	FTSAX	Fuller Thaler Behavioral	Pair Corr
0.61	RFATX	Investment Grade Bond	Pair Corr
0.93	VYSAX	Voya Small	Pair Corr
0.94	WBRPRX	Wbrprx	Pair Corr

Related Correlations Analysis

	DSBFX	DSEFX	PARMX	PORTX	PXSCX
DSBFX		0.5	0.43	0.42	0.43	DSBFX
DSEFX	0.5		0.85	0.88	0.95	DSEFX
PARMX	0.43	0.85		0.96	0.83	PARMX
PORTX	0.42	0.88	0.96		0.79	PORTX
PXSCX	0.43	0.95	0.83	0.79		PXSCX
	DSBFX	DSEFX	PARMX	PORTX	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	0.02	(0.45)	(0.51)	0.25	(0.28)	0.40	(0.50)	1.20
DSEFX	0.51	0.22	0.05	(2.77)	0.27	(0.59)	1.26	(0.79)	4.70
PARMX	0.65	0.09	0.04	0.31	0.56	(0.73)	1.50	(1.04)	5.57
PORTX	0.46	0.10	0.00	0.39	0.21	(0.55)	1.21	(0.82)	3.22
PXSCX	0.77	0.22	0.02	(0.96)	0.71	(0.88)	1.40	(1.32)	6.32

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Domini Impact Correlations

Domini Impact Correlation With Market

Good diversification

Moving together with Domini Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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