Domini Impact Correlations

DOMYX Fund

USD 11.21 0.06 0.54%

The current 90-days correlation between Domini Impact Intern and Blackrock Diversified Fixed is 0.02 (i.e., Significant 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

Poor diversification

The correlation between Domini Impact International and DJI is 0.69 (i.e., Poor 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 private.

Moving together with Domini Mutual Fund

0.84	DIEQX	Domini Impact Equity	Pair Corr
0.73	LIFEX	Domini Sustainable	Pair Corr
1.0	DOMOX	Domini Impact Intern	Pair Corr
1.0	DOMIX	Domini Impact Intern	Pair Corr
0.71	DSBYX	Domini Impact Bond	Pair Corr
0.71	DSBIX	Domini Impact Bond	Pair Corr
0.72	DSBFX	Domini Impact Bond	Pair Corr
0.84	DSEFX	Domini Impact Equity	Pair Corr
0.84	DSFRX	Domini Impact Equity	Pair Corr
0.85	CAREX	Cornerstone Advisors Real	Pair Corr
0.91	VGTSX	Vanguard Total Inter	Pair Corr
0.91	VTIAX	Vanguard Total Inter	Pair Corr
0.91	VTSNX	Vanguard Total Inter	Pair Corr
0.91	VTPSX	Vanguard Total Inter	Pair Corr
0.81	VTISX	Vanguard Total Inter	Pair Corr
0.94	VTMGX	Vanguard Developed	Pair Corr
0.94	VDVIX	Vanguard Developed	Pair Corr
0.94	VTMNX	Vanguard Developed	Pair Corr
0.82	VDIPX	Vanguard Developed	Pair Corr
0.97	FSPSX	Fidelity International	Pair Corr
0.74	CII	Blackrock Enhanced	Pair Corr
0.77	ETV	Eaton Vance Tax	Pair Corr
0.79	CLM	Cornerstone Strategic	Pair Corr
0.77	CRF	Cornerstone Total Return	Pair Corr
0.62	NFJ	Virtus Dividend Interest	Pair Corr
0.73	JHNBX	John Hancock Bond	Pair Corr
0.83	HCVRX	The Hartford Servative	Pair Corr
0.73	FSTLX	Federated Mdt Large	Pair Corr
0.73	JVTSX	Janus Venture	Pair Corr
0.83	FXAIX	Fidelity 500 Index	Pair Corr
0.77	FRGAX	Growth Allocation Index	Pair Corr
0.86	GETFX	Morningstar Growth Etf	Pair Corr
0.79	TEDVX	Tiaa Cref Emerging	Pair Corr

Moving against Domini Mutual Fund

0.55

USA

Liberty All Star

Pair Corr

Related Correlations Analysis

	BDVFX	DLTZX	XACVX	CDBCX	NQQQX	FZABX
BDVFX		0.93	0.89	0.98	0.79	0.73	BDVFX
DLTZX	0.93		0.88	0.87	0.77	0.71	DLTZX
XACVX	0.89	0.88		0.85	0.95	0.84	XACVX
CDBCX	0.98	0.87	0.85		0.75	0.71	CDBCX
NQQQX	0.79	0.77	0.95	0.75		0.87	NQQQX
FZABX	0.73	0.71	0.84	0.71	0.87		FZABX
	BDVFX	DLTZX	XACVX	CDBCX	NQQQX	FZABX

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
BDVFX	0.15	0.02	(0.32)	1.75	0.00	(0.29)	0.43	(0.32)	1.47
DLTZX	0.08	0.01	(0.75)	0.32	0.00	(0.17)	0.13	(0.13)	0.63
XACVX	0.71	0.15	0.01	(0.70)	0.81	(0.75)	1.33	(1.34)	4.48
CDBCX	0.17	0.01	(0.52)	0.61	0.07	(0.22)	0.33	(0.22)	0.97
NQQQX	0.72	0.13	0.00	(1.25)	0.94	(0.73)	1.56	(1.46)	5.05
FZABX	0.60	(0.03)	(0.06)	0.09	0.73	(0.62)	1.12	(1.21)	3.92

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