Large Pany Correlations

DTLVX Fund

USD 23.48 0.15 0.64%

The current 90-days correlation between Large Pany Value and Clarkston Fund Institutional is 0.84 (i.e., Very poor diversification). The correlation of Large Pany 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.

Large Pany Correlation With Market

Good diversification

The correlation between Large Pany Value and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Large Pany Value 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 Large Pany Value. 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 unemployment.

Moving together with Large Mutual Fund

0.87	WSMGX	Small Pany Growth	Pair Corr
0.82	WSMVX	Small Pany Value	Pair Corr
0.69	WFIVX	Wilshire 5000 Index	Pair Corr
0.66	WIORX	Wilshire Income Opport	Pair Corr
0.77	WIOPX	Wilshire Income Opport	Pair Corr
0.69	WINDX	Wilshire 5000 Index	Pair Corr
0.64	WLCGX	Large Pany Growth	Pair Corr
0.79	WLCVX	Large Pany Value	Pair Corr
0.82	WLCTX	Wilshire International	Pair Corr
0.61	DTLGX	Wilshire Large	Pair Corr
0.81	DTSVX	Small Pany Value	Pair Corr
0.87	DTSGX	Small Pany Growth	Pair Corr
0.71	WLTTX	Wilshire International	Pair Corr
0.91	FWWMX	American Funds Washington	Pair Corr
0.91	FWMMX	American Funds Washington	Pair Corr
0.91	AWSHX	Washington Mutual	Pair Corr
0.91	WSHCX	Washington Mutual	Pair Corr
0.91	WSHFX	Washington Mutual	Pair Corr
0.92	VVIAX	Vanguard Value Index	Pair Corr
0.91	RWMAX	Washington Mutual	Pair Corr
0.91	CWMAX	Washington Mutual	Pair Corr
0.91	RWMGX	Washington Mutual	Pair Corr
0.76	CWMCX	Washington Mutual	Pair Corr
0.64	FELIX	Fidelity Advisor Sem	Pair Corr
0.72	ONERX	One Rock Fund	Pair Corr
0.65	RYVYX	Nasdaq 100 2x	Pair Corr
0.65	RYVLX	Nasdaq 100 2x	Pair Corr
0.64	FSELX	Fidelity Select Semi	Pair Corr
0.77	DLHYX	Massmutual Premier High	Pair Corr
0.8	QGIAX	Pear Tree Quality	Pair Corr
0.74	IIFSX	Vy Franklin Income	Pair Corr
0.62	IPOIX	Ivy Emerging Markets	Pair Corr

Moving against Large Mutual Fund

0.68	TREMX	T Rowe Price	Pair Corr
0.66	CEE	Central Europe Russia	Pair Corr
0.64	TTEEX	T Rowe Price	Pair Corr

Related Correlations Analysis

	CILGX	GCINX	GCIFX	AOTIX	MDFSX	MNDFX	GTCEX	WEIMX	MZCSX	MZCIX
CILGX		0.72	0.72	0.64	0.58	0.58	0.45	0.22	0.62	0.62	CILGX
GCINX	0.72		1.0	0.76	0.65	0.65	0.66	0.07	0.8	0.8	GCINX
GCIFX	0.72	1.0		0.77	0.65	0.66	0.66	0.07	0.8	0.8	GCIFX
AOTIX	0.64	0.76	0.77		0.57	0.57	0.73	0.59	0.89	0.9	AOTIX
MDFSX	0.58	0.65	0.65	0.57		1.0	0.74	0.08	0.69	0.67	MDFSX
MNDFX	0.58	0.65	0.66	0.57	1.0		0.75	0.09	0.69	0.68	MNDFX
GTCEX	0.45	0.66	0.66	0.73	0.74	0.75		0.25	0.79	0.78	GTCEX
WEIMX	0.22	0.07	0.07	0.59	0.08	0.09	0.25		0.34	0.35	WEIMX
MZCSX	0.62	0.8	0.8	0.89	0.69	0.69	0.79	0.34		1.0	MZCSX
MZCIX	0.62	0.8	0.8	0.9	0.67	0.68	0.78	0.35	1.0		MZCIX
	CILGX	GCINX	GCIFX	AOTIX	MDFSX	MNDFX	GTCEX	WEIMX	MZCSX	MZCIX

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Risk-Adjusted Indicators

There is a big difference between Large Mutual Fund performing well and Large Pany 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 Large Pany'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
CILGX	0.69	0.10	(0.01)	(0.42)	0.62	(0.89)	1.67	(0.93)	5.40
GCINX	0.62	0.05	(0.07)	(0.13)	0.81	(0.62)	1.10	(1.40)	3.78
GCIFX	0.62	0.05	(0.07)	(0.13)	0.82	(0.62)	1.10	(1.40)	3.79
AOTIX	0.63	0.15	0.07	1.09	0.68	(0.69)	1.44	(0.94)	5.45
MDFSX	0.50	0.09	(0.03)	(0.38)	0.47	(0.66)	1.16	(0.85)	4.09
MNDFX	0.49	0.08	(0.04)	(0.40)	0.46	(0.65)	1.16	(0.79)	4.13
GTCEX	0.45	0.01	(0.01)	0.10	0.49	(0.46)	1.05	(0.69)	3.69
WEIMX	1.36	0.48	0.39	(7.27)	0.44	(1.95)	2.19	(1.33)	28.39
MZCSX	0.11	0.01	(0.47)	0.29	0.00	(0.17)	0.20	(0.20)	0.70
MZCIX	0.11	0.01	(0.49)	0.41	0.00	(0.17)	0.20	(0.20)	0.70

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