Davis Financial Correlations

Mutual Funds . USA . 
Fund . Davis Financial Fund
DFFCX Fund  USD 55.95  0.05  0.09%   
The current 90-days correlation between Davis Financial and Davis International Fund is -0.1 (i.e., Good diversification). The correlation of Davis Financial 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 Financial Correlation With Market

Very poor diversification

The correlation between Davis Financial Fund and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Davis Financial Fund 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 Davis Financial 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 main economic indicators.

Moving together with Davis Mutual Fund

  0.96DILCX Davis InternationalPairCorr
  0.96DILAX Davis InternationalPairCorr
  0.97DILYX Davis InternationalPairCorr
  0.98RPFGX Davis FinancialPairCorr
  0.97RPFCX Davis Appreciation IncomePairCorr
  0.8RPFRX Davis Real EstatePairCorr
  0.97RPEAX Davis OpportunityPairCorr
  0.99DNVYX Davis New YorkPairCorr
  0.78RFBAX Davis Government BondPairCorr
  0.82DREYX Davis Real EstatePairCorr
  0.97NYVCX Davis New YorkPairCorr
  0.99NYVBX Davis New YorkPairCorr
  0.99NYVRX Davis New YorkPairCorr
  0.97NYVTX Davis New YorkPairCorr
  0.99DCSYX Davis Appreciation IncomePairCorr
  0.98DVFYX Davis FinancialPairCorr
  0.98DGFCX Davis GlobalPairCorr
  0.96DGFAX Davis GlobalPairCorr
  0.98DGFYX Davis GlobalPairCorr
  0.98DGOCX Davis OpportunityPairCorr
  0.99VFAIX Vanguard Financials IndexPairCorr
  0.94FRBCX Regional BankPairCorr
  0.96JRGRX Regional BankPairCorr
  1.0PRISX T Rowe PricePairCorr
  0.95FIDCX Financial IndustriesPairCorr
  0.98JFDRX Financial IndustriesPairCorr
  0.98TFIFX T Rowe PricePairCorr
  0.97ASG Liberty All StarPairCorr
  0.92IIF Morgan Stanley IndiaPairCorr
  0.97CII Blackrock EnhancedPairCorr
  0.76IFN India ClosedPairCorr
  0.97ETV Eaton Vance TaxPairCorr
  0.91CLM Cornerstone Strategic Sell-off TrendPairCorr
  0.88CRF Cornerstone StrategicPairCorr
  0.96USA Liberty All StarPairCorr
  0.98ETY Eaton Vance TaxPairCorr
  0.97NFJ Virtus Dividend InterestPairCorr
  0.96FMSDX Fidelity Advisor MultiPairCorr
  0.97RIV Rivernorth OpportunitiesPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Davis Mutual Fund performing well and Davis Financial 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 Davis Financial'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
DILCX  0.71  0.29  0.20 (8.58) 0.25 
(0.90)
 1.98 
(1.28)
 4.52 
DILAX  0.71  0.29  0.20 (8.95) 0.25 
(0.86)
 1.98 
(1.24)
 4.50 
DILYX  0.71  0.21  0.20  0.54  0.27 
(0.88)
 2.00 
(1.26)
 4.55 
RPFGX  0.72  0.28  0.14 (2.72) 0.57 
(0.84)
 1.80 
(1.33)
 5.12 
RPFCX  0.52  0.13 (0.01)(3.93) 0.45 
(0.59)
 1.48 
(0.92)
 3.91 
RPFRX  0.65  0.09 (0.06)(0.58) 0.88 
(0.64)
 1.59 
(1.44)
 4.50 
RFBAX  0.09  0.01 (0.64)(0.28) 0.00 
(0.22)
 0.20 
(0.20)
 0.78 
DREYX  0.65 (0.01)(0.06) 0.12  0.88 
(0.64)
 1.62 
(1.45)
 4.49 
NYVCX  0.69  0.22  0.09 (2.86) 0.47 
(0.76)
 2.12 
(1.24)
 5.77 
NYVRX  0.69  0.09  0.09  0.23  0.47 
(0.74)
 2.12 
(1.21)
 5.77 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY