Destinations Large Correlations

DLCFX Fund

USD 16.47 0.02 0.12%

The current 90-days correlation between Destinations Large Cap and Old Westbury Municipal is 0.01 (i.e., Significant diversification). The correlation of Destinations Large 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.

Destinations Large Correlation With Market

Very poor diversification

The correlation between Destinations Large Cap and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Destinations Large Cap 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 Destinations Large Cap. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Destinations Mutual Fund

0.98	DIEZX	Destinations International	Pair Corr
0.98	DIEFX	Destinations International	Pair Corr
0.89	DLDFX	Destinations Low Duration	Pair Corr
1.0	DLCZX	Destinations Large Cap	Pair Corr
0.89	DLDZX	Destinations Low Duration	Pair Corr
0.81	DMFFX	Destinations Municipal	Pair Corr
0.79	DMFZX	Destinations Municipal	Pair Corr
0.94	DMSFX	Destinations Multi	Pair Corr
0.95	DMSZX	Destinations Multi	Pair Corr
0.88	DRAFX	Destinations Real Assets	Pair Corr
0.75	DSHZX	Brinker Capital Dest	Pair Corr
0.73	DSHFX	Brinker Capital Dest	Pair Corr
0.96	DSMFX	Destinations Small Mid	Pair Corr
0.97	DSMZX	Destinations Small Mid	Pair Corr
0.97	DGEZX	Destinations Equity	Pair Corr
0.97	DGEFX	Destinations Equity	Pair Corr
0.89	DGFZX	Destinations Global Fixed	Pair Corr
0.89	DGFFX	Destinations Global Fixed	Pair Corr
0.8	VTSAX	Vanguard Total Stock	Pair Corr
0.78	VFIAX	Vanguard 500 Index	Pair Corr
0.8	VTSMX	Vanguard Total Stock	Pair Corr
0.8	VITSX	Vanguard Total Stock	Pair Corr
0.8	VSMPX	Vanguard Total Stock	Pair Corr
0.8	VSTSX	Vanguard Total Stock	Pair Corr
0.79	VFINX	Vanguard 500 Index	Pair Corr
0.78	VFFSX	Vanguard 500 Index	Pair Corr
0.78	VINIX	Vanguard Institutional	Pair Corr
0.78	VIIIX	Vanguard Institutional	Pair Corr

Moving against Destinations Mutual Fund

0.96	CESGX	Coho Relative Value	Pair Corr
0.85	UIPIX	Ultrashort Mid Cap	Pair Corr
0.7	TCSUX	Cleartrack 2020 Class	Pair Corr
0.65	TCTGX	Transamerica Cleartrack	Pair Corr
0.65	TCTJX	Transamerica Cleartrack	Pair Corr
0.64	TDKTX	Cleartrack 2015 Class	Pair Corr
0.39	USPSX	Profunds Ultrashort	Pair Corr
0.37	USPIX	Profunds Ultrashort	Pair Corr

Related Correlations Analysis

	PRFHX	DLGBX	MBSAX	MSTBX	ARTFX	CBOEX	OWMBX
PRFHX		0.47	0.68	0.65	0.82	0.66	0.91	PRFHX
DLGBX	0.47		0.79	0.77	0.66	0.71	0.64	DLGBX
MBSAX	0.68	0.79		0.91	0.85	0.81	0.85	MBSAX
MSTBX	0.65	0.77	0.91		0.81	0.92	0.82	MSTBX
ARTFX	0.82	0.66	0.85	0.81		0.78	0.91	ARTFX
CBOEX	0.66	0.71	0.81	0.92	0.78		0.73	CBOEX
OWMBX	0.91	0.64	0.85	0.82	0.91	0.73		OWMBX
	PRFHX	DLGBX	MBSAX	MSTBX	ARTFX	CBOEX	OWMBX

Risk-Adjusted Indicators

There is a big difference between Destinations Mutual Fund performing well and Destinations Large 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 Destinations Large'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
PRFHX	0.09	0.00	(0.40)	0.12	0.00	(0.15)	0.27	(0.18)	0.81
DLGBX	0.14	0.00	(0.30)	0.06	0.10	(0.19)	0.35	(0.23)	0.69
MBSAX	0.21	0.03	(0.12)	0.25	0.08	(0.26)	0.37	(0.44)	2.24
MSTBX	0.05	0.00	(0.57)	(0.02)	0.00	(0.11)	0.10	(0.10)	0.31
ARTFX	0.09	0.01	(0.43)	0.17	0.00	(0.18)	0.22	(0.11)	0.66
CBOEX	0.08	(0.01)	(0.58)	(0.24)	0.06	(0.12)	0.16	(0.16)	0.48
OWMBX	0.05	0.00	(0.61)	0.37	0.00	(0.10)	0.09	(0.09)	0.43

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