Dnp Select Correlations

DNP Fund

USD 9.88 0.01 0.10%

The current 90-days correlation between Dnp Select Income and Cohen And Steers is -0.01 (i.e., Good diversification). The correlation of Dnp Select 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.

Dnp Select Correlation With Market

Weak diversification

The correlation between Dnp Select Income and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dnp Select Income 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 Dnp Select Income. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

Moving together with Dnp Fund

0.84	DTW	DTE Energy	Pair Corr
0.89	SOJD	Southern	Pair Corr
0.76	GAB	Gabelli Equity Trust	Pair Corr
0.68	FAX	Aberdeen Asia Pacific	Pair Corr
0.66	MFWTX	Mfs Global Total	Pair Corr
0.84	FRGAX	Growth Allocation Index	Pair Corr
0.72	MNDWX	Manning Napier Diver	Pair Corr
0.8	FFEBX	Fidelity Environmental	Pair Corr
0.62	JSVQX	Jpmorgan Small Cap	Pair Corr
0.63	CNBRX	Columbia Amt Free	Pair Corr
0.62	KNGAX	Cboe Vest Sp	Pair Corr
0.68	DBOZX	Dreyfus Balanced Opp	Pair Corr
0.67	CLAZX	Columbia Alternative Beta	Pair Corr
0.71	KGIIX	Kopernik International	Pair Corr
0.64	IGIFX	International Growth And	Pair Corr
0.71	JRBEX	Jpmorgan Smartretirement*	Pair Corr
0.7	FTHSX	Fuller Thaler Behavioral	Pair Corr
0.89	FBRLX	Franklin Lifesmart	Pair Corr
0.73	APDPX	Artisan Global Uncon	Pair Corr
0.67	FSISX	Fidelity Sai Interna	Pair Corr
0.82	RHSAX	Rational Strategic	Pair Corr
0.71	FHAJX	Fidelity Freedom Blend	Pair Corr
0.86	TEOJX	Transamerica Emerging	Pair Corr
0.7	FSAVX	Automotive Portfolio	Pair Corr
0.76	GIIYX	International Equity	Pair Corr
0.7	FUAMX	Fidelity Intermediate	Pair Corr

Moving against Dnp Fund

0.61

UZE

United States Cellular

Pair Corr

Related Correlations Analysis

	UTF	RNP	RQI	PDI	CHY	CHW	CHI	CCD	EVT	UTG
UTF		0.64	0.41	0.76	0.88	0.86	0.81	0.76	0.87	0.76	UTF
RNP	0.64		0.62	0.41	0.81	0.59	0.85	0.48	0.84	0.36	RNP
RQI	0.41	0.62		0.2	0.47	0.3	0.47	0.35	0.55	0.15	RQI
PDI	0.76	0.41	0.2		0.71	0.86	0.61	0.71	0.65	0.94	PDI
CHY	0.88	0.81	0.47	0.71		0.86	0.96	0.81	0.95	0.71	CHY
CHW	0.86	0.59	0.3	0.86	0.86		0.79	0.78	0.81	0.87	CHW
CHI	0.81	0.85	0.47	0.61	0.96	0.79		0.76	0.93	0.59	CHI
CCD	0.76	0.48	0.35	0.71	0.81	0.78	0.76		0.77	0.76	CCD
EVT	0.87	0.84	0.55	0.65	0.95	0.81	0.93	0.77		0.62	EVT
UTG	0.76	0.36	0.15	0.94	0.71	0.87	0.59	0.76	0.62		UTG
	UTF	RNP	RQI	PDI	CHY	CHW	CHI	CCD	EVT	UTG

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Risk-Adjusted Indicators

There is a big difference between Dnp Fund performing well and Dnp Select 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 Dnp Select'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
UTF	0.45	0.09	(0.06)	(0.72)	0.40	(0.50)	0.87	(0.87)	2.43
RNP	0.51	0.05	(0.02)	0.24	0.39	(0.57)	1.35	(0.86)	3.24
RQI	0.58	(0.01)	(0.07)	0.10	0.64	(0.69)	1.70	(1.13)	3.94
PDI	0.18	0.12	0.03	3.09	0.00	(0.25)	0.54	(0.16)	1.50
CHY	0.44	0.08	0.03	0.30	0.35	(0.51)	0.93	(0.87)	2.68
CHW	0.46	0.00	0.04	0.00	0.37	(0.53)	1.01	(1.03)	3.06
CHI	0.43	0.02	(0.09)	0.16	0.37	(0.50)	1.08	(0.77)	1.97
CCD	0.43	0.01	(0.14)	0.47	0.63	(0.44)	0.84	(0.94)	2.79
EVT	0.47	0.05	0.01	0.19	0.45	(0.53)	1.05	(0.69)	3.01
UTG	0.55	0.15	0.12	0.61	0.25	(0.64)	1.29	(1.01)	2.89

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