Dodge Cox Correlations

DOXLX Fund

USD 10.94 0.02 0.18%

The current 90-days correlation between Dodge Cox Global and Lord Abbett High is 0.08 (i.e., Significant diversification). The correlation of Dodge Cox 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.

Dodge Cox Correlation With Market

Good diversification

The correlation between Dodge Cox Global and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dodge Cox Global 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 Dodge Cox Global. 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 bureau of economic analysis.

Moving together with Dodge Mutual Fund

1.0	DODLX	Dodge Global Bond	Pair Corr
0.98	DODIX	Dodge Income	Pair Corr
0.98	DOXIX	Dodge Cox Income	Pair Corr
0.98	FGBRX	Templeton Global Bond	Pair Corr
0.98	FBNRX	Templeton Global Bond	Pair Corr
0.97	FCWBX	Capital World Bond	Pair Corr
0.98	RCWBX	Capital World Bond	Pair Corr
0.98	CCWFX	Capital World Bond	Pair Corr
0.98	CCWCX	Capital World Bond	Pair Corr
0.98	RCWEX	Capital World Bond	Pair Corr
0.98	CCWEX	Capital World Bond	Pair Corr
0.98	RCWCX	Capital World Bond	Pair Corr
0.98	RCWGX	Capital World Bond	Pair Corr

Moving against Dodge Mutual Fund

0.75	DOXGX	Dodge Cox Stock	Pair Corr
0.74	DODGX	Dodge Stock Fund	Pair Corr
0.5	DOXBX	Dodge Cox Balanced	Pair Corr
0.49	DODBX	Dodge Balanced	Pair Corr
0.82	KSOCX	Kinetics Small Cap Steady Growth	Pair Corr
0.82	KSCYX	Kinetics Small Cap Steady Growth	Pair Corr
0.82	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.82	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.82	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.82	KSCOX	Kinetics Small Cap Steady Growth	Pair Corr
0.82	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.8	KINAX	Kinetics Internet	Pair Corr
0.8	KINCX	Kinetics Internet	Pair Corr
0.8	PFRIX	Prudential Floating Rate	Pair Corr
0.75	LETRX	Voya Russia Fund	Pair Corr
0.71	SPXUX	Wisdomtree Digital Trust	Pair Corr
0.7	VFIAX	Vanguard 500 Index	Pair Corr
0.67	FLCNX	Fidelity Contrafund	Pair Corr
0.67	ARTMX	Artisan Mid Cap	Pair Corr
0.64	VMIDX	Mid Cap Index	Pair Corr

Related Correlations Analysis

	LHYOX	PKHIX	PGHCX	PHYPX	CYBAX	PHSIX	ACHFX
LHYOX		0.97	0.99	0.94	0.92	0.95	0.95	LHYOX
PKHIX	0.97		0.98	0.91	0.93	0.93	0.93	PKHIX
PGHCX	0.99	0.98		0.93	0.93	0.95	0.94	PGHCX
PHYPX	0.94	0.91	0.93		0.81	0.94	0.91	PHYPX
CYBAX	0.92	0.93	0.93	0.81		0.88	0.92	CYBAX
PHSIX	0.95	0.93	0.95	0.94	0.88		0.98	PHSIX
ACHFX	0.95	0.93	0.94	0.91	0.92	0.98		ACHFX
	LHYOX	PKHIX	PGHCX	PHYPX	CYBAX	PHSIX	ACHFX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Dodge Mutual Fund performing well and Dodge Cox 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 Dodge Cox'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LHYOX	0.13	0.03	(0.46)	14.75	(0.21)	0.31	(0.16)	0.93
PKHIX	0.11	0.02	(0.51)	(1.46)	(0.18)	0.34	(0.22)	0.90
PGHCX	0.13	0.03	(0.34)	(1.02)	(0.34)	0.53	(0.26)	0.80
PHYPX	0.10	0.01	(0.57)	0.25	(0.15)	0.23	(0.23)	0.68
CYBAX	0.10	0.01	(0.87)	(2.35)	(0.13)	0.24	(0.16)	0.73
PHSIX	0.12	0.01	(0.61)	0.26	(0.19)	0.33	(0.22)	0.99
ACHFX	0.13	0.01	(0.58)	0.25	(0.21)	0.35	(0.23)	0.93

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

2024 Macroaxis LLC