Domini Impact Correlations

DSBIX Fund

USD 10.09 0.02 0.20%

The correlation of Domini Impact 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.

Domini Impact Correlation With Market

Good diversification

The correlation between Domini Impact Bond and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Domini Impact Bond 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 Domini Impact Bond. 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 gross domestic product.

Moving together with Domini Mutual Fund

0.63	DOMYX	Domini Impact Intern	Pair Corr
0.64	DOMOX	Domini Impact Intern	Pair Corr
0.64	DOMIX	Domini Impact Intern	Pair Corr
1.0	DSBYX	Domini Impact Bond	Pair Corr
1.0	DSBFX	Domini Impact Bond	Pair Corr
0.82	RISEX	Domini International	Pair Corr
0.81	LEADX	Domini International	Pair Corr
1.0	MWTNX	Metropolitan West Total	Pair Corr
1.0	MWTSX	Metropolitan West Total	Pair Corr
0.99	PTTPX	Pimco Total Return	Pair Corr
0.99	PTRRX	Total Return	Pair Corr
0.99	PTRAX	Total Return	Pair Corr
0.99	PTTRX	Total Return	Pair Corr
1.0	FIWGX	Strategic Advisers	Pair Corr
0.99	DODIX	Dodge Income	Pair Corr
1.0	MWTIX	Metropolitan West Total	Pair Corr
1.0	MWTRX	Metropolitan West Total	Pair Corr
0.77	DGDIX	Dreyfus Global Dynamic	Pair Corr

Moving against Domini Mutual Fund

0.69	DIEQX	Domini Impact Equity	Pair Corr
0.69	DSEFX	Domini Impact Equity	Pair Corr
0.69	DSFRX	Domini Impact Equity	Pair Corr
0.8	INPIX	Internet Ultrasector	Pair Corr
0.8	INPSX	Internet Ultrasector	Pair Corr
0.76	VITSX	Vanguard Total Stock	Pair Corr
0.75	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.75	RYVLX	Nasdaq 100 2x	Pair Corr
0.75	RYVYX	Nasdaq 100 2x	Pair Corr
0.75	UOPIX	Ultra Nasdaq 100	Pair Corr
0.75	RYCCX	Nasdaq 100 2x	Pair Corr
0.75	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.66	JMVIX	Perkins Mid Cap	Pair Corr
0.64	WSMVX	Small Pany Value	Pair Corr
0.53	SWPRX	Schwab Target 2060	Pair Corr

Related Correlations Analysis

	LCFYX	PBXIX	FSAWX	VAADX
LCFYX		0.97	0.95	0.99	LCFYX
PBXIX	0.97		0.92	0.98	PBXIX
FSAWX	0.95	0.92		0.94	FSAWX
VAADX	0.99	0.98	0.94		VAADX
	LCFYX	PBXIX	FSAWX	VAADX

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Risk-Adjusted Indicators

There is a big difference between Domini Mutual Fund performing well and Domini Impact 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 Domini Impact'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
LCFYX	0.37	0.09	0.04	0.32	0.00	(0.45)	1.01	(0.69)	2.22
PBXIX	0.31	0.04	(0.09)	0.21	0.00	(0.40)	0.87	(0.55)	1.94
FSAWX	0.08	0.03	(0.83)	2.50	0.00	(0.13)	0.19	(0.09)	0.46
VAADX	0.43	0.09	0.07	0.29	0.18	(0.53)	1.09	(0.84)	2.28

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