Domini International Correlations

LEADX Fund

USD 10.84 0.12 1.12%

The current 90-days correlation between Domini International and Health Biotchnology Portfolio is 0.47 (i.e., Very weak diversification). The correlation of Domini International 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 International Correlation With Market

Very weak diversification

The correlation between Domini International Opportuni and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Domini International Opportuni and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Domini International Opportunities. 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 unemployment.

Moving together with Domini Mutual Fund

0.9	DOMYX	Domini Impact Intern	Pair Corr
0.9	DOMOX	Domini Impact Intern	Pair Corr
0.9	DOMIX	Domini Impact Intern	Pair Corr
0.82	DSBYX	Domini Impact Bond	Pair Corr
0.81	DSBIX	Domini Impact Bond	Pair Corr
0.83	DSBFX	Domini Impact Bond	Pair Corr
1.0	RISEX	Domini International	Pair Corr
0.78	RERFX	Europacific Growth	Pair Corr
0.79	AEPFX	Europacific Growth	Pair Corr
0.79	CEUAX	Europacific Growth	Pair Corr
0.81	CEUCX	Europacific Growth	Pair Corr
0.8	RERCX	Europacific Growth	Pair Corr
0.79	REREX	Europacific Growth	Pair Corr
0.78	RERGX	Europacific Growth	Pair Corr
0.79	CEUFX	Europacific Growth	Pair Corr
0.8	CEUEX	Europacific Growth	Pair Corr
0.81	RERAX	Europacific Growth	Pair Corr
0.74	BRUFX	Bruce Fund Bruce	Pair Corr
0.88	KF	Korea Closed	Pair Corr

Moving against Domini Mutual Fund

0.59	DIEQX	Domini Impact Equity	Pair Corr
0.59	DSEFX	Domini Impact Equity	Pair Corr
0.59	DSFRX	Domini Impact Equity	Pair Corr
0.84	MGRPX	Growth Portfolio Class	Pair Corr
0.77	GMLPX	Goldman Sachs Mlp	Pair Corr
0.71	XGEIX	Guggenheim Energy Income	Pair Corr
0.69	FZROX	Fidelity Zero Total	Pair Corr
0.65	FTAGX	Salient Tactical Growth	Pair Corr
0.62	TMAPX	Touchstone Mid Cap	Pair Corr
0.61	SPGSX	State Street Premier	Pair Corr
0.61	THCGX	Thornburg E Growth	Pair Corr
0.46	JDBRX	Janus Balanced	Pair Corr

Related Correlations Analysis

	SHPCX	RAGHX	BGHDX	BHSRX	BHCHX	LHCCX	HHCZX	DLHIX
SHPCX		0.84	0.64	0.84	0.79	0.7	-0.59	0.8	SHPCX
RAGHX	0.84		0.84	0.98	0.93	0.53	-0.73	0.96	RAGHX
BGHDX	0.64	0.84		0.85	0.86	0.57	-0.43	0.9	BGHDX
BHSRX	0.84	0.98	0.85		0.95	0.58	-0.69	0.97	BHSRX
BHCHX	0.79	0.93	0.86	0.95		0.66	-0.51	0.91	BHCHX
LHCCX	0.7	0.53	0.57	0.58	0.66		-0.05	0.55	LHCCX
HHCZX	-0.59	-0.73	-0.43	-0.69	-0.51	-0.05		-0.65	HHCZX
DLHIX	0.8	0.96	0.9	0.97	0.91	0.55	-0.65		DLHIX
	SHPCX	RAGHX	BGHDX	BHSRX	BHCHX	LHCCX	HHCZX	DLHIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

BHSRX	+ 0.98	RAGHX
DLHIX	+ 0.97	BHSRX
DLHIX	+ 0.96	RAGHX
BHCHX	+ 0.95	BHSRX
BHCHX	+ 0.93	RAGHX
DLHIX	+ 0.91	BHCHX

High negative correlations

HHCZX	- 0.73	RAGHX
HHCZX	- 0.69	BHSRX
DLHIX	- 0.65	HHCZX
HHCZX	- 0.59	SHPCX
HHCZX	- 0.51	BHCHX
HHCZX	- 0.43	BGHDX

Risk-Adjusted Indicators

There is a big difference between Domini Mutual Fund performing well and Domini International 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 International'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
SHPCX	0.62	(0.16)	0.00	(0.15)	0.00	0.00	0.96	(1.23)	4.21
RAGHX	0.63	(0.17)	0.00	(0.11)	0.00	0.00	0.96	(1.37)	3.33
BGHDX	0.81	(0.13)	0.00	(0.09)	0.00	0.00	1.34	(1.69)	6.08
BHSRX	0.59	(0.14)	0.00	(0.11)	0.00	0.00	0.91	(1.31)	3.39
BHCHX	0.66	(0.13)	0.00	(0.06)	0.00	0.00	1.27	(1.32)	4.20
LHCCX	0.76	(0.10)	(0.12)	0.00	1.01	(0.82)	1.50	(1.57)	5.15
HHCZX	0.16	0.00	(0.46)	0.15	0.00	(0.19)	0.37	(0.31)	1.14
DLHIX	0.64	(0.20)	0.00	(0.16)	0.00	0.00	0.99	(1.45)	4.38

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