Projected Return Density against MarketAssuming 30 trading days horizon, Dodge Cox Income has beta of -0.1 suggesting as returns on benchmark increase, returns on holding Dodge are expected to decrease at a much smaller rate. During bear market, however, Dodge Cox Income is likely to outperform the market. Additionally, Dodge Cox Income has negative alpha implying that risk taken by holding this securing is not justified. The company is significantly underperforming S&P 500 Assuming 30 trading days horizon, the coefficient of variation of Dodge is 186369.46. The daily returns are destributed with a variance of 0.01 and standard deviation of 0.11. The mean deviation of Dodge Cox Income is currently at 0.08. For similar time horizon, the selected benchmark (S&P 500) has volatility of 0.54
Actual Return VolatilityDodge Cox Income shows 0.11% volatility of returns over 30 trading days. S&P 500 shows 0.55% volatility of returns over 30 trading days.
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S&P 500 has a standard deviation of returns of 0.55 and is 5.0 times more volatile than Dodge Cox Income. 1% of all equities and portfolios are less risky than Dodge. Compared with the overall equity markets, volatility of historical daily returns of Dodge Cox Income is lower than 1 (%) of all global equities and portfolios over the last 30 days. Use Dodge Cox Income to protect against small markets fluctuations. The fund experiences normal downward trend and little activity. As returns on market increase, returns on owning Dodge are expected to decrease at a much smaller rate. During bear market, Dodge is likely to outperform the market.
Dodge correlation with market
Dodge Current Risk Indicators
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