DODGE COX Correlations

Mutual Funds . USA . 
Fund . DODGE COX STOCK
DODGX Fund  USD 215.62  1.85  0.87%   
The correlation of DODGE COX is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as DODGE COX moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DODGE COX STOCK moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DODGE COX STOCK. Also, note that the market value of any Mutual Fund could be tightly coupled with the direction of predictive economic indicators such as signals in rate.
  
The ability to find closely correlated positions to DODGE COX could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DODGE COX when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back DODGE COX - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling DODGE COX STOCK to buy it.

Moving together with DODGE Mutual Fund

+0.79VIVIXVANGUARD VALUE INDEXPairCorr
+0.9VIVAXVANGUARD VALUE INDEXPairCorr
+0.9VVIAXVANGUARD VALUE INDEXPairCorr
+0.68CMLCXAMERICAN MUTUAL FUNDPairCorr
+0.67RMFHXAMERICAN MUTUAL FUNDPairCorr
+0.74AMRFXAMERICAN MUTUAL FUNDPairCorr
+0.74FFMMXAmerican Funds AmericanPairCorr
+0.68AMFCXAMERICAN MUTUAL FUNDPairCorr
+0.67CMLAXAMERICAN MUTUAL FUNDPairCorr
+0.62RYMEXCOMMODITIES STRATEGY FUNDPairCorr
+0.62RYMJXCOMMODITIES STRATEGY FUNDPairCorr
+0.62RYMBXCOMMODITIES STRATEGY FUNDPairCorr
+0.61BRUFXBRUCE FUND BRUCE Potential GrowthPairCorr
+0.74TARBXTOUCHSTONE ARBITRAGE FUNDPairCorr

Related Correlations

CRATX
TTRBX
URIBX
SPAXX
JGRO
UIITX
CRATX
0.830.950.480.120.87
CRATX
TTRBX
0.830.940.770.320.85
TTRBX
URIBX
0.950.940.660.230.9
URIBX
SPAXX
0.480.770.660.720.66
SPAXX
JGRO
0.120.320.230.720.25
JGRO
UIITX
0.870.850.90.660.25
UIITX
CRATX
TTRBX
URIBX
SPAXX
JGRO
UIITX
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
URIBX
+ 0.95
CRATX
URIBX
+ 0.94
TTRBX
UIITX
+ 0.9
URIBX
UIITX
+ 0.87
CRATX
UIITX
+ 0.85
TTRBX
TTRBX
+ 0.83
CRATX
  

Risk-Adjusted Indicators

Nowadays, there is a big difference between DODGE Mutual Fund performing well and DODGE COX Mutual Fund doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze DODGE COX's multiple risk-adjusted performance indicators. 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		Information
Ratio		Expected
Shortfall		Potential
Upside		Value
At Risk		Maximum
Drawdown
CRATX 0.34  0.00  0.15 (0.04)  0.31  0.13 (0.47)  0.85 (0.64)  1.82 
TTRBX 0.23  0.00  0.18 (0.04)  0.21  0.17 (0.29)  0.51 (0.41)  1.23 
URIBX 0.35  0.01  0.16 (0.08)  0.31  0.14 (0.46)  0.87 (0.55)  1.75 
SPAXX 0.03  0.01  0.00  0.36  0.00  0.41  0.00  0.00  0.00  1.01 
JGRO 0.86  0.21  0.21  0.18  0.81  0.19 (0.97)  2.11 (1.58)  4.66 
UIITX 0.35  0.02  0.17 (1.09)  0.30  0.15 (0.48)  0.87 (0.55)  1.98 

Be your own money manager

Our tools can tell you how much better you can do entering a position in DODGE COX without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Already Invested in DODGE COX STOCK?

The danger of trading DODGE COX STOCK is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of DODGE COX is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than DODGE COX. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile DODGE COX STOCK is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DODGE COX STOCK. Also, note that the market value of any Mutual Fund could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the DODGE COX STOCK information on this page should be used as a complementary analysis to other DODGE COX's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

Complementary Tools for DODGE Mutual Fund analysis

When running DODGE COX's price analysis, check to measure DODGE COX's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy DODGE COX is operating at the current time. Most of DODGE COX's value examination focuses on studying past and present price action to predict the probability of DODGE COX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DODGE COX's price. Additionally, you may evaluate how the addition of DODGE COX to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between DODGE COX's value and its price as these two are different measures arrived at by different means. Investors typically determine if DODGE COX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DODGE COX's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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