Dfa Ca Correlations

Mutual Funds . USA . 
Fund . Dfa Ca Int Tr
DCIBX Fund  USD 10.44  0.01  0.1%   
The current 90-days correlation between Dfa Ca Int and Pimco California Municipal is 0.73 (i.e., Poor diversification). The correlation of Dfa Ca 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.

Dfa Ca Correlation With Market

Average diversification

The correlation between Dfa Ca Int Tr and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dfa Ca Int Tr 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 Dfa Ca Int Tr. 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 labor statistics.

Moving together with Dfa Mutual Fund

  0.87DIHRX Intal High RelativePairCorr
  0.86DILRX Dfa InternationalPairCorr
  0.85DIPSX Dfa Inflation ProtectedPairCorr
  0.89DISVX Dfa International SmallPairCorr
  0.98DNYMX Dfa Ny MunicipalPairCorr
  1.0DOGMX Dfa Oregon MunicipalPairCorr
  0.92DREIX World Core EquityPairCorr
  0.93DRIIX Dimensional 2045 TargetPairCorr
  0.96DRIHX Dimensional 2040 TargetPairCorr
  0.97DRIGX Dimensional 2035 TargetPairCorr
  0.97DRIWX Dimensional 2030 TargetPairCorr
  0.96DRIUX Dimensional 2025 TargetPairCorr
  0.96DRIRX Dimensional 2020 TargetPairCorr
  0.95DRIQX Dimensional 2015 TargetPairCorr
  0.92DRILX Dimensional 2060 TargetPairCorr
  0.92DRIKX Dimensional 2055 TargetPairCorr
  0.92DRIJX Dimensional 2050 TargetPairCorr
  0.94DAADX Dfa Emerging MarketsPairCorr
  0.94DRXIX Dfa Ltip PortfolioPairCorr
  0.85DSCLX Dfa International SocialPairCorr
  0.95DSFIX Dfa Social FixedPairCorr
  0.92DSHGX Dfa Selectively HedgedPairCorr
  1.0DSSMX Dfa Selective StatePairCorr
  0.94DTCPX Dfa Targeted CreditPairCorr
  0.92DTDRX Dimensional 2065 TargetPairCorr
  0.9DCMSX Dfa Commodity StrategyPairCorr
  0.86DURPX Us High RelativePairCorr
  0.91DUSQX Us Lg CapPairCorr
  0.86DUSLX Dfa LargePairCorr
  0.83DEMSX Emerging Markets SmallPairCorr
  0.91DEMGX Emerging Markets TargetedPairCorr
  0.9DWFIX Dfa World ExPairCorr
  0.95DESIX Emerging Markets SusPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Dfa Mutual Fund performing well and Dfa Ca 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 Dfa Ca'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
PCTIX  0.13  0.06 (0.44) 6.54  0.00 
(0.21)
 0.39 
(0.19)
 0.87 
PRNYX  0.14  0.06 (0.33) 3.75  0.00 
(0.23)
 0.39 
(0.19)
 1.05 
MWHIX  0.12 (0.01)(0.62) 0.04  0.00 
(0.21)
 0.32 
(0.22)
 0.86 
GBAB  0.44  0.03 (0.11) 0.28  0.55 
(0.46)
 0.88 
(0.98)
 3.06 
FOHTX  0.12  0.05 (0.50)(4.30) 0.00 
(0.20)
 0.38 
(0.19)
 0.86 
FLDFX  0.38  0.08 (0.10)(2.04) 0.36 
(0.43)
 0.95 
(0.58)
 3.20 
BFK  0.48  0.03 (0.12) 0.24  0.47 
(0.55)
 1.11 
(0.84)
 2.56 
HULEX  0.51 (0.05)(0.11) 0.06  0.66 
(0.52)
 1.16 
(1.30)
 4.09 
TEPFX  0.06  0.01 (0.94) 3.37  0.00 
(0.12)
 0.10 
(0.10)
 0.41 
IOBAX  0.08  0.01 (0.62) 0.24  0.00 
(0.16)
 0.24 
(0.12)
 0.71 

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