Dimensional Targeted Correlations

DFAT Etf

USD 57.24 0.35 0.62%

The current 90-days correlation between Dimensional Targeted and Strategy Shares is 0.6 (i.e., Poor diversification). The correlation of Dimensional Targeted 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.

Dimensional Targeted Correlation With Market

Poor diversification

The correlation between Dimensional Targeted Value and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dimensional Targeted Value and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Dimensional Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dimensional Targeted Value. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Dimensional Etf

0.92	VBR	Vanguard Small Cap	Pair Corr
0.96	IJJ	iShares SP Mid	Pair Corr
0.98	AVUV	Avantis Small Cap	Pair Corr
0.98	DES	WisdomTree SmallCap	Pair Corr
0.95	MDYV	SPDR SP 400	Pair Corr
0.76	CALF	Pacer Small Cap	Pair Corr
0.69	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.71	HPQ	HP Inc Earnings Call Tomorrow	Pair Corr
0.8	HD	Home Depot	Pair Corr

Moving against Dimensional Etf

0.45	USD	ProShares Ultra Semi	Pair Corr
0.76	SGVT	Schwab Strategic Trust	Pair Corr
0.69	CSCO	Cisco Systems	Pair Corr
0.67	CAT	Caterpillar	Pair Corr
0.56	KO	Coca Cola Aggressive Push	Pair Corr
0.54	DD	Dupont De Nemours	Pair Corr
0.54	MRK	Merck Company Aggressive Push	Pair Corr
0.49	IBM	International Business	Pair Corr
0.45	TCAI	Tortoise Capital Series	Pair Corr
0.43	XOM	Exxon Mobil Corp	Pair Corr
0.35	QQQ	Invesco QQQ Trust	Pair Corr
0.34	AXP	American Express	Pair Corr

Related Correlations Analysis

	DHSB	MBOX	DIEM	MCHI	DIPS	DISO	DIVB	DIVD	DIVG
DHSB		0.29	0.89	0.55	-0.73	-0.11	0.61	0.43	0.25	DHSB
MBOX	0.29		0.14	0.78	0.09	0.21	0.75	0.29	0.81	MBOX
DIEM	0.89	0.14		0.5	-0.77	-0.25	0.45	0.53	0.01	DIEM
MCHI	0.55	0.78	0.5		-0.31	0.02	0.66	0.29	0.51	MCHI
DIPS	-0.73	0.09	-0.77	-0.31		0.1	-0.29	-0.33	0.16	DIPS
DISO	-0.11	0.21	-0.25	0.02	0.1		0.28	-0.05	0.2	DISO
DIVB	0.61	0.75	0.45	0.66	-0.29	0.28		0.54	0.78	DIVB
DIVD	0.43	0.29	0.53	0.29	-0.33	-0.05	0.54		0.29	DIVD
DIVG	0.25	0.81	0.01	0.51	0.16	0.2	0.78	0.29		DIVG
	DHSB	MBOX	DIEM	MCHI	DIPS	DISO	DIVB	DIVD	DIVG

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

DIEM	+ 0.89	DHSB
DIVG	+ 0.81	MBOX
MCHI	+ 0.78	MBOX
DIVG	+ 0.78	DIVB
DIVB	+ 0.75	MBOX
DIVB	+ 0.66	MCHI

High negative correlations

DIPS	- 0.77	DIEM
DIPS	- 0.73	DHSB
DIVD	- 0.33	DIPS
DIPS	- 0.31	MCHI
DIVB	- 0.29	DIPS
DISO	- 0.25	DIEM

Dimensional Targeted Constituents Risk-Adjusted Indicators

There is a big difference between Dimensional Etf performing well and Dimensional Targeted ETF 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 Dimensional Targeted'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
DHSB	0.15	0.00	(0.04)	0.03	0.21	(0.15)	0.31	(0.43)	1.12
MBOX	0.50	(0.02)	0.00	(0.02)	0.00	0.00	0.98	(1.08)	3.23
DIEM	0.60	0.05	0.04	0.08	0.85	(0.59)	1.14	(1.19)	4.59
MCHI	1.07	(0.01)	(0.01)	0.01	1.49	(1.09)	1.74	(1.68)	8.40
DIPS	1.42	0.05	0.00	(0.03)	2.03	(1.42)	3.03	(3.12)	8.87
DISO	0.87	(0.15)	0.00	(0.12)	0.00	0.00	1.65	(1.45)	8.60
DIVB	0.50	(0.02)	(0.04)	(0.01)	0.72	(0.49)	0.95	(1.07)	3.36
DIVD	0.46	0.01	0.00	0.03	0.52	(0.52)	0.98	(0.85)	2.79
DIVG	0.51	(0.03)	0.00	(0.03)	0.00	0.00	0.97	(1.17)	2.82

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