Dfa Calfrna Correlations

Mutual Funds . USA . 
Fund . Dfa Calfrna Shrt
DFCMX Fund  USD 10.24  0.01  0.1%   
The current 90-days correlation between Dfa Calfrna Shrt and Intal High Relative is 0.33 (i.e., Weak diversification). The correlation of Dfa Calfrna 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 Calfrna Correlation With Market

Average diversification

The correlation between Dfa Calfrna Shrt and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dfa Calfrna Shrt 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 Calfrna Shrt. 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 population.

Moving together with Dfa Mutual Fund

  0.93DIHRX Intal High RelativePairCorr
  0.92DILRX Dfa InternationalPairCorr
  0.7DIPSX Dfa Inflation ProtectedPairCorr
  0.97DISVX Dfa International SmallPairCorr
  0.97DISMX Dfa InternationalPairCorr
  0.99DMNBX Dfa Mn MunicipalPairCorr
  0.93DMREX Dfa Municipal RealPairCorr
  0.99DNYMX Dfa Ny MunicipalPairCorr
  0.95DOGMX Dfa Oregon MunicipalPairCorr
  0.97DREIX World Core EquityPairCorr
  0.97DRIIX Dimensional 2045 TargetPairCorr
  0.97DRIHX Dimensional 2040 TargetPairCorr
  0.95DRIGX Dimensional 2035 TargetPairCorr
  0.94DRIWX Dimensional 2030 TargetPairCorr
  0.93DRIUX Dimensional 2025 TargetPairCorr
  0.94DRIRX Dimensional 2020 TargetPairCorr
  0.96DRIQX Dimensional 2015 TargetPairCorr
  0.97DRILX Dimensional 2060 TargetPairCorr
  0.97DRIKX Dimensional 2055 TargetPairCorr
  0.97DRIJX Dimensional 2050 TargetPairCorr
  0.97DAADX Dfa Emerging MarketsPairCorr
  0.93DAABX Dfa SustainabilityPairCorr
  0.96DSCLX Dfa International SocialPairCorr
  0.92DSCGX Dfa SmallPairCorr
  0.76DSFIX Dfa Social FixedPairCorr
  0.97DSHGX Dfa Selectively HedgedPairCorr
  0.93DSSMX Dfa Selective StatePairCorr
  0.98DTCPX Dfa Targeted CreditPairCorr
  0.97DTDRX Dimensional 2065 TargetPairCorr
  0.95DCARX Dfa California MunicipalPairCorr
  0.94DCIBX Dfa Ca IntPairCorr
  0.67DCMSX Dfa Commodity StrategyPairCorr
  0.96DURPX Us High RelativePairCorr
  0.97DUSQX Us Lg CapPairCorr
  0.96DUSLX Dfa LargePairCorr
  0.98DEMSX Emerging Markets SmallPairCorr
  0.98DEMGX Emerging Markets TargetedPairCorr
  0.66DWFIX Dfa World ExPairCorr
  0.97DESIX Emerging Markets SusPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Dfa Mutual Fund performing well and Dfa Calfrna 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 Calfrna'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
DIHRX  0.55  0.14  0.06  0.51  0.26 
(0.67)
 1.30 
(1.03)
 3.75 
DILRX  0.57  0.14  0.06  0.48  0.30 
(0.62)
 1.32 
(1.06)
 3.81 
DIPSX  0.25  0.01 (0.40)(0.14) 0.34 
(0.24)
 0.46 
(0.55)
 1.47 
DISVX  0.53  0.26  0.21  1.28  0.00 
(0.65)
 1.45 
(0.93)
 3.67 
DISMX  0.54  0.25  0.20  1.00  0.00 
(0.67)
 1.47 
(0.78)
 4.00 
DMNBX  0.05  0.02  0.00  2.17  0.00 
 0.00 
 0.10 
 0.00 
 0.62 
DMREX  0.06  0.01 (1.06)(0.42) 0.00 
(0.10)
 0.09 
(0.09)
 0.37 
DNYMX  0.05  0.01  0.00  1.22  0.00 
 0.00 
 0.10 
 0.00 
 0.60 
DOGMX  0.11  0.02 (0.59) 1.73  0.00 
(0.16)
 0.21 
(0.21)
 1.67 
DREIX  0.54  0.14  0.14  0.36  0.20 
(0.64)
 1.64 
(1.23)
 3.66 

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