Dfa Short-term Correlations

Mutual Funds . USA . 
Fund . Dfa Short Term Government
DFFGX Fund  USD 9.97  0.01  0.10%   
The current 90-days correlation between Dfa Short Term and Prudential Qma Large Cap is 0.07 (i.e., Significant diversification). The correlation of Dfa Short-term 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 Short-term Correlation With Market

Significant diversification

The correlation between Dfa Short Term Government and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dfa Short Term Government 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 Short Term Government. 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 price.

Moving together with Dfa Mutual Fund

  0.9DIHRX Intal High RelativePairCorr
  0.88DILRX Dfa InternationalPairCorr
  0.69DIPSX Dfa Inflation ProtectedPairCorr
  0.97DISVX Dfa International SmallPairCorr
  0.96DISMX Dfa InternationalPairCorr
  0.99DMNBX Dfa Mn MunicipalPairCorr
  0.99DNYMX Dfa Ny MunicipalPairCorr
  0.91DOGMX Dfa Oregon MunicipalPairCorr
  0.77DREIX World Core EquityPairCorr
  0.95DRIIX Dimensional 2045 TargetPairCorr
  0.95DRIHX Dimensional 2040 TargetPairCorr
  0.94DRIGX Dimensional 2035 TargetPairCorr
  0.93DRIWX Dimensional 2030 TargetPairCorr
  0.92DRIUX Dimensional 2025 TargetPairCorr
  0.93DRIRX Dimensional 2020 TargetPairCorr
  0.95DRIQX Dimensional 2015 TargetPairCorr
  0.95DRILX Dimensional 2060 TargetPairCorr
  0.95DRIKX Dimensional 2055 TargetPairCorr
  0.95DRIJX Dimensional 2050 TargetPairCorr
  0.97DAADX Dfa Emerging MarketsPairCorr
  0.91DAABX Dfa SustainabilityPairCorr
  0.8DSCLX Dfa International SocialPairCorr
  0.88DSCGX Dfa SmallPairCorr
  0.77DSFIX Dfa Social FixedPairCorr
  0.95DSHGX Dfa Selectively HedgedPairCorr
  0.89DSSMX Dfa Selective StatePairCorr
  0.99DTCPX Dfa Targeted CreditPairCorr
  0.95DTDRX Dimensional 2065 TargetPairCorr
  0.94DCARX Dfa California MunicipalPairCorr
  0.79DCIBX Dfa Ca IntPairCorr
  0.71DCMSX Dfa Commodity StrategyPairCorr
  0.94DURPX Us High RelativePairCorr
  0.95DUSQX Us Lg CapPairCorr
  0.93DUSLX Dfa LargePairCorr
  0.97DEMSX Emerging Markets SmallPairCorr
  0.98DEMGX Emerging Markets TargetedPairCorr
  0.97DESIX Emerging Markets SusPairCorr
  0.77DFAPX Dfa Investment GradePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Dfa Mutual Fund performing well and Dfa Short-term 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 Short-term'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.

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