Dfa Five-year Correlations

Mutual Funds . USA . 
Fund . Dfa Five Year Global
DFGBX Fund  USD 10.24  0.01  0.1%   
The current 90-days correlation between Dfa Five Year and Elfun Government Money is -0.06 (i.e., Good diversification). The correlation of Dfa Five-year 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 Five-year Correlation With Market

Good diversification

The correlation between Dfa Five Year Global and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dfa Five Year Global 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 Five Year Global. 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

  0.84DIHRX Intal High RelativePairCorr
  0.86DILRX Dfa InternationalPairCorr
  0.89DISVX Dfa International SmallPairCorr
  0.92DISMX Dfa InternationalPairCorr
  0.84DMNBX Dfa Mn MunicipalPairCorr
  0.69DMREX Dfa Municipal RealPairCorr
  0.82DREIX World Core EquityPairCorr
  0.82DRIIX Dimensional 2045 TargetPairCorr
  0.77DRIHX Dimensional 2040 TargetPairCorr
  0.7DRIGX Dimensional 2035 TargetPairCorr
  0.64DRIWX Dimensional 2030 TargetPairCorr
  0.61DRIUX Dimensional 2025 TargetPairCorr
  0.69DRIRX Dimensional 2020 TargetPairCorr
  0.77DRIQX Dimensional 2015 TargetPairCorr
  0.82DRILX Dimensional 2060 TargetPairCorr
  0.82DRIKX Dimensional 2055 TargetPairCorr
  0.82DRIJX Dimensional 2050 TargetPairCorr
  0.89DAADX Dfa Emerging MarketsPairCorr
  0.62DAABX Dfa SustainabilityPairCorr
  0.88DSCLX Dfa International SocialPairCorr
  0.72DSCGX Dfa SmallPairCorr
  0.8DSHGX Dfa Selectively HedgedPairCorr
  0.96DTCPX Dfa Targeted CreditPairCorr
  0.82DTDRX Dimensional 2065 TargetPairCorr
  0.77DCARX Dfa California MunicipalPairCorr
  0.75DURPX Us High RelativePairCorr
  0.78DUSQX Us Lg CapPairCorr
  0.8DUSLX Dfa LargePairCorr
  0.88DEMSX Emerging Markets SmallPairCorr
  0.86DEMGX Emerging Markets TargetedPairCorr
  0.8DWFIX Dfa World ExPairCorr
  0.86DESIX Emerging Markets SusPairCorr
  0.84DFALX Large Cap InternationalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Dfa Mutual Fund performing well and Dfa Five-year 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 Five-year'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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