International Core Correlations

Mutual Funds . USA . 
Fund . International E Equity
DFIEX Fund  USD 18.37  0.04  0.22%   
The current 90-days correlation between International E Equity and Emerging Markets E is 0.53 (i.e., Very weak diversification). The correlation of International Core 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.

International Core Correlation With Market

Good diversification

The correlation between International E Equity and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International E Equity 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 International E Equity. 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 income.

Moving together with International Mutual Fund

  0.71DIHRX Intal High RelativePairCorr
  0.98DILRX Dfa InternationalPairCorr
  0.77DISVX Dfa International SmallPairCorr
  1.0DISMX Dfa InternationalPairCorr
  0.83DMNBX Dfa Mn MunicipalPairCorr
  0.84DNYMX Dfa Ny MunicipalPairCorr
  0.82DOGMX Dfa Oregon MunicipalPairCorr
  0.86DREIX World Core EquityPairCorr
  0.86DRIIX Dimensional 2045 TargetPairCorr
  0.77DRIHX Dimensional 2040 TargetPairCorr
  0.96DRIGX Dimensional 2035 TargetPairCorr
  0.72DRIWX Dimensional 2030 TargetPairCorr
  0.7DRIUX Dimensional 2025 TargetPairCorr
  0.72DRIRX Dimensional 2020 TargetPairCorr
  0.8DRIQX Dimensional 2015 TargetPairCorr
  0.98DRILX Dimensional 2060 TargetPairCorr
  0.77DRIKX Dimensional 2055 TargetPairCorr
  0.77DRIJX Dimensional 2050 TargetPairCorr
  0.97DAADX Dfa Emerging MarketsPairCorr
  0.91DAABX Dfa SustainabilityPairCorr
  0.92DSCGX Dfa SmallPairCorr
  0.97DSHGX Dfa Selectively HedgedPairCorr
  0.89DSSMX Dfa Selective StatePairCorr
  0.81DTCPX Dfa Targeted CreditPairCorr
  0.86DTDRX Dimensional 2065 TargetPairCorr
  0.72DCARX Dfa California MunicipalPairCorr
  0.9DCIBX Dfa Ca IntPairCorr
  0.97DURPX Us High RelativePairCorr
  0.97DUSQX Us Lg CapPairCorr
  0.97DUSLX Dfa LargePairCorr
  0.98DEMSX Emerging Markets SmallPairCorr
  0.77DEMGX Emerging Markets TargetedPairCorr
  0.97DESIX Emerging Markets SusPairCorr
  0.71DFAPX Dfa Investment GradePairCorr
  0.72DFAIX Dfa Short DurationPairCorr
  0.65DFAAX Dfa Global CorePairCorr
  0.87DFCSX Continental Small PanyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between International Mutual Fund performing well and International Core 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 International Core'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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