| DFQTX Fund | | | USD 40.88 0.03 0.07% |
The current 90-days correlation between Us E Equity and Emerging Markets E is 0.63 (i.e., Poor diversification). The correlation of Us E 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.
Us E Correlation With Market
Significant diversification
The correlation between Us E Equity and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Us E Equity and DJI in the same portfolio, assuming nothing else is changed.
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Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Us 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 estimate.