Us Small Correlations

DFSTX Fund

USD 52.24 0.32 0.62%

The current 90-days correlation between Us Small Cap and World Core Equity is -0.12 (i.e., Good diversification). The correlation of Us Small 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 Small Correlation With Market

Very poor diversification

The correlation between Us Small Cap and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Us Small Cap 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 Us Small Cap. 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 manufacturing.

Moving together with DFSTX Mutual Fund

0.93	DAABX	Dfa Sustainability	Pair Corr
0.67	DFFVX	Us Targeted Value	Pair Corr
0.64	DFSVX	Us Small Cap	Pair Corr
0.7	DFVEX	Us Vector Equity	Pair Corr
0.96	DGLIX	Global Small	Pair Corr
0.93	VSMAX	Vanguard Small Cap	Pair Corr
0.93	VSCIX	Vanguard Small Cap	Pair Corr
0.93	VSCPX	Vanguard Small Cap	Pair Corr
0.93	NAESX	Vanguard Small Cap	Pair Corr

Related Correlations Analysis

	DREIX	DILRX	DRIIX	DRIHX	DRIGX	DRIWX	DRIUX	DRIRX	DRIQX
DREIX		0.73	0.99	0.96	0.92	0.81	0.8	0.8	0.89	DREIX
DILRX	0.73		0.74	0.77	0.78	0.86	0.84	0.85	0.75	DILRX
DRIIX	0.99	0.74		0.98	0.94	0.84	0.82	0.82	0.91	DRIIX
DRIHX	0.96	0.77	0.98		0.99	0.88	0.87	0.87	0.96	DRIHX
DRIGX	0.92	0.78	0.94	0.99		0.89	0.89	0.88	0.99	DRIGX
DRIWX	0.81	0.86	0.84	0.88	0.89		1.0	1.0	0.86	DRIWX
DRIUX	0.8	0.84	0.82	0.87	0.89	1.0		1.0	0.87	DRIUX
DRIRX	0.8	0.85	0.82	0.87	0.88	1.0	1.0		0.86	DRIRX
DRIQX	0.89	0.75	0.91	0.96	0.99	0.86	0.87	0.86		DRIQX
	DREIX	DILRX	DRIIX	DRIHX	DRIGX	DRIWX	DRIUX	DRIRX	DRIQX

Risk-Adjusted Indicators

There is a big difference between DFSTX Mutual Fund performing well and Us Small 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 Us Small'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DREIX	0.52	0.04	(0.02)	0.38	0.75	(0.49)	1.10	(1.16)	3.48
DILRX	0.64	0.01	(0.05)	0.10	0.83	(0.62)	1.10	(1.27)	2.96
DRIIX	0.41	0.01	(0.01)	0.07	0.57	(0.40)	0.87	(0.90)	2.65
DRIHX	0.37	0.02	0.00	0.09	0.39	(0.39)	0.81	(0.74)	2.14
DRIGX	0.33	0.02	(0.03)	0.09	0.35	(0.37)	0.75	(0.68)	1.99
DRIWX	0.30	0.03	(0.05)	0.25	0.27	(0.35)	0.64	(0.57)	1.74
DRIUX	0.24	0.02	(0.11)	0.20	0.20	(0.28)	0.52	(0.51)	1.30
DRIRX	0.21	0.01	(0.15)	0.18	0.15	(0.27)	0.44	(0.34)	1.12
DRIQX	0.18	0.00	(0.17)	0.06	0.15	(0.21)	0.35	(0.34)	1.02

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Us Small Correlations

Us Small Correlation With Market

Very poor diversification

Moving together with DFSTX Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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