Dfa - Correlations

Mutual Funds . USA . 
Fund . Dfa International
DILRX Fund  USD 18.49  0.08  0.43%   
The current 90-days correlation between Dfa International and Dfa Large is 0.58 (i.e., Very weak diversification). The correlation of Dfa - 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 - Correlation With Market

Very weak diversification

The correlation between Dfa International and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dfa International 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 International. 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 metropolitan statistical area.

Moving together with Dfa Mutual Fund

  1.0DIHRX Intal High RelativePairCorr
  0.96DISVX Dfa International SmallPairCorr
  0.97DISMX Dfa InternationalPairCorr
  0.89DMNBX Dfa Mn MunicipalPairCorr
  0.81DMREX Dfa Municipal RealPairCorr
  0.9DNYMX Dfa Ny MunicipalPairCorr
  0.88DOGMX Dfa Oregon MunicipalPairCorr
  0.95DREIX World Core EquityPairCorr
  0.95DRIIX Dimensional 2045 TargetPairCorr
  0.95DRIHX Dimensional 2040 TargetPairCorr
  0.93DRIGX Dimensional 2035 TargetPairCorr
  0.91DRIWX Dimensional 2030 TargetPairCorr
  0.88DRIUX Dimensional 2025 TargetPairCorr
  0.9DRIRX Dimensional 2020 TargetPairCorr
  0.9DRIQX Dimensional 2015 TargetPairCorr
  0.95DRILX Dimensional 2060 TargetPairCorr
  0.95DRIKX Dimensional 2055 TargetPairCorr
  0.95DRIJX Dimensional 2050 TargetPairCorr
  0.94DAADX Dfa Emerging MarketsPairCorr
  0.89DAABX Dfa SustainabilityPairCorr
  0.98DSCLX Dfa International SocialPairCorr
  0.93DSCGX Dfa SmallPairCorr
  0.69DSFIX Dfa Social FixedPairCorr
  0.95DSHGX Dfa Selectively HedgedPairCorr
  0.89DSSMX Dfa Selective StatePairCorr
  0.89DTCPX Dfa Targeted CreditPairCorr
  0.95DTDRX Dimensional 2065 TargetPairCorr
  0.84DCARX Dfa California MunicipalPairCorr
  0.89DCIBX Dfa Ca IntPairCorr
  0.95DURPX Us High RelativePairCorr
  0.94DUSQX Us Lg CapPairCorr
  0.96DUSLX Dfa LargePairCorr
  0.94DEMSX Emerging Markets SmallPairCorr
  0.92DEMGX Emerging Markets TargetedPairCorr
  0.94DESIX Emerging Markets SusPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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