Dfa - Correlations

Mutual Funds . USA . 
Fund . Dfa International
DISMX Fund  USD 17.96  0.01  0.06%   
The current 90-days correlation between Dfa International and Dfa Small is 0.43 (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

Weak diversification

The correlation between Dfa International and DJI is 0.36 (i.e., 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 population.

Moving together with Dfa Mutual Fund

  0.98DIHRX Intal High RelativePairCorr
  0.97DILRX Dfa InternationalPairCorr
  0.64DIPSX Dfa Inflation ProtectedPairCorr
  1.0DISVX Dfa International SmallPairCorr
  0.96DMNBX Dfa Mn MunicipalPairCorr
  0.87DMREX Dfa Municipal RealPairCorr
  0.97DNYMX Dfa Ny MunicipalPairCorr
  0.92DOGMX Dfa Oregon MunicipalPairCorr
  0.98DREIX World Core EquityPairCorr
  0.98DRIIX Dimensional 2045 TargetPairCorr
  0.98DRIHX Dimensional 2040 TargetPairCorr
  0.97DRIGX Dimensional 2035 TargetPairCorr
  0.95DRIWX Dimensional 2030 TargetPairCorr
  0.93DRIUX Dimensional 2025 TargetPairCorr
  0.94DRIRX Dimensional 2020 TargetPairCorr
  0.95DRIQX Dimensional 2015 TargetPairCorr
  0.98DRILX Dimensional 2060 TargetPairCorr
  0.98DRIKX Dimensional 2055 TargetPairCorr
  0.98DRIJX Dimensional 2050 TargetPairCorr
  0.98DAADX Dfa Emerging MarketsPairCorr
  0.93DAABX Dfa SustainabilityPairCorr
  1.0DSCLX Dfa International SocialPairCorr
  0.94DSCGX Dfa SmallPairCorr
  0.74DSFIX Dfa Social FixedPairCorr
  0.98DSHGX Dfa Selectively HedgedPairCorr
  0.92DSSMX Dfa Selective StatePairCorr
  0.96DTCPX Dfa Targeted CreditPairCorr
  0.98DTDRX Dimensional 2065 TargetPairCorr
  0.9DCARX Dfa California MunicipalPairCorr
  0.93DCIBX Dfa Ca IntPairCorr
  0.62DCMSX Dfa Commodity StrategyPairCorr
  0.97DURPX Us High RelativePairCorr
  0.97DUSQX Us Lg CapPairCorr
  0.98DUSLX Dfa LargePairCorr
  0.99DEMSX Emerging Markets SmallPairCorr
  0.98DEMGX Emerging Markets TargetedPairCorr
  0.98DESIX 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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