Dfa Mn Correlations

DMNBX Fund

USD 9.89 0.01 0.10%

The current 90-days correlation between Dfa Mn Municipal and Wells Fargo Diversified is 0.07 (i.e., Significant diversification). The correlation of Dfa Mn 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 Mn Correlation With Market

Average diversification

The correlation between Dfa Mn Municipal and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dfa Mn Municipal 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 Mn Municipal. 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 bureau of labor statistics.

Moving together with Dfa Mutual Fund

0.64	FKTDX	Franklin Minnesota Tax	Pair Corr
0.63	FMNZX	Franklin Minnesota Tax	Pair Corr
0.64	FMNQX	Franklin Minnesota Tax	Pair Corr
0.67	GAAKX	Gmo Alternative Allo	Pair Corr
0.66	GAAGX	Gmo Alternative Allo	Pair Corr
0.79	SIVIX	State Street Institu	Pair Corr
0.75	TEQAX	Touchstone Sustainability	Pair Corr
0.68	CVX	Chevron Corp	Pair Corr

Moving against Dfa Mutual Fund

0.42	PG	Procter Gamble	Pair Corr
0.41	VZ	Verizon Communications Earnings Call This Week	Pair Corr

Related Correlations Analysis

	EKBDX	LIGFX	TLSHX	FZABX	VYRPX
EKBDX		0.99	0.99	0.94	0.99	EKBDX
LIGFX	0.99		1.0	0.96	1.0	LIGFX
TLSHX	0.99	1.0		0.97	1.0	TLSHX
FZABX	0.94	0.96	0.97		0.95	FZABX
VYRPX	0.99	1.0	1.0	0.95		VYRPX
	EKBDX	LIGFX	TLSHX	FZABX	VYRPX

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Risk-Adjusted Indicators

There is a big difference between Dfa Mutual Fund performing well and Dfa Mn 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 Mn'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
EKBDX	0.84	0.17	0.12	0.41	0.60	(0.89)	2.15	(1.41)	13.08
LIGFX	0.30	0.04	(0.30)	0.39	0.00	(0.36)	0.75	(0.61)	3.19
TLSHX	0.33	0.05	(0.21)	0.37	0.00	(0.40)	0.86	(0.69)	4.06
FZABX	0.72	0.17	0.13	0.47	0.00	(0.85)	1.48	(1.26)	9.56
VYRPX	0.27	0.03	(0.35)	0.34	0.00	(0.36)	0.67	(0.60)	2.78

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