Dfa Municipal Correlations

Mutual Funds . USA . 
Fund . Dfa Municipal Real
DMREX Fund  USD 10.86  0.01  0.09%   
The current 90-days correlation between Dfa Municipal Real and Barings High Yield is -0.02 (i.e., Good diversification). The correlation of Dfa Municipal 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 Municipal Correlation With Market

Good diversification

The correlation between Dfa Municipal Real and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dfa Municipal Real 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 Municipal Real. 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 income.

Moving together with Dfa Mutual Fund

  0.83DIHRX Intal High RelativePairCorr
  0.81DILRX Dfa InternationalPairCorr
  0.79DIPSX Dfa Inflation ProtectedPairCorr
  0.9DISVX Dfa International SmallPairCorr
  0.88DISMX Dfa InternationalPairCorr
  0.94DMNBX Dfa Mn MunicipalPairCorr
  0.93DNYMX Dfa Ny MunicipalPairCorr
  0.92DOGMX Dfa Oregon MunicipalPairCorr
  0.9DREIX World Core EquityPairCorr
  0.9DRIIX Dimensional 2045 TargetPairCorr
  0.89DRIHX Dimensional 2040 TargetPairCorr
  0.89DRIGX Dimensional 2035 TargetPairCorr
  0.89DRIWX Dimensional 2030 TargetPairCorr
  0.89DRIUX Dimensional 2025 TargetPairCorr
  0.9DRIRX Dimensional 2020 TargetPairCorr
  0.93DRIQX Dimensional 2015 TargetPairCorr
  0.9DRILX Dimensional 2060 TargetPairCorr
  0.9DRIKX Dimensional 2055 TargetPairCorr
  0.9DRIJX Dimensional 2050 TargetPairCorr
  0.9DAADX Dfa Emerging MarketsPairCorr
  0.89DAABX Dfa SustainabilityPairCorr
  0.88DSCLX Dfa International SocialPairCorr
  0.85DSCGX Dfa SmallPairCorr
  0.77DSFIX Dfa Social FixedPairCorr
  0.9DSHGX Dfa Selectively HedgedPairCorr
  0.89DSSMX Dfa Selective StatePairCorr
  0.93DTCPX Dfa Targeted CreditPairCorr
  0.9DTDRX Dimensional 2065 TargetPairCorr
  0.99DCARX Dfa California MunicipalPairCorr
  0.88DCIBX Dfa Ca IntPairCorr
  0.89DURPX Us High RelativePairCorr
  0.9DUSQX Us Lg CapPairCorr
  0.87DUSLX Dfa LargePairCorr
  0.9DEMSX Emerging Markets SmallPairCorr
  0.9DEMGX Emerging Markets TargetedPairCorr
  0.89DESIX 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 Municipal 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 Municipal'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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