Dimensional 2050 Correlations

Mutual Funds . USA . 
Fund . Dimensional 2050 Target
DRIJX Fund  USD 20.73  0.01  0.05%   
The current 90-days correlation between Dimensional 2050 Target and Dimensional 2040 Target is 0.95 (i.e., Almost no diversification). The correlation of Dimensional 2050 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.

Dimensional 2050 Correlation With Market

Very poor diversification

The correlation between Dimensional 2050 Target and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dimensional 2050 Target 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 Dimensional 2050 Target. 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 inflation.

Moving together with Dimensional Mutual Fund

  0.79DILRX Dfa InternationalPairCorr
  0.97DISVX Dfa International SmallPairCorr
  0.87DISMX Dfa InternationalPairCorr
  0.96DMNBX Dfa Mn MunicipalPairCorr
  0.96DNYMX Dfa Ny MunicipalPairCorr
  0.92DOGMX Dfa Oregon MunicipalPairCorr
  1.0DREIX World Core EquityPairCorr
  1.0DRIIX Dimensional 2045 TargetPairCorr
  1.0DRIHX Dimensional 2040 TargetPairCorr
  0.81DRIGX Dimensional 2035 TargetPairCorr
  0.62DRIWX Dimensional 2030 TargetPairCorr
  0.93DRIUX Dimensional 2025 TargetPairCorr
  0.95DRIRX Dimensional 2020 TargetPairCorr
  0.96DRIQX Dimensional 2015 TargetPairCorr
  0.85DRILX Dimensional 2060 TargetPairCorr
  1.0DRIKX Dimensional 2055 TargetPairCorr
  0.88DAADX Dfa Emerging MarketsPairCorr
  0.81DAABX Dfa SustainabilityPairCorr
  0.79DSCGX Dfa SmallPairCorr
  0.86DSHGX Dfa Selectively HedgedPairCorr
  0.78DSSMX Dfa Selective StatePairCorr
  0.95DTCPX Dfa Targeted CreditPairCorr
  1.0DTDRX Dimensional 2065 TargetPairCorr
  0.9DCARX Dfa California MunicipalPairCorr
  0.8DCIBX Dfa Ca IntPairCorr
  0.84DURPX Us High RelativePairCorr
  0.85DUSQX Us Lg CapPairCorr
  0.84DUSLX Dfa LargePairCorr
  0.88DEMSX Emerging Markets SmallPairCorr
  0.66DEMGX Emerging Markets TargetedPairCorr
  0.87DESIX Emerging Markets SusPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Dimensional Mutual Fund performing well and Dimensional 2050 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 Dimensional 2050'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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