Dimensional 2020 Correlations

Mutual Funds . USA . 
Fund . Dimensional 2020 Target
DRIRX Fund  USD 11.25  0.05  0.45%   
The current 90-days correlation between Dimensional 2020 Target and Dreyfus High Yield is 0.54 (i.e., Very weak diversification). The correlation of Dimensional 2020 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 2020 Correlation With Market

Poor diversification

The correlation between Dimensional 2020 Target and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dimensional 2020 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 2020 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 metropolitan statistical area.

Moving together with Dimensional Mutual Fund

  0.86DIHRX Intal High RelativePairCorr
  0.84DILRX Dfa InternationalPairCorr
  0.69DIPSX Dfa Inflation ProtectedPairCorr
  0.86DISVX Dfa International SmallPairCorr
  0.85DISMX Dfa InternationalPairCorr
  0.89DMNBX Dfa Mn MunicipalPairCorr
  0.87DMREX Dfa Municipal RealPairCorr
  0.9DNYMX Dfa Ny MunicipalPairCorr
  0.83DOGMX Dfa Oregon MunicipalPairCorr
  0.92DREIX World Core EquityPairCorr
  0.92DRIIX Dimensional 2045 TargetPairCorr
  0.96DRIHX Dimensional 2040 TargetPairCorr
  0.99DRIGX Dimensional 2035 TargetPairCorr
  1.0DRIWX Dimensional 2030 TargetPairCorr
  1.0DRIUX Dimensional 2025 TargetPairCorr
  0.99DRIQX Dimensional 2015 TargetPairCorr
  0.92DRILX Dimensional 2060 TargetPairCorr
  0.92DRIKX Dimensional 2055 TargetPairCorr
  0.92DRIJX Dimensional 2050 TargetPairCorr
  0.9DAADX Dfa Emerging MarketsPairCorr
  0.92DAABX Dfa SustainabilityPairCorr
  0.86DSCLX Dfa International SocialPairCorr
  0.9DSCGX Dfa SmallPairCorr
  0.8DSFIX Dfa Social FixedPairCorr
  0.92DSHGX Dfa Selectively HedgedPairCorr
  0.8DSSMX Dfa Selective StatePairCorr
  0.9DTCPX Dfa Targeted CreditPairCorr
  0.92DTDRX Dimensional 2065 TargetPairCorr
  0.88DCARX Dfa California MunicipalPairCorr
  0.77DCIBX Dfa Ca IntPairCorr
  0.61DCMSX Dfa Commodity StrategyPairCorr
  0.92DURPX Us High RelativePairCorr
  0.92DUSQX Us Lg CapPairCorr
  0.92DUSLX Dfa LargePairCorr
  0.91DEMSX Emerging Markets SmallPairCorr
  0.91DEMGX Emerging Markets TargetedPairCorr
  0.92DESIX 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 2020 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 2020'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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