Dfa Selective Correlations

Mutual Funds . USA . 
Fund . Dfa Selective State
DSSMX Fund  USD 9.38  0.01  0.11%   
The current 90-days correlation between Dfa Selective State and Ultra Short Term Fixed is -0.11 (i.e., Good diversification). The correlation of Dfa Selective 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 Selective Correlation With Market

Very good diversification

The correlation between Dfa Selective State and DJI is -0.28 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dfa Selective State 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 Selective State. 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

  0.76DMNBX Dfa Mn MunicipalPairCorr
  0.9DMREX Dfa Municipal RealPairCorr
  0.71DNYMX Dfa Ny MunicipalPairCorr
  0.95DOGMX Dfa Oregon MunicipalPairCorr
  0.63DRIHX Dimensional 2040 TargetPairCorr
  0.7DRIGX Dimensional 2035 TargetPairCorr
  0.75DRIWX Dimensional 2030 TargetPairCorr
  0.79DRIUX Dimensional 2025 TargetPairCorr
  0.86DRIRX Dimensional 2020 TargetPairCorr
  0.82DRIQX Dimensional 2015 TargetPairCorr
  0.65DAADX Dfa Emerging MarketsPairCorr
  0.65DAABX Dfa SustainabilityPairCorr
  0.71DSFIX Dfa Social FixedPairCorr
  0.62DTCPX Dfa Targeted CreditPairCorr
  0.9DCARX Dfa California MunicipalPairCorr
  0.99DCIBX Dfa Ca IntPairCorr
  0.63DURPX Us High RelativePairCorr
  0.62DUSQX Us Lg CapPairCorr
  0.63DUSLX Dfa LargePairCorr
  0.69DEMGX Emerging Markets TargetedPairCorr
  0.61DESIX 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 Selective 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 Selective'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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