Dimensional International Correlations

Etfs . USA . 
Etf . Dimensional International Core
DFAI Etf  USD 31.77  0.03  0.09%   
The current 90-days correlation between Dimensional International and Dimensional Core Equity is 0.68 (i.e., Poor diversification). The correlation of Dimensional International 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.

Dimensional International Correlation With Market

Poor diversification

The correlation between Dimensional International Core and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dimensional International Core 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 International Core. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Dimensional Etf

  0.95VEA Vanguard FTSE DevelopedPairCorr
  0.95IEFA iShares Core MSCIPairCorr
  0.95VEU Vanguard FTSE AllPairCorr
  0.95EFA iShares MSCI EAFEPairCorr
  0.95IXUS iShares Core MSCIPairCorr
  0.95SPDW SPDR SP WorldPairCorr
  0.95IDEV iShares Core MSCIPairCorr
  0.95ESGD iShares ESG AwarePairCorr
  0.94JIRE JP Morgan ExchangePairCorr
  0.95DFAX Dimensional WorldPairCorr
  0.63GDXU MicroSectors Gold MinersPairCorr
  0.7JNJ Johnson JohnsonPairCorr
  0.73MCD McDonaldsPairCorr
  0.65TRV The Travelers CompaniesPairCorr
  0.73VZ Verizon Communications Aggressive PushPairCorr

Moving against Dimensional Etf

  0.39QTJA Innovator ETFs TrustPairCorr
  0.38UPRO ProShares UltraPro SP500PairCorr
  0.34QTOC Innovator ETFs TrustPairCorr
  0.33XTJA Innovator ETFs TrustPairCorr
  0.31XTOC Innovator ETFs TrustPairCorr
  0.54AXP American ExpressPairCorr
  0.54CAT CaterpillarPairCorr
  0.53BAC Bank of AmericaPairCorr
  0.49HD Home DepotPairCorr
  0.47HPQ HP Inc Sell-off TrendPairCorr
  0.45MRK Merck CompanyPairCorr
  0.43DIS Walt DisneyPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
DFAS
+ 1.0
DFAT
DFAT
+ 0.94
DFAU
DFAS
+ 0.94
DFAU
DFAC
+ 0.92
DFAU
DFAC
+ 0.9
DFAT
DFAC
+ 0.9
DFAS
  
High negative correlations   
DFAS
- 0.39
DFAE
DFAT
- 0.38
DFAE
DFAE
- 0.23
DFAU
DFAC
- 0.21
DFAE

Dimensional International Constituents Risk-Adjusted Indicators

There is a big difference between Dimensional Etf performing well and Dimensional International ETF 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 International'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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