Dfa Investment Correlations

Mutual Funds . USA . 
Fund . Dfa Investment Grade
DFAPX Fund  USD 10.06  0.04  0.40%   
The current 90-days correlation between Dfa Investment Grade and International E Equity is 0.2 (i.e., Modest diversification). The correlation of Dfa Investment 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 Investment Correlation With Market

Average diversification

The correlation between Dfa Investment Grade and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dfa Investment Grade 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 Investment Grade. 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 american community survey.

Moving together with Dfa Mutual Fund

  0.75DIHRX Intal High RelativePairCorr
  0.87DILRX Dfa InternationalPairCorr
  0.83DIPSX Dfa Inflation ProtectedPairCorr
  0.89DISVX Dfa International SmallPairCorr
  0.78DISMX Dfa InternationalPairCorr
  0.88DMNBX Dfa Mn MunicipalPairCorr
  0.92DNYMX Dfa Ny MunicipalPairCorr
  0.84DOGMX Dfa Oregon MunicipalPairCorr
  0.71DRIWX Dimensional 2030 TargetPairCorr
  0.86DRIUX Dimensional 2025 TargetPairCorr
  0.82DRIRX Dimensional 2020 TargetPairCorr
  0.82DRIQX Dimensional 2015 TargetPairCorr
  0.93DRXIX Dfa Ltip PortfolioPairCorr
  1.0DSFIX Dfa Social FixedPairCorr
  0.83DSSMX Dfa Selective StatePairCorr
  0.67DTCPX Dfa Targeted CreditPairCorr
  0.86DCARX Dfa California MunicipalPairCorr
  0.86DCIBX Dfa Ca IntPairCorr
  0.62DCMSX Dfa Commodity StrategyPairCorr
  0.67DEMGX Emerging Markets TargetedPairCorr
  0.73DESIX Emerging Markets SusPairCorr
  0.9DFALX Large Cap InternationalPairCorr

Moving against Dfa Mutual Fund

  0.62DAABX Dfa SustainabilityPairCorr
  0.43DAADX Dfa Emerging MarketsPairCorr
  0.66DSCGX Dfa SmallPairCorr
  0.4DUSQX Us Lg CapPairCorr

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   
DFIHX
+ 0.99
DFGBX
DFGBX
+ 0.95
DFIEX
DFIHX
+ 0.95
DFIEX
DFCEX
+ 0.79
DFIEX
DFIHX
+ 0.7
DFCEX
DFCEX
+ 0.69
DFGBX
  
High negative correlations   
DFGBX
- 0.53
DFQTX
DFIHX
- 0.49
DFQTX
DFQTX
- 0.45
DFIEX
DFCEX
- 0.2
DFQTX

Risk-Adjusted Indicators

There is a big difference between Dfa Mutual Fund performing well and Dfa Investment 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 Investment'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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