Dimensional Small Correlations

Etfs . USA . 
Etf . Dimensional Small Cap
DFAS Etf  USD 61.65  0.34  0.55%   
The current 90-days correlation between Dimensional Small Cap and Dimensional Targeted Value is 0.96 (i.e., Almost no diversification). The correlation of Dimensional Small 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 Small Correlation With Market

Very poor diversification

The correlation between Dimensional Small Cap and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dimensional Small Cap 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 Small Cap. 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

  1.0VB Vanguard Small CapPairCorr
  1.0IJR iShares Core SPPairCorr
  0.99IWM iShares Russell 2000 Aggressive PushPairCorr
  0.94VRTIX Vanguard Russell 2000PairCorr
  0.99VTWO Vanguard Russell 2000PairCorr
  1.0FNDA Schwab Fundamental SmallPairCorr
  1.0SPSM SPDR Portfolio SPPairCorr
  1.0VIOO Vanguard SP SmallPairCorr
  1.0PRFZ Invesco FTSE RAFIPairCorr
  0.95VTI Vanguard Total StockPairCorr
  0.93SPY SPDR SP 500 Aggressive PushPairCorr
  0.93IVV iShares Core SPPairCorr
  0.95VUG Vanguard Growth IndexPairCorr
  0.91VO Vanguard Mid CapPairCorr
  0.71JPM JPMorgan ChasePairCorr
  0.66WMT WalmartPairCorr
  0.7CAT CaterpillarPairCorr
  0.87BAC Bank of America Aggressive PushPairCorr
  0.85HD Home DepotPairCorr
  0.65DIS Walt DisneyPairCorr

Moving against Dimensional Etf

  0.7BND Vanguard Total BondPairCorr
  0.54VEA Vanguard FTSE DevelopedPairCorr
  0.5GDXU MicroSectors Gold MinersPairCorr
  0.68VZ Verizon Communications Sell-off TrendPairCorr
  0.6TRV The Travelers CompaniesPairCorr
  0.52PG Procter GamblePairCorr
  0.52JNJ Johnson JohnsonPairCorr
  0.44T ATT Inc Aggressive PushPairCorr

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   
DFAC
+ 1.0
DFUS
DFAC
+ 0.97
DFAT
DFUS
+ 0.95
DFAT
DFAE
+ 0.87
DFAI
  
High negative correlations   
DFAI
- 0.57
DFAT
DFAI
- 0.41
DFAC
DFAI
- 0.4
DFUS
DFAE
- 0.37
DFAT
DFAE
- 0.21
DFAC
DFAE
- 0.18
DFUS

Dimensional Small Constituents Risk-Adjusted Indicators

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