Dfa Short-term Correlations

DFFGX Fund

USD 10.02 0.01 0.1%

The current 90-days correlation between Dfa Short Term and Pnc International Equity is -0.25 (i.e., Very good diversification). The correlation of Dfa Short-term 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 Short-term Correlation With Market

Good diversification

The correlation between Dfa Short Term Government and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dfa Short Term Government 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 Short Term Government. 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 price.

Moving together with Dfa Mutual Fund

0.84	DILRX	Dfa International	Pair Corr
0.95	DIPSX	Dfa Inflation Protected	Pair Corr
0.89	DISVX	Dfa International Small	Pair Corr
0.8	DISMX	Dfa International	Pair Corr
0.95	DMNBX	Dfa Mn Municipal	Pair Corr
0.86	DNYMX	Dfa Ny Municipal	Pair Corr
0.71	DOGMX	Dfa Oregon Municipal	Pair Corr
0.73	DRIUX	Dimensional 2025 Target	Pair Corr
0.79	DRIRX	Dimensional 2020 Target	Pair Corr
0.74	DRIQX	Dimensional 2015 Target	Pair Corr
0.75	DRXIX	Dfa Ltip Portfolio	Pair Corr
0.85	DSFIX	Dfa Social Fixed	Pair Corr
0.65	DSSMX	Dfa Selective State	Pair Corr
0.88	DCARX	Dfa California Municipal	Pair Corr
0.61	DCIBX	Dfa Ca Int	Pair Corr
0.68	DCMSX	Dfa Commodity Strategy	Pair Corr
0.71	DEMGX	Emerging Markets Targeted	Pair Corr
0.76	DESIX	Emerging Markets Sus	Pair Corr
0.9	DFAPX	Dfa Investment Grade	Pair Corr
0.88	DFALX	Large Cap International	Pair Corr

Moving against Dfa Mutual Fund

0.64	DAABX	Dfa Sustainability	Pair Corr
0.32	DAADX	Dfa Emerging Markets	Pair Corr
0.64	DSCGX	Dfa Small	Pair Corr
0.48	DUSQX	Us Lg Cap	Pair Corr

Related Correlations Analysis

	PMIEX	AAEZX	ARTNX	QLENX	GIEAX	PAEIX	SPRDX	DBLFX
PMIEX		0.88	0.85	0.85	0.89	0.98	0.94	0.62	PMIEX
AAEZX	0.88		0.84	0.84	0.81	0.89	0.88	0.73	AAEZX
ARTNX	0.85	0.84		0.77	0.67	0.77	0.72	0.5	ARTNX
QLENX	0.85	0.84	0.77		0.92	0.85	0.79	0.59	QLENX
GIEAX	0.89	0.81	0.67	0.92		0.92	0.9	0.7	GIEAX
PAEIX	0.98	0.89	0.77	0.85	0.92		0.98	0.7	PAEIX
SPRDX	0.94	0.88	0.72	0.79	0.9	0.98		0.77	SPRDX
DBLFX	0.62	0.73	0.5	0.59	0.7	0.7	0.77		DBLFX
	PMIEX	AAEZX	ARTNX	QLENX	GIEAX	PAEIX	SPRDX	DBLFX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Dfa Mutual Fund performing well and Dfa Short-term 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 Short-term'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PMIEX	0.68	0.12	0.12	(0.94)	0.76	(0.72)	1.82	(1.60)	5.51
AAEZX	0.23	0.02	0.07	(0.44)	0.16	(0.27)	0.59	(0.39)	1.40
ARTNX	0.61	0.08	0.09	(0.62)	0.65	(0.70)	1.99	(1.48)	3.96
QLENX	0.42	0.14	0.24	0.34	0.35	(0.49)	0.81	(0.60)	3.11
GIEAX	0.61	0.15	0.18	0.30	0.56	(0.68)	1.34	(1.10)	4.95
PAEIX	0.67	0.13	0.14	(0.54)	0.68	(0.75)	1.72	(1.54)	4.54
SPRDX	0.64	0.09	0.10	(0.36)	0.71	(0.68)	1.37	(1.59)	4.63
DBLFX	0.22	0.01	0.04	(0.21)	0.19	(0.27)	0.54	(0.33)	1.33

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC