Us Micro Correlations

DFSCX Fund

USD 26.91 0.14 0.52%

The current 90-days correlation between Us Micro Cap and Us Small Cap is 0.04 (i.e., Significant diversification). The correlation of Us Micro 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.

Us Micro Correlation With Market

Good diversification

The correlation between Us Micro Cap and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Us Micro 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 Us Micro Cap. 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 main economic indicators.

Moving together with DFSCX Mutual Fund

0.62	DREIX	World Core Equity	Pair Corr
0.69	DRIJX	Dimensional 2050 Target	Pair Corr
0.94	DSCGX	Dfa Small	Pair Corr
0.64	DURPX	Us High Relative	Pair Corr
0.63	DUSLX	Dfa Large	Pair Corr
0.88	DFEOX	Us E Equity	Pair Corr
0.87	DFELX	Enhanced Large Pany	Pair Corr
0.94	DFFVX	Us Targeted Value	Pair Corr
0.88	DFQTX	Us E Equity	Pair Corr

Moving against DFSCX Mutual Fund

0.74	DFEQX	Dfa Short Term	Pair Corr
0.73	DFGFX	Dfa Two Year	Pair Corr
0.73	DFGBX	Dfa Five Year	Pair Corr
0.72	DFFGX	Dfa Short Term	Pair Corr
0.68	DFCSX	Continental Small Pany	Pair Corr
0.68	DFCMX	Dfa Calfrna Shrt	Pair Corr
0.65	DISVX	Dfa International Small	Pair Corr
0.64	DMNBX	Dfa Mn Municipal	Pair Corr
0.64	DMREX	Dfa Municipal Real	Pair Corr
0.59	DWUSX	Dfa World Ex	Pair Corr
0.57	DIPSX	Dfa Inflation Protected	Pair Corr
0.47	DIHRX	Intal High Relative	Pair Corr
0.44	DILRX	Dfa International	Pair Corr
0.35	DISMX	Dfa International	Pair Corr
0.34	DCIBX	Dfa Ca Int	Pair Corr
0.31	DFETX	Emerging Markets Por	Pair Corr
0.31	DFEMX	Emerging Markets Por	Pair Corr
0.7	DFIHX	Dfa One Year	Pair Corr
0.65	DFIVX	Dfa International Value	Pair Corr
0.59	DFVQX	Dfa International Vector	Pair Corr
0.57	DFIEX	International E Equity	Pair Corr
0.48	DFISX	International Small Pany	Pair Corr
0.38	DFMPX	Dfa Municipal Bond	Pair Corr

Related Correlations Analysis

	DFSVX	DFISX	DISVX	DFLVX	DFIVX
DFSVX		-0.51	-0.61	0.55	-0.59	DFSVX
DFISX	-0.51		0.94	0.26	0.92	DFISX
DISVX	-0.61	0.94		0.22	0.99	DISVX
DFLVX	0.55	0.26	0.22		0.29	DFLVX
DFIVX	-0.59	0.92	0.99	0.29		DFIVX
	DFSVX	DFISX	DISVX	DFLVX	DFIVX

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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

DFIVX	+ 0.99	DISVX
DISVX	+ 0.94	DFISX
DFIVX	+ 0.92	DFISX
DFLVX	+ 0.55	DFSVX
DFIVX	+ 0.29	DFLVX
DFLVX	+ 0.26	DFISX

High negative correlations

DISVX	- 0.61	DFSVX
DFIVX	- 0.59	DFSVX
DFISX	- 0.51	DFSVX

Risk-Adjusted Indicators

There is a big difference between DFSCX Mutual Fund performing well and Us Micro 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 Us Micro'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
DFSVX	0.86	(0.13)	0.00	(0.21)	0.00	0.00	1.49	(2.33)	4.32
DFISX	0.64	0.07	0.18	(0.56)	0.74	(0.67)	1.37	(1.16)	4.88
DISVX	0.64	0.19	0.24	0.25	0.65	(0.71)	1.43	(1.01)	5.33
DFLVX	0.68	0.02	0.00	(0.05)	0.00	0.00	1.29	(1.43)	3.39
DFIVX	0.66	0.20	0.25	0.25	0.72	(0.71)	1.27	(1.30)	4.69

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