Dfa - Correlations

Mutual Funds . USA . 
Fund . Dfa International
DILRX Fund  USD 17.24  0.10  0.58%   
The current 90-days correlation between Dfa International and Dfa Large is 0.75 (i.e., Poor diversification). The correlation of Dfa - 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 - Correlation With Market

Very weak diversification

The correlation between Dfa International and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dfa International 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 International. 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 metropolitan statistical area.

Moving together with Dfa Mutual Fund

  1.0DIHRX Intal High RelativePairCorr
  0.91DIPSX Dfa Inflation ProtectedPairCorr
  0.94DISVX Dfa International SmallPairCorr
  0.97DISMX Dfa InternationalPairCorr
  0.92DMNBX Dfa Mn MunicipalPairCorr
  0.92DMREX Dfa Municipal RealPairCorr
  0.93DNYMX Dfa Ny MunicipalPairCorr
  0.88DOGMX Dfa Oregon MunicipalPairCorr
  0.66DRIGX Dimensional 2035 TargetPairCorr
  0.79DRIWX Dimensional 2030 TargetPairCorr
  0.89DRIUX Dimensional 2025 TargetPairCorr
  0.9DRIRX Dimensional 2020 TargetPairCorr
  0.92DRIQX Dimensional 2015 TargetPairCorr
  0.79DRXIX Dfa Ltip PortfolioPairCorr
  0.98DSCLX Dfa International SocialPairCorr
  0.87DSFIX Dfa Social FixedPairCorr
  0.85DSSMX Dfa Selective StatePairCorr
  0.91DTCPX Dfa Targeted CreditPairCorr
  0.92DCARX Dfa California MunicipalPairCorr
  0.77DCIBX Dfa Ca IntPairCorr
  0.8DCMSX Dfa Commodity StrategyPairCorr
  0.83DESIX Emerging Markets SusPairCorr

Moving against Dfa Mutual Fund

  0.37DAABX Dfa SustainabilityPairCorr
  0.42DSCGX Dfa SmallPairCorr

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   
DFIVX
+ 0.93
DISMX
DFIVX
+ 0.88
DFAPX
DFAPX
+ 0.81
DISMX
DSCGX
+ 0.72
DUSLX
DISMX
+ 0.19
DUSLX
  
High negative correlations   
DFAPX
- 0.62
DSCGX
DFIVX
- 0.59
DSCGX
DISMX
- 0.35
DSCGX
DFAPX
- 0.08
DUSLX
DFIVX
- 0.06
DUSLX

Risk-Adjusted Indicators

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