Dfa - Correlations

Mutual Funds . USA . 
Fund . Dfa International
DISMX Fund  USD 15.66  0.01  0.06%   
The current 90-days correlation between Dfa International and Dfa Small is 0.72 (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 0.44 (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 population.

Moving together with Dfa Mutual Fund

  0.96DIHRX Intal High RelativePairCorr
  0.95DILRX Dfa InternationalPairCorr
  0.89DIPSX Dfa Inflation ProtectedPairCorr
  0.94DISVX Dfa International SmallPairCorr
  0.83DOGMX Dfa Oregon MunicipalPairCorr
  0.85DREIX World Core EquityPairCorr
  0.9DRIIX Dimensional 2045 TargetPairCorr
  0.87DRIHX Dimensional 2040 TargetPairCorr
  0.76DRIGX Dimensional 2035 TargetPairCorr
  0.88DRIBX Dimensional 2010 TargetPairCorr
  0.62DRIWX Dimensional 2030 TargetPairCorr
  0.71DRIUX Dimensional 2025 TargetPairCorr
  0.73DRIRX Dimensional 2020 TargetPairCorr
  0.69DRIQX Dimensional 2015 TargetPairCorr
  0.93DRILX Dimensional 2060 TargetPairCorr
  0.92DRIKX Dimensional 2055 TargetPairCorr
  0.93DRIJX Dimensional 2050 TargetPairCorr
  0.66DRXIX Dfa Ltip PortfolioPairCorr
  0.95DSCLX Dfa International SocialPairCorr
  0.61DSCGX Dfa SmallPairCorr
  0.81DSFIX Dfa Social FixedPairCorr
  0.66DSHGX Dfa Selectively HedgedPairCorr
  0.83DSSMX Dfa Selective StatePairCorr
  0.94DTDRX Dimensional 2065 TargetPairCorr
  0.71DCIBX Dfa Ca IntPairCorr
  0.91DURPX Us High RelativePairCorr
  0.89DUSQX Us Lg CapPairCorr
  0.95DUSLX Dfa LargePairCorr
  0.78DWFIX Dfa World ExPairCorr

Related Correlations Analysis

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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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