Dfa Mn Correlations

DMNBX Fund

USD 9.86 0.01 0.10%

The current 90-days correlation between Dfa Mn Municipal and Pace International Emerging is 0.1 (i.e., Average diversification). The correlation of Dfa Mn 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 Mn Correlation With Market

Average diversification

The correlation between Dfa Mn Municipal and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dfa Mn Municipal 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 Mn Municipal. 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 bureau of labor statistics.

Moving together with Dfa Mutual Fund

0.73	FKTDX	Franklin Minnesota Tax	Pair Corr
0.72	FMNZX	Franklin Minnesota Tax	Pair Corr
0.71	FMNQX	Franklin Minnesota Tax	Pair Corr
0.69	FMNIX	Franklin Minnesota Tax	Pair Corr
0.73	FMINX	Franklin Minnesota Tax	Pair Corr
0.65	RMTCX	Columbia Minnesota Tax	Pair Corr
0.72	CMNYX	Columbia Minnesota Tax	Pair Corr
0.71	CMNZX	Columbia Minnesota Tax	Pair Corr
0.71	CADOX	Columbia Minnesota Tax	Pair Corr
0.9	VGTSX	Vanguard Total Inter	Pair Corr
0.9	VTIAX	Vanguard Total Inter	Pair Corr
0.61	HTD	John Hancock Tax	Pair Corr
0.68	IBM	International Business	Pair Corr
0.78	GE	GE Aerospace	Pair Corr
0.69	PG	Procter Gamble	Pair Corr
0.79	T	ATT Inc Earnings Call This Week	Pair Corr
0.81	VZ	Verizon Communications	Pair Corr
0.95	JNJ	Johnson Johnson	Pair Corr
0.67	TRV	The Travelers Companies	Pair Corr

Moving against Dfa Mutual Fund

0.46	VTSAX	Vanguard Total Stock	Pair Corr
0.46	VTSMX	Vanguard Total Stock	Pair Corr
0.46	VSMPX	Vanguard Total Stock	Pair Corr
0.46	VSTSX	Vanguard Total Stock	Pair Corr
0.46	VITSX	Vanguard Total Stock	Pair Corr
0.43	VFIAX	Vanguard 500 Index	Pair Corr
0.43	VFINX	Vanguard 500 Index	Pair Corr
0.43	VFFSX	Vanguard 500 Index	Pair Corr
0.66	AA	Alcoa Corp	Pair Corr
0.57	MSFT	Microsoft	Pair Corr
0.47	HPQ	HP Inc	Pair Corr
0.47	AXP	American Express	Pair Corr
0.36	DIS	Walt Disney	Pair Corr
0.34	BA	Boeing	Pair Corr
0.32	HD	Home Depot	Pair Corr

Related Correlations Analysis

	PWEAX	APDOX	SEDAX	PIEFX	BXECX	IGIEX	TEOJX
PWEAX		0.72	0.85	0.98	0.79	0.73	0.97	PWEAX
APDOX	0.72		0.91	0.76	0.9	0.68	0.76	APDOX
SEDAX	0.85	0.91		0.87	0.97	0.84	0.88	SEDAX
PIEFX	0.98	0.76	0.87		0.82	0.75	0.99	PIEFX
BXECX	0.79	0.9	0.97	0.82		0.79	0.84	BXECX
IGIEX	0.73	0.68	0.84	0.75	0.79		0.74	IGIEX
TEOJX	0.97	0.76	0.88	0.99	0.84	0.74		TEOJX
	PWEAX	APDOX	SEDAX	PIEFX	BXECX	IGIEX	TEOJX

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 Mn 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 Mn'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
PWEAX	0.72	0.06	0.11	0.09	0.85	(0.84)	1.55	(1.59)	5.83
APDOX	0.16	0.03	0.33	0.92	0.10	(0.18)	0.30	(0.29)	1.07
SEDAX	0.25	0.03	0.27	0.33	0.19	(0.33)	0.59	(0.36)	1.19
PIEFX	0.99	0.10	0.10	0.15	1.26	(0.99)	2.06	(2.04)	6.94
BXECX	0.19	0.04	0.36	0.67	0.00	(0.32)	0.55	(0.27)	1.21
IGIEX	0.24	0.04	0.28	0.43	0.14	(0.33)	0.72	(0.48)	1.58
TEOJX	0.78	0.10	0.14	0.19	0.92	(0.85)	1.54	(1.53)	5.83

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