Dimensional 2050 Correlations
| DRIJX Fund | USD 19.24 0.03 0.16% |
The current 90-days correlation between Dimensional 2050 Target and Dimensional 2040 Target is -0.19 (i.e., Good diversification). The correlation of Dimensional 2050 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.
Dimensional 2050 Correlation With Market
Very poor diversification
The correlation between Dimensional 2050 Target and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dimensional 2050 Target and DJI in the same portfolio, assuming nothing else is changed.
Dimensional |
Moving together with Dimensional Mutual Fund
| 0.99 | DREIX | World Core Equity | PairCorr |
| 0.89 | DRIIX | Dimensional 2045 Target | PairCorr |
| 0.81 | DRIHX | Dimensional 2040 Target | PairCorr |
| 0.65 | DRIGX | Dimensional 2035 Target | PairCorr |
| 1.0 | DRILX | Dimensional 2060 Target | PairCorr |
| 1.0 | DRIKX | Dimensional 2055 Target | PairCorr |
| 0.64 | DAADX | Dfa Emerging Markets | PairCorr |
| 0.78 | DAABX | Dfa Sustainability | PairCorr |
| 0.79 | DSCGX | Dfa Small | PairCorr |
| 1.0 | DSHGX | Dfa Selectively Hedged | PairCorr |
| 0.88 | DTDRX | Dimensional 2065 Target | PairCorr |
| 0.96 | DURPX | Us High Relative | PairCorr |
| 0.85 | DUSQX | Us Lg Cap | PairCorr |
| 0.96 | DUSLX | Dfa Large | PairCorr |
Related Correlations Analysis
| 0.78 | 0.67 | 0.81 | 0.64 | DRIHX | ||
| 0.78 | 0.89 | 0.56 | 0.97 | DRIWX | ||
| 0.67 | 0.89 | 0.27 | 0.93 | DRIRX | ||
| 0.81 | 0.56 | 0.27 | 0.34 | DRIKX | ||
| 0.64 | 0.97 | 0.93 | 0.34 | DRIUX | ||
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Risk-Adjusted Indicators
There is a big difference between Dimensional Mutual Fund performing well and Dimensional 2050 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 Dimensional 2050'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DRIHX | 0.50 | (0.01) | 0.00 | 0.10 | 0.00 | 1.12 | 2.67 | |||
| DRIWX | 0.35 | 0.01 | 0.02 | 0.03 | 0.43 | 0.91 | 2.36 | |||
| DRIRX | 0.24 | 0.02 | 0.06 | (0.23) | 0.25 | 0.73 | 1.65 | |||
| DRIKX | 0.66 | (0.02) | 0.00 | (0.03) | 0.00 | 1.24 | 3.73 | |||
| DRIUX | 0.28 | 0.02 | 0.05 | 0.09 | 0.31 | 0.81 | 1.83 |