Dimensional 2020 Correlations

Mutual Funds . USA . 
Fund . Dimensional 2020 Target
DRIRX Fund  USD 11.10  0.02  0.18%   
The current 90-days correlation between Dimensional 2020 Target and Touchstone Small Cap is -0.14 (i.e., Good diversification). The correlation of Dimensional 2020 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 2020 Correlation With Market

Very good diversification

The correlation between Dimensional 2020 Target and DJI is -0.25 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dimensional 2020 Target 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 Dimensional 2020 Target. 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 Dimensional Mutual Fund

  0.66DIHRX Intal High RelativePairCorr
  0.85DILRX Dfa InternationalPairCorr
  0.72DIPSX Dfa Inflation ProtectedPairCorr
  0.65DISMX Dfa InternationalPairCorr
  0.85DMNBX Dfa Mn MunicipalPairCorr
  0.8DMREX Dfa Municipal RealPairCorr
  0.84DNYMX Dfa Ny MunicipalPairCorr
  0.88DOGMX Dfa Oregon MunicipalPairCorr
  0.67DRIHX Dimensional 2040 TargetPairCorr
  0.86DRIGX Dimensional 2035 TargetPairCorr
  0.89DRIWX Dimensional 2030 TargetPairCorr
  0.93DRIUX Dimensional 2025 TargetPairCorr
  0.92DRIQX Dimensional 2015 TargetPairCorr
  0.89DRXIX Dfa Ltip PortfolioPairCorr
  0.75DSCLX Dfa International SocialPairCorr
  0.83DSFIX Dfa Social FixedPairCorr
  0.87DSSMX Dfa Selective StatePairCorr
  0.78DTCPX Dfa Targeted CreditPairCorr
  0.79DCARX Dfa California MunicipalPairCorr
  0.8DCIBX Dfa Ca IntPairCorr
  0.62DCMSX Dfa Commodity StrategyPairCorr
  0.71DWFIX Dfa World ExPairCorr
  0.72DESIX Emerging Markets SusPairCorr

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   
ARTSX
+ 0.96
VSFSX
VSFSX
+ 0.92
TVOYX
ARTSX
+ 0.91
TVOYX
OWSMX
+ 0.8
TVOYX
OWSMX
+ 0.76
VSFSX
OWSMX
+ 0.68
ARTSX
  
High negative correlations   
DFUKX
- 0.21
TVOYX
DFUKX
- 0.2
ARTSX
DFUKX
- 0.09
VSFSX
DFUKX
- 0.0
CCMSX
OWSMX
- 0.0
CCMSX
CCMSX
- 0.0
ARTSX

Risk-Adjusted Indicators

There is a big difference between Dimensional Mutual Fund performing well and Dimensional 2020 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 2020'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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