Dfa Selective Correlations

Mutual Funds . USA . 
Fund . Dfa Selective State
DSSMX Fund  USD 9.52  0.01  0.11%   
The current 90-days correlation between Dfa Selective State and Bbh Partner Fund is 0.18 (i.e., Average diversification). The correlation of Dfa Selective 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 Selective Correlation With Market

Good diversification

The correlation between Dfa Selective State and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dfa Selective State 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 Selective State. 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

  0.84DIHRX Intal High RelativePairCorr
  0.83DILRX Dfa InternationalPairCorr
  0.86DIPSX Dfa Inflation ProtectedPairCorr
  0.81DISVX Dfa International SmallPairCorr
  0.81DISMX Dfa InternationalPairCorr
  0.61DMNBX Dfa Mn MunicipalPairCorr
  0.66DMREX Dfa Municipal RealPairCorr
  0.99DOGMX Dfa Oregon MunicipalPairCorr
  0.7DRIHX Dimensional 2040 TargetPairCorr
  0.69DRIGX Dimensional 2035 TargetPairCorr
  0.62DRIWX Dimensional 2030 TargetPairCorr
  0.73DRIUX Dimensional 2025 TargetPairCorr
  0.75DRIRX Dimensional 2020 TargetPairCorr
  0.71DRIQX Dimensional 2015 TargetPairCorr
  0.73DRXIX Dfa Ltip PortfolioPairCorr
  0.8DSCLX Dfa International SocialPairCorr
  0.84DSFIX Dfa Social FixedPairCorr
  0.66DCARX Dfa California MunicipalPairCorr
  0.92DCIBX Dfa Ca IntPairCorr
  0.65DURPX Us High RelativePairCorr
  0.69DUSLX Dfa LargePairCorr
  0.82DWFIX 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 Selective 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 Selective'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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