Dfa Targeted Correlations

DTCPX Fund

USD 9.62 0.01 0.10%

The current 90-days correlation between Dfa Targeted Credit and T Rowe Price is 0.24 (i.e., Modest diversification). The correlation of Dfa Targeted 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 Targeted Correlation With Market

Significant diversification

The correlation between Dfa Targeted Credit and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dfa Targeted Credit 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 Targeted Credit. 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 american community survey.

Moving together with Dfa Mutual Fund

0.93	DIHRX	Intal High Relative	Pair Corr
0.91	DILRX	Dfa International	Pair Corr
0.93	DIPSX	Dfa Inflation Protected	Pair Corr
0.93	DISVX	Dfa International Small	Pair Corr
0.85	DISMX	Dfa International	Pair Corr
0.97	DMNBX	Dfa Mn Municipal	Pair Corr
0.98	DMREX	Dfa Municipal Real	Pair Corr
0.98	DNYMX	Dfa Ny Municipal	Pair Corr
0.84	DOGMX	Dfa Oregon Municipal	Pair Corr
0.76	DRIUX	Dimensional 2025 Target	Pair Corr
0.79	DRIRX	Dimensional 2020 Target	Pair Corr
0.82	DRIQX	Dimensional 2015 Target	Pair Corr
0.69	DRXIX	Dfa Ltip Portfolio	Pair Corr
0.93	DSCLX	Dfa International Social	Pair Corr
0.85	DSFIX	Dfa Social Fixed	Pair Corr
0.79	DSSMX	Dfa Selective State	Pair Corr
0.98	DCARX	Dfa California Municipal	Pair Corr
0.71	DCIBX	Dfa Ca Int	Pair Corr
0.87	DCMSX	Dfa Commodity Strategy	Pair Corr
0.64	DESIX	Emerging Markets Sus	Pair Corr

Moving against Dfa Mutual Fund

0.58	DAABX	Dfa Sustainability	Pair Corr
0.55	DAADX	Dfa Emerging Markets	Pair Corr
0.61	DSCGX	Dfa Small	Pair Corr
0.39	DUSQX	Us Lg Cap	Pair Corr

Related Correlations Analysis

	TBLSX	FNOKX	FLMTX	EXBAX	MRMTX	JABKX	MURFX	FHRVX
TBLSX		0.99	0.98	0.98	0.95	0.98	0.73	0.9	TBLSX
FNOKX	0.99		0.96	0.96	0.91	0.96	0.69	0.88	FNOKX
FLMTX	0.98	0.96		0.97	0.95	0.99	0.7	0.95	FLMTX
EXBAX	0.98	0.96	0.97		0.94	0.98	0.71	0.9	EXBAX
MRMTX	0.95	0.91	0.95	0.94		0.97	0.86	0.91	MRMTX
JABKX	0.98	0.96	0.99	0.98	0.97		0.74	0.95	JABKX
MURFX	0.73	0.69	0.7	0.71	0.86	0.74		0.64	MURFX
FHRVX	0.9	0.88	0.95	0.9	0.91	0.95	0.64		FHRVX
	TBLSX	FNOKX	FLMTX	EXBAX	MRMTX	JABKX	MURFX	FHRVX

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Risk-Adjusted Indicators

There is a big difference between Dfa Mutual Fund performing well and Dfa Targeted 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 Targeted'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
TBLSX	0.35	0.01	0.00	(0.04)	0.00	0.00	0.70	(0.80)	2.14
FNOKX	0.53	0.02	0.00	(0.03)	0.00	0.00	1.07	(1.13)	3.14
FLMTX	0.31	0.01	0.00	(0.03)	0.00	0.00	0.57	(0.66)	1.72
EXBAX	0.34	0.00	0.00	(0.05)	0.00	0.00	0.70	(0.69)	1.99
MRMTX	0.33	(0.01)	0.00	(0.10)	0.00	0.00	0.68	(0.68)	2.47
JABKX	0.31	0.01	0.00	(0.04)	0.00	0.00	0.64	(0.54)	1.75
MURFX	0.32	(0.04)	0.00	(0.24)	0.00	0.00	0.58	(0.57)	2.93
FHRVX	0.29	0.02	0.16	0.00	0.38	(0.30)	0.56	(0.61)	1.71

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