Dfa Targeted Correlations

DTCPX Fund

USD 9.61 0.01 0.10%

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 0.08 (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

0.63	DISVX	Dfa International Small	Pair Corr
0.92	DMNBX	Dfa Mn Municipal	Pair Corr
0.61	DSCLX	Dfa International Social	Pair Corr
0.87	DCMSX	Dfa Commodity Strategy	Pair Corr

Moving against Dfa Mutual Fund

0.51	DAADX	Dfa Emerging Markets	Pair Corr
0.47	DEMSX	Emerging Markets Small	Pair Corr
0.35	DEMGX	Emerging Markets Targeted	Pair Corr

Related Correlations Analysis

	MFIRX	PAGLX	XAWFX	MGGNX	USLUX	MSTGX	DHGCX
MFIRX		0.68	0.31	0.27	0.3	0.8	0.53	MFIRX
PAGLX	0.68		0.55	0.45	0.68	0.74	0.61	PAGLX
XAWFX	0.31	0.55		0.77	0.85	0.63	0.82	XAWFX
MGGNX	0.27	0.45	0.77		0.74	0.51	0.88	MGGNX
USLUX	0.3	0.68	0.85	0.74		0.64	0.76	USLUX
MSTGX	0.8	0.74	0.63	0.51	0.64		0.68	MSTGX
DHGCX	0.53	0.61	0.82	0.88	0.76	0.68		DHGCX
	MFIRX	PAGLX	XAWFX	MGGNX	USLUX	MSTGX	DHGCX

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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
MFIRX	0.11	0.03	0.08	0.62	0.00	(0.21)	0.19	(0.19)	0.76
PAGLX	0.57	0.01	0.01	0.03	0.82	(0.56)	1.04	(1.19)	4.08
XAWFX	0.13	0.00	(0.02)	(1.26)	0.20	(0.14)	0.26	(0.44)	1.15
MGGNX	0.19	0.01	0.00	0.10	0.15	(0.27)	0.35	(0.35)	1.05
USLUX	0.81	0.00	0.00	(0.01)	1.76	(0.78)	1.59	(1.58)	9.93
MSTGX	0.26	0.05	0.09	(5.09)	0.26	(0.32)	0.64	(0.42)	1.93
DHGCX	0.16	0.01	0.03	(0.77)	0.09	(0.22)	0.37	(0.36)	1.10

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