Dfa Intl Correlations

CDFPX Fund

USD 21.04 0.11 0.53%

The current 90-days correlation between Dfa Intl Core and Qs Large Cap is 0.37 (i.e., Weak diversification). The correlation of Dfa Intl 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 Intl Correlation With Market

Modest diversification

The correlation between Dfa Intl Core and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dfa Intl Core and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Dfa Intl Core. 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

0.9	VGTSX	Vanguard Total Inter	Pair Corr
0.9	VTIAX	Vanguard Total Inter	Pair Corr
0.84	NHS	Neuberger Berman High	Pair Corr
0.63	WMRIX	Wilmington Multi-manager	Pair Corr
0.65	RAZAX	Multi Asset Growth	Pair Corr

Moving against Dfa Mutual Fund

0.58	SADIX	Wells Fargo Ultra	Pair Corr
0.55	VTSAX	Vanguard Total Stock	Pair Corr
0.55	VTSMX	Vanguard Total Stock	Pair Corr
0.55	VITSX	Vanguard Total Stock	Pair Corr
0.55	VSTSX	Vanguard Total Stock	Pair Corr
0.55	VSMPX	Vanguard Total Stock	Pair Corr
0.55	TUHYX	T Rowe Price	Pair Corr
0.54	VVMCX	Valic Company I	Pair Corr
0.54	USA	Liberty All Star	Pair Corr
0.54	FTAGX	Salient Tactical Growth	Pair Corr
0.52	VFIAX	Vanguard 500 Index	Pair Corr
0.52	VFINX	Vanguard 500 Index	Pair Corr
0.52	VFFSX	Vanguard 500 Index	Pair Corr
0.51	QAISX	Q3 All Weather	Pair Corr
0.49	THCGX	Thornburg E Growth	Pair Corr
0.49	DFMAX	Davidson Multi Cap	Pair Corr
0.41	HNSGX	Harbor Small Cap	Pair Corr
0.31	JDBRX	Janus Balanced	Pair Corr
0.78	FRBCX	Regional Bank	Pair Corr
0.75	PRISX	T Rowe Price	Pair Corr
0.74	MGRPX	Growth Portfolio Class	Pair Corr
0.71	FSLBX	Brokerage And Investment	Pair Corr
0.66	JVAIX	Jpmorgan Value Advantage	Pair Corr
0.63	APSHX	Pinnacle Sherman Multi	Pair Corr
0.58	AXVIX	Acclivity Small Cap	Pair Corr
0.56	ADGAX	Ab E Opportunities	Pair Corr
0.55	SJCRX	Steward Large Cap	Pair Corr

Related Correlations Analysis

	LMUSX	SMPIX	APDTX	LIOTX	PRNHX	RHSAX	LCGFX
LMUSX		0.8	0.95	0.93	0.95	0.82	0.97	LMUSX
SMPIX	0.8		0.81	0.72	0.65	0.72	0.89	SMPIX
APDTX	0.95	0.81		0.89	0.85	0.82	0.95	APDTX
LIOTX	0.93	0.72	0.89		0.9	0.68	0.89	LIOTX
PRNHX	0.95	0.65	0.85	0.9		0.77	0.89	PRNHX
RHSAX	0.82	0.72	0.82	0.68	0.77		0.85	RHSAX
LCGFX	0.97	0.89	0.95	0.89	0.89	0.85		LCGFX
	LMUSX	SMPIX	APDTX	LIOTX	PRNHX	RHSAX	LCGFX

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Risk-Adjusted Indicators

There is a big difference between Dfa Mutual Fund performing well and Dfa Intl 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 Intl'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
LMUSX	0.60	0.03	0.02	0.17	0.72	(0.69)	1.28	(1.49)	4.08
SMPIX	2.61	(0.19)	(0.01)	0.03	3.88	(2.40)	4.26	(6.39)	17.06
APDTX	0.78	0.05	0.02	0.18	1.01	(0.78)	1.73	(1.27)	5.07
LIOTX	0.63	0.07	0.03	0.24	0.69	(0.74)	1.25	(1.28)	3.54
PRNHX	0.76	0.04	0.05	0.16	0.96	(0.80)	1.80	(1.29)	6.84
RHSAX	0.91	(0.12)	(0.05)	0.04	1.34	(0.98)	1.97	(2.49)	7.38
LCGFX	0.72	0.01	0.00	0.14	0.97	(0.73)	1.71	(1.76)	5.22

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