Dimensional 2070 Correlations

DFARX Fund

11.90 0.01 0.08%

The current 90-days correlation between Dimensional 2070 Target and Chartwell Short Duration is -0.13 (i.e., Good diversification). The correlation of Dimensional 2070 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 2070 Correlation With Market

Good diversification

The correlation between Dimensional 2070 Target and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dimensional 2070 Target and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios. 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 Dimensional Mutual Fund

0.65	PRFRX	T Rowe Price	Pair Corr
0.64	ARMLX	Western Asset Adjustable	Pair Corr
0.61	LEGAX	Columbia Large Cap	Pair Corr

Related Correlations Analysis

	CWFIX	TSDCX	ATOAX	USDIX	FUEMX	AOUNX	JIBDX
CWFIX		0.91	0.85	0.88	0.88	0.91	0.93	CWFIX
TSDCX	0.91		0.95	0.99	0.98	0.99	0.88	TSDCX
ATOAX	0.85	0.95		0.98	0.9	0.96	0.84	ATOAX
USDIX	0.88	0.99	0.98		0.96	0.99	0.86	USDIX
FUEMX	0.88	0.98	0.9	0.96		0.96	0.83	FUEMX
AOUNX	0.91	0.99	0.96	0.99	0.96		0.89	AOUNX
JIBDX	0.93	0.88	0.84	0.86	0.83	0.89		JIBDX
	CWFIX	TSDCX	ATOAX	USDIX	FUEMX	AOUNX	JIBDX

Risk-Adjusted Indicators

There is a big difference between Dimensional Mutual Fund performing well and Dimensional 2070 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 2070'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CWFIX	0.07	0.01	(0.30)	0.26	(0.13)	0.11	(0.10)	0.83
TSDCX	0.04	0.00	0.00	0.78	0.00	0.11	(0.11)	0.44
ATOAX	0.03	0.00	0.00	0.78	0.00	0.20	0.00	0.30
USDIX	0.04	0.00	0.00	0.45	0.00	0.10	(0.10)	0.51
FUEMX	0.02	0.00	0.00	(0.29)	0.00	0.00	0.00	0.30
AOUNX	0.06	0.01	(0.59)	0.86	(0.18)	0.10	(0.10)	0.51
JIBDX	0.05	0.01	(0.62)	1.27	(0.09)	0.13	(0.07)	0.40

Dimensional 2070 Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Dimensional 2070 mutual fund to make a market-neutral strategy. Peer analysis of Dimensional 2070 could also be used in its relative valuation, which is a method of valuing Dimensional 2070 by comparing valuation metrics with similar companies.

Chartwell Short Duration Touchstone Ultra Short Alpine Ultra Short Ubs Ultra Short Fidelity Flex Servative Angel Oak Ultrashort Johnson Institutional Short American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp

Risk & Return

Correlation

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