Dfa Emerging Correlations

Mutual Funds . USA . 
Fund . Dfa Emerging Markets
DFESX Fund  USD 20.94  0.28  1.36%   
The current 90-days correlation between Dfa Emerging Markets and World Core Equity is 0.56 (i.e., Very weak diversification). The correlation of Dfa Emerging 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 Emerging Correlation With Market

Very poor diversification

The correlation between Dfa Emerging Markets and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dfa Emerging Markets 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 Emerging Markets. 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 main economic indicators.

Moving together with Dfa Mutual Fund

  0.98DIHRX Intal High RelativePairCorr
  0.97DILRX Dfa InternationalPairCorr
  0.7DIPSX Dfa Inflation ProtectedPairCorr
  0.95DISVX Dfa International SmallPairCorr
  0.96DISMX Dfa InternationalPairCorr
  0.97DMNBX Dfa Mn MunicipalPairCorr
  0.83DMREX Dfa Municipal RealPairCorr
  0.97DNYMX Dfa Ny MunicipalPairCorr
  0.98DOGMX Dfa Oregon MunicipalPairCorr
  0.92DREIX World Core EquityPairCorr
  0.93DRIIX Dimensional 2045 TargetPairCorr
  0.91DRIHX Dimensional 2040 TargetPairCorr
  0.88DRIGX Dimensional 2035 TargetPairCorr
  0.87DRIWX Dimensional 2030 TargetPairCorr
  0.9DRIUX Dimensional 2025 TargetPairCorr
  0.86DRIRX Dimensional 2020 TargetPairCorr
  0.84DRIQX Dimensional 2015 TargetPairCorr
  0.93DRILX Dimensional 2060 TargetPairCorr
  0.93DRIKX Dimensional 2055 TargetPairCorr
  0.93DRIJX Dimensional 2050 TargetPairCorr
  1.0DAADX Dfa Emerging MarketsPairCorr
  0.91DAABX Dfa SustainabilityPairCorr
  0.97DSCLX Dfa International SocialPairCorr
  0.85DSCGX Dfa SmallPairCorr
  0.74DSFIX Dfa Social FixedPairCorr
  0.95DSHGX Dfa Selectively HedgedPairCorr
  0.98DSSMX Dfa Selective StatePairCorr
  0.82DTCPX Dfa Targeted CreditPairCorr
  0.93DTDRX Dimensional 2065 TargetPairCorr
  0.83DCARX Dfa California MunicipalPairCorr
  0.98DCIBX Dfa Ca IntPairCorr
  0.94DCMSX Dfa Commodity StrategyPairCorr
  0.85DURPX Us High RelativePairCorr
  0.75DUSQX Us Lg CapPairCorr
  0.72DUSLX Dfa LargePairCorr
  1.0DEMSX Emerging Markets SmallPairCorr
  1.0DEMGX Emerging Markets TargetedPairCorr
  1.0DESIX Emerging Markets SusPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Dfa Mutual Fund performing well and Dfa Emerging 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 Emerging'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
DIHRX  0.57  0.12  0.13  0.28  0.38 
(0.65)
 1.19 
(1.13)
 3.25 
DILRX  0.61  0.11  0.11  0.24  0.52 
(0.71)
 1.31 
(1.27)
 3.64 
DIPSX  0.14  0.01 (0.47) 0.62  0.07 
(0.17)
 0.27 
(0.27)
 0.63 
DISVX  0.64  0.31  0.37  0.52  0.00 
(0.81)
 1.75 
(1.03)
 7.06 
DISMX  0.59  0.13  0.12  0.29  0.57 
(0.68)
 1.41 
(1.03)
 3.57 
DMNBX  0.03  0.01  0.00  0.66  0.00 
 0.00 
 0.10 
 0.00 
 0.20 
DMREX  0.05  0.01  0.00  0.53  0.00 
 0.00 
 0.09 
(0.09)
 1.04 
DNYMX  0.03  0.00  0.00  2.35  0.00 
 0.00 
 0.10 
 0.00 
 0.10 
DOGMX  0.05  0.02  0.00  1.86  0.00 
 0.00 
 0.10 
 0.00 
 0.30 
DREIX  0.56  0.14  0.16  0.29  0.32 
(0.66)
 1.17 
(1.09)
 5.16 

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