Dfa Emerging Correlations

DFESX Fund

USD 14.63 0.09 0.61%

The current 90-days correlation between Dfa Emerging Markets and Fidelity Advisor Gold is 0.03 (i.e., Significant 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

Modest diversification

The correlation between Dfa Emerging Markets and DJI is 0.27 (i.e., Modest 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 state.

Moving together with Dfa Mutual Fund

0.64	DIHRX	Intal High Relative	Pair Corr
0.62	DILRX	Dfa International	Pair Corr
0.65	DIPSX	Dfa Inflation Protected	Pair Corr
0.65	DISVX	Dfa International Small	Pair Corr
0.75	DISMX	Dfa International	Pair Corr
0.69	DRIHX	Dimensional 2040 Target	Pair Corr
0.7	DRIGX	Dimensional 2035 Target	Pair Corr
0.69	DRIWX	Dimensional 2030 Target	Pair Corr
0.7	DRIUX	Dimensional 2025 Target	Pair Corr
0.7	DRIRX	Dimensional 2020 Target	Pair Corr
0.95	DEMSX	Emerging Markets Small	Pair Corr
1.0	DFCEX	Emerging Markets E	Pair Corr
0.86	DFEVX	Emerging Markets Value	Pair Corr
0.88	DFEMX	Emerging Markets Por	Pair Corr
0.63	DFGEX	Dfa Global Real	Pair Corr
0.63	DFIGX	Dfa Intermediate Gov	Pair Corr
0.65	DFIEX	International E Equity	Pair Corr
0.68	DFITX	Dfa International Real	Pair Corr
0.75	DFISX	International Small Pany	Pair Corr

Moving against Dfa Mutual Fund

0.34	DMNBX	Dfa Mn Municipal	Pair Corr
0.52	DFFGX	Dfa Short Term	Pair Corr
0.5	DFCFX	Lwasdfa Two Year	Pair Corr
0.43	DFCMX	Dfa Calfrna Shrt	Pair Corr
0.56	DFIHX	Dfa One Year	Pair Corr
0.53	DFGBX	Dfa Five Year	Pair Corr
0.51	DFGFX	Dfa Two Year	Pair Corr

Related Correlations Analysis

	FGDIX	MXMVX	IOGYX	GLDAX	UIPMX	USERX	FRGOX
FGDIX		0.38	0.96	0.99	0.98	0.96	0.98	FGDIX
MXMVX	0.38		0.52	0.42	0.44	0.41	0.35	MXMVX
IOGYX	0.96	0.52		0.97	0.96	0.98	0.96	IOGYX
GLDAX	0.99	0.42	0.97		0.98	0.97	0.98	GLDAX
UIPMX	0.98	0.44	0.96	0.98		0.97	0.98	UIPMX
USERX	0.96	0.41	0.98	0.97	0.97		0.98	USERX
FRGOX	0.98	0.35	0.96	0.98	0.98	0.98		FRGOX
	FGDIX	MXMVX	IOGYX	GLDAX	UIPMX	USERX	FRGOX

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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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FGDIX	1.39	(0.02)	(0.03)	0.01	1.87	(1.45)	2.69	(2.96)	8.02
MXMVX	0.64	0.03	(0.01)	0.14	0.81	(0.73)	1.31	(0.97)	6.15
IOGYX	1.35	(0.06)	0.00	(0.15)	0.00	0.00	2.61	(2.81)	8.99
GLDAX	1.31	(0.08)	0.00	(0.10)	0.00	0.00	2.79	(2.88)	8.37
UIPMX	1.33	(0.02)	(0.03)	0.00	1.90	(1.34)	2.57	(3.27)	7.60
USERX	1.34	(0.07)	0.00	(0.41)	0.00	0.00	2.62	(2.77)	8.10
FRGOX	1.34	(0.05)	0.00	(0.10)	0.00	0.00	2.59	(2.73)	8.02

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