Us Targeted Correlations

DFFVX Fund

USD 35.41 0.16 0.45%

The correlation of Us 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.

Us Targeted Correlation With Market

Weak diversification

The correlation between Us Targeted Value and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Us Targeted Value 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 Us Targeted Value. 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 real.

Moving together with DFFVX Mutual Fund

0.78	DREIX	World Core Equity	Pair Corr
0.76	DRIIX	Dimensional 2045 Target	Pair Corr
0.65	DRIHX	Dimensional 2040 Target	Pair Corr
0.86	DRILX	Dimensional 2060 Target	Pair Corr
0.87	DRIKX	Dimensional 2055 Target	Pair Corr
0.86	DRIJX	Dimensional 2050 Target	Pair Corr
0.98	DAABX	Dfa Sustainability	Pair Corr
0.96	DSCGX	Dfa Small	Pair Corr
0.75	DSHGX	Dfa Selectively Hedged	Pair Corr
0.64	DSSMX	Dfa Selective State	Pair Corr
0.9	DURPX	Us High Relative	Pair Corr
0.78	DUSQX	Us Lg Cap	Pair Corr
0.86	DUSLX	Dfa Large	Pair Corr

Related Correlations Analysis

	APISX	ABNYX	MXIHX	AMFAX	IPBAX	QCILIX
APISX		0.65	0.61	0.43	0.54	0.72	APISX
ABNYX	0.65		0.98	-0.12	0.78	0.91	ABNYX
MXIHX	0.61	0.98		-0.14	0.74	0.92	MXIHX
AMFAX	0.43	-0.12	-0.14		-0.07	-0.12	AMFAX
IPBAX	0.54	0.78	0.74	-0.07		0.74	IPBAX
QCILIX	0.72	0.91	0.92	-0.12	0.74		QCILIX
	APISX	ABNYX	MXIHX	AMFAX	IPBAX	QCILIX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MXIHX	+ 0.98	ABNYX
QCILIX	+ 0.92	MXIHX
QCILIX	+ 0.91	ABNYX
IPBAX	+ 0.78	ABNYX
IPBAX	+ 0.74	MXIHX
QCILIX	+ 0.74	IPBAX

High negative correlations

AMFAX	- 0.14	MXIHX
QCILIX	- 0.12	AMFAX
AMFAX	- 0.12	ABNYX
IPBAX	- 0.07	AMFAX

Risk-Adjusted Indicators

There is a big difference between DFFVX Mutual Fund performing well and Us 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 Us 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
APISX	0.09	(0.01)	(0.16)	2.76	0.08	(0.15)	0.20	(0.19)	0.68
ABNYX	0.16	(0.02)	0.00	(0.46)	0.00	0.00	0.19	(0.29)	0.87
MXIHX	0.14	(0.02)	0.00	(0.49)	0.00	0.00	0.22	(0.34)	0.78
AMFAX	0.46	0.01	(0.01)	0.16	0.54	(0.52)	0.82	(0.92)	2.46
IPBAX	0.36	(0.03)	0.00	(0.15)	0.00	0.00	0.57	(0.68)	3.10
QCILIX	0.14	(0.02)	0.00	(1.11)	0.00	0.00	0.28	(0.32)	0.91

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