Dfa Intermediate Correlations

Mutual Funds . USA . 
Fund . Dfa Intermediate Government
DFIGX Fund  USD 11.05  0.05  0.45%   
The current 90-days correlation between Dfa Intermediate Gov and Dfa Five Year Global is -0.14 (i.e., Good diversification). The correlation of Dfa Intermediate 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 Intermediate Correlation With Market

Significant diversification

The correlation between Dfa Intermediate Government and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dfa Intermediate Government 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 Intermediate Government. 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 price.

Moving together with Dfa Mutual Fund

  0.94DIPSX Dfa Inflation ProtectedPairCorr
  0.62DISVX Dfa International SmallPairCorr
  0.81DMNBX Dfa Mn MunicipalPairCorr
  0.78DMREX Dfa Municipal RealPairCorr
  0.74DNYMX Dfa Ny MunicipalPairCorr
  0.65DRXIX Dfa Ltip PortfolioPairCorr
  0.94DSFIX Dfa Social FixedPairCorr
  0.93DTCPX Dfa Targeted CreditPairCorr
  0.92DCARX Dfa California MunicipalPairCorr
  0.94DFAPX Dfa Investment GradePairCorr

Moving against Dfa Mutual Fund

  0.81DAABX Dfa SustainabilityPairCorr
  0.61DAADX Dfa Emerging MarketsPairCorr
  0.56DRILX Dimensional 2060 TargetPairCorr
  0.56DRIKX Dimensional 2055 TargetPairCorr
  0.56DRIJX Dimensional 2050 TargetPairCorr
  0.55DREIX World Core EquityPairCorr
  0.54DRIIX Dimensional 2045 TargetPairCorr
  0.35DRIHX Dimensional 2040 TargetPairCorr
  0.72DUSQX Us Lg CapPairCorr
  0.57DURPX Us High RelativePairCorr
  0.56DTDRX Dimensional 2065 TargetPairCorr
  0.55DSHGX Dfa Selectively HedgedPairCorr
  0.46DSCGX Dfa SmallPairCorr
  0.35DUSLX Dfa LargePairCorr

Related Correlations Analysis

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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   
DFIVX
+ 0.95
DFALX
DFEQX
+ 0.7
DFALX
DFEQX
+ 0.68
DFIVX
DFEQX
+ 0.57
DFGBX
DFIVX
+ 0.36
DFLVX
DFLVX
+ 0.34
DFALX
  
High negative correlations   
DFLVX
- 0.63
DFGBX
DFEQX
- 0.09
DFLVX

Risk-Adjusted Indicators

There is a big difference between Dfa Mutual Fund performing well and Dfa Intermediate 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 Intermediate'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.

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