Dfa One-year Correlations

Mutual Funds . USA . 
Fund . Dfa One Year Fixed
DFIHX Fund  USD 10.24  0.03  0.29%   
The current 90-days correlation between Dfa One Year and Red Oak Technology is -0.09 (i.e., Good diversification). The correlation of Dfa One-year 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 One-year Correlation With Market

Good diversification

The correlation between Dfa One Year Fixed and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dfa One Year Fixed 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 One Year Fixed. 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 rate.

Moving together with Dfa Mutual Fund

  0.89DMNBX Dfa Mn MunicipalPairCorr
  0.95DNYMX Dfa Ny MunicipalPairCorr
  0.98DTCPX Dfa Targeted CreditPairCorr
  0.72DCMSX Dfa Commodity StrategyPairCorr

Moving against Dfa Mutual Fund

  0.79DAADX Dfa Emerging MarketsPairCorr
  0.71DRIWX Dimensional 2030 TargetPairCorr
  0.66DRIUX Dimensional 2025 TargetPairCorr
  0.65DRIQX Dimensional 2015 TargetPairCorr
  0.63DRIRX Dimensional 2020 TargetPairCorr
  0.57DRIGX Dimensional 2035 TargetPairCorr
  0.52DMREX Dfa Municipal RealPairCorr
  0.47DIPSX Dfa Inflation ProtectedPairCorr
  0.46DISMX Dfa InternationalPairCorr
  0.33DISVX Dfa International SmallPairCorr
  0.33DRIHX Dimensional 2040 TargetPairCorr
  0.32DIHRX Intal High RelativePairCorr
  0.31DREIX World Core EquityPairCorr
  0.79DEMGX Emerging Markets TargetedPairCorr
  0.76DRXIX Dfa Ltip PortfolioPairCorr
  0.73DESIX Emerging Markets SusPairCorr
  0.71DEMSX Emerging Markets SmallPairCorr
  0.56DCARX Dfa California MunicipalPairCorr
  0.55DSHGX Dfa Selectively HedgedPairCorr
  0.36DSFIX Dfa Social FixedPairCorr
  0.35DFAPX Dfa Investment GradePairCorr

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   
TEFQX
+ 0.8
CMTFX
CMTFX
+ 0.79
CTHCX
FIKHX
+ 0.77
ROGSX
TEFQX
+ 0.7
CTHCX
TEFQX
+ 0.68
ROGSX
CMTFX
+ 0.67
ROGSX
  
High negative correlations   
CTHCX
- 0.16
ICTTX
CMTFX
- 0.1
ICTTX

Risk-Adjusted Indicators

There is a big difference between Dfa Mutual Fund performing well and Dfa One-year 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 One-year'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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