Japanese Small Correlations

DFJSX Fund

USD 29.32 0.25 0.86%

The current 90-days correlation between Japanese Small Pany and Franklin Adjustable Government is -0.05 (i.e., Good diversification). The correlation of Japanese Small 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.

Japanese Small Correlation With Market

Modest diversification

The correlation between Japanese Small Pany and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Japanese Small Pany 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 Japanese Small Pany. 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 population.

Moving together with Japanese Mutual Fund

0.63	DIHRX	Intal High Relative	Pair Corr
0.64	DILRX	Dfa International	Pair Corr
0.66	DISVX	Dfa International Small	Pair Corr
0.73	DISMX	Dfa International	Pair Corr
0.66	DMNBX	Dfa Mn Municipal	Pair Corr
0.84	DMREX	Dfa Municipal Real	Pair Corr
0.9	DOGMX	Dfa Oregon Municipal	Pair Corr
0.65	DREIX	World Core Equity	Pair Corr
0.61	DRIIX	Dimensional 2045 Target	Pair Corr
0.61	DRIHX	Dimensional 2040 Target	Pair Corr
0.61	DRIQX	Dimensional 2015 Target	Pair Corr
0.92	DRIKX	Dimensional 2055 Target	Pair Corr
0.61	DRIJX	Dimensional 2050 Target	Pair Corr
0.65	DAADX	Dfa Emerging Markets	Pair Corr
0.65	DAABX	Dfa Sustainability	Pair Corr
0.66	DSCLX	Dfa International Social	Pair Corr
0.64	DSHGX	Dfa Selectively Hedged	Pair Corr
0.71	DSSMX	Dfa Selective State	Pair Corr
0.65	DCARX	Dfa California Municipal	Pair Corr
0.62	DEMGX	Emerging Markets Targeted	Pair Corr

Moving against Japanese Mutual Fund

0.33	DIPSX	Dfa Inflation Protected	Pair Corr
0.67	DFAAX	Dfa Global Core	Pair Corr
0.62	DRXIX	Dfa Ltip Portfolio	Pair Corr
0.62	DWFIX	Dfa World Ex	Pair Corr

Related Correlations Analysis

	FCSCX	DPIGX	FICMX	DNCGX	CGTFX	WMBDX
FCSCX		0.83	0.4	0.11	0.32	0.22	FCSCX
DPIGX	0.83		0.73	0.48	0.73	0.63	DPIGX
FICMX	0.4	0.73		0.85	0.93	0.92	FICMX
DNCGX	0.11	0.48	0.85		0.84	0.87	DNCGX
CGTFX	0.32	0.73	0.93	0.84		0.95	CGTFX
WMBDX	0.22	0.63	0.92	0.87	0.95		WMBDX
	FCSCX	DPIGX	FICMX	DNCGX	CGTFX	WMBDX

Risk-Adjusted Indicators

There is a big difference between Japanese Mutual Fund performing well and Japanese Small 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 Japanese Small'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
FCSCX	0.04	0.00	0.00	(0.13)	0.00	0.00	0.13	(0.13)	0.53
DPIGX	0.08	0.00	(0.70)	(0.18)	0.00	(0.13)	0.21	(0.10)	0.52
FICMX	0.17	0.01	(0.30)	0.21	0.13	(0.22)	0.33	(0.33)	1.10
DNCGX	0.13	0.00	(0.44)	(0.01)	0.11	(0.17)	0.24	(0.31)	0.63
CGTFX	0.13	0.00	(0.43)	0.00	0.12	(0.16)	0.25	(0.25)	0.91
WMBDX	0.17	0.00	(0.30)	0.40	0.16	(0.21)	0.38	(0.37)	1.13

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