Us Small Correlations

DFSVX Fund

USD 51.68 0.83 1.63%

The current 90-days correlation between Us Small Cap and Us Micro Cap is 0.98 (i.e., Almost no diversification). The correlation of Us 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.

Us Small Correlation With Market

Very poor diversification

The correlation between Us Small Cap and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Us Small Cap 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 Small Cap. 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 DFSVX Mutual Fund

0.78	DREIX	World Core Equity	Pair Corr
0.76	DRIKX	Dimensional 2055 Target	Pair Corr
0.91	DAABX	Dfa Sustainability	Pair Corr
0.96	DSCGX	Dfa Small	Pair Corr
0.79	DSHGX	Dfa Selectively Hedged	Pair Corr
0.65	DTCPX	Dfa Targeted Credit	Pair Corr
0.73	DCARX	Dfa California Municipal	Pair Corr
0.83	DURPX	Us High Relative	Pair Corr
0.88	DUSQX	Us Lg Cap	Pair Corr
0.8	DUSLX	Dfa Large	Pair Corr
0.71	DFFGX	Dfa Short Term	Pair Corr
0.66	DFEQX	Dfa Short Term	Pair Corr
0.9	DFEOX	Us E Equity	Pair Corr
0.82	DFELX	Enhanced Large Pany	Pair Corr
0.71	DFGBX	Dfa Five Year	Pair Corr
0.91	DFFVX	Us Targeted Value	Pair Corr
0.69	DFIHX	Dfa One Year	Pair Corr
0.84	DFLVX	Us Large Cap	Pair Corr
0.91	DFQTX	Us E Equity	Pair Corr

Moving against DFSVX Mutual Fund

0.5	DIHRX	Intal High Relative	Pair Corr
0.47	DILRX	Dfa International	Pair Corr
0.38	DAADX	Dfa Emerging Markets	Pair Corr
0.36	DISMX	Dfa International	Pair Corr
0.36	DOGMX	Dfa Oregon Municipal	Pair Corr
0.59	DFITX	Dfa International Real	Pair Corr
0.42	DFSPX	Dfa Intl Sustainability	Pair Corr
0.4	DFJSX	Japanese Small Pany	Pair Corr
0.39	DFIEX	International E Equity	Pair Corr
0.34	DFISX	International Small Pany	Pair Corr
0.33	DFGEX	Dfa Global Real	Pair Corr

Related Correlations Analysis

	DFSCX	DISVX	DFLVX	DFISX	DFIVX
DFSCX		-0.29	0.85	-0.34	-0.23	DFSCX
DISVX	-0.29		-0.24	0.99	0.85	DISVX
DFLVX	0.85	-0.24		-0.27	-0.29	DFLVX
DFISX	-0.34	0.99	-0.27		0.85	DFISX
DFIVX	-0.23	0.85	-0.29	0.85		DFIVX
	DFSCX	DISVX	DFLVX	DFISX	DFIVX

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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

DFISX	+ 0.99	DISVX
DFLVX	+ 0.85	DFSCX
DFIVX	+ 0.85	DISVX
DFIVX	+ 0.85	DFISX

High negative correlations

DFISX	- 0.34	DFSCX
DFIVX	- 0.29	DFLVX
DISVX	- 0.29	DFSCX
DFISX	- 0.27	DFLVX
DFLVX	- 0.24	DISVX
DFIVX	- 0.23	DFSCX

Risk-Adjusted Indicators

There is a big difference between DFSVX Mutual Fund performing well and Us 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 Us 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
DFSCX	0.95	0.00	0.05	0.08	0.86	(1.12)	2.29	(1.53)	8.36
DISVX	0.66	(0.04)	0.00	0.64	0.00	0.00	1.85	(1.49)	4.14
DFLVX	0.60	0.08	(0.02)	(0.92)	0.50	(0.72)	1.18	(0.87)	4.67
DFISX	0.61	(0.05)	0.00	0.76	0.00	0.00	1.74	(1.33)	3.97
DFIVX	0.64	(0.07)	0.00	(0.06)	0.00	0.00	1.49	(1.55)	3.67

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