World Ex Correlations

Mutual Funds USA . 
Fund . World Ex Val
DFWVX Fund  USD 18.59  0.04  0.21%   
The correlation of World Ex 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.

World Ex Correlation With Market

Poor diversification

The correlation between World Ex Val and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding World Ex Val 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 World Ex Val. 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 persons.

Moving together with World Mutual Fund

  0.99DIHRX Intal High RelativePairCorr
  0.98DILRX Dfa InternationalPairCorr
  0.79DIPSX Dfa Inflation ProtectedPairCorr
  0.98DISVX Dfa International SmallPairCorr
  0.96DISMX Dfa InternationalPairCorr
  0.97DMNBX Dfa Mn MunicipalPairCorr
  0.94DMREX Dfa Municipal RealPairCorr
  0.97DNYMX Dfa Ny MunicipalPairCorr
  0.98DOGMX Dfa Oregon MunicipalPairCorr
  0.95DREIX World Core EquityPairCorr
  0.97DRIIX Dimensional 2045 TargetPairCorr
  0.95DRIHX Dimensional 2040 TargetPairCorr
  0.9DRIGX Dimensional 2035 TargetPairCorr
  0.89DRIWX Dimensional 2030 TargetPairCorr
  0.93DRIUX Dimensional 2025 TargetPairCorr
  0.89DRIRX Dimensional 2020 TargetPairCorr
  0.86DRIQX Dimensional 2015 TargetPairCorr
  0.97DRILX Dimensional 2060 TargetPairCorr
  0.97DRIKX Dimensional 2055 TargetPairCorr
  0.96DRIJX Dimensional 2050 TargetPairCorr
  0.99DAADX Dfa Emerging MarketsPairCorr
  0.93DAABX Dfa SustainabilityPairCorr
  1.0DSCLX Dfa International SocialPairCorr
  0.86DSCGX Dfa SmallPairCorr
  0.78DSFIX Dfa Social FixedPairCorr
  0.98DSHGX Dfa Selectively HedgedPairCorr
  0.97DSSMX Dfa Selective StatePairCorr
  0.98DTCPX Dfa Targeted CreditPairCorr
  0.97DTDRX Dimensional 2065 TargetPairCorr
  0.94DCARX Dfa California MunicipalPairCorr
  0.98DCIBX Dfa Ca IntPairCorr
  0.91DCMSX Dfa Commodity StrategyPairCorr
  0.91DURPX Us High RelativePairCorr
  0.74DUSQX Us Lg CapPairCorr
  0.75DUSLX Dfa LargePairCorr
  0.98DEMSX Emerging Markets SmallPairCorr
  0.99DEMGX Emerging Markets TargetedPairCorr
  0.78DWFIX Dfa World ExPairCorr
  0.98DESIX Emerging Markets SusPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between World Mutual Fund performing well and World Ex 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 World Ex'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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