Global Allocation Correlations

Mutual Funds . USA . 
Fund . Global Allocation 2575
DGTSX Fund  USD 14.57  0.04  0.28%   
The current 90-days correlation between Global Allocation 2575 and Vanguard Lifestrategy Servative is 0.9 (i.e., Almost no diversification). The correlation of Global Allocation 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.

Global Allocation Correlation With Market

Very poor diversification

The correlation between Global Allocation 2575 and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Allocation 2575 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 Global Allocation 2575. 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 state.

Moving together with Global Mutual Fund

  0.9DMREX Dfa Municipal RealPairCorr
  0.76DNYMX Dfa Ny MunicipalPairCorr
  0.97DREIX World Core EquityPairCorr
  0.99DRIIX Dimensional 2045 TargetPairCorr
  0.91DRIHX Dimensional 2040 TargetPairCorr
  0.99DRILX Dimensional 2060 TargetPairCorr
  0.99DRIKX Dimensional 2055 TargetPairCorr
  0.99DRIJX Dimensional 2050 TargetPairCorr
  0.86DAABX Dfa SustainabilityPairCorr
  0.94DSCGX Dfa SmallPairCorr
  0.98DSHGX Dfa Selectively HedgedPairCorr
  0.88DTCPX Dfa Targeted CreditPairCorr
  0.99DTDRX Dimensional 2065 TargetPairCorr
  0.9DCARX Dfa California MunicipalPairCorr
  0.64DCMSX Dfa Commodity StrategyPairCorr
  0.97DURPX Us High RelativePairCorr
  0.96DUSQX Us Lg CapPairCorr
  0.97DUSLX Dfa LargePairCorr

Moving against Global Mutual Fund

  0.59DRXIX Dfa Ltip PortfolioPairCorr
  0.51DSFIX Dfa Social FixedPairCorr
  0.4DIPSX Dfa Inflation ProtectedPairCorr
  0.39DIHRX Intal High RelativePairCorr
  0.35DILRX Dfa InternationalPairCorr
  0.63DFIGX Dfa Intermediate GovPairCorr
  0.51DFAPX Dfa Investment GradePairCorr
  0.44DFCSX Continental Small PanyPairCorr
  0.4DWFIX Dfa World ExPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Global Mutual Fund performing well and Global Allocation 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 Global Allocation'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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