Dfa Intl Correlations

DICAX Fund

USD 21.04 0.11 0.53%

The current 90-days correlation between Dfa Intl Core and Ab Global Bond is -0.09 (i.e., Good diversification). The correlation of Dfa Intl 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 Intl Correlation With Market

Modest diversification

The correlation between Dfa Intl Core and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dfa Intl Core 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 Intl Core. 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 nation.

Moving together with Dfa Mutual Fund

0.89	VGTSX	Vanguard Total Inter	Pair Corr
0.89	VTIAX	Vanguard Total Inter	Pair Corr
0.82	NHS	Neuberger Berman High	Pair Corr

Moving against Dfa Mutual Fund

0.82	QREARX	Teachers Insurance And	Pair Corr
0.72	PFRIX	Prudential Floating Rate	Pair Corr
0.63	WCPSX	Mobile Telecommunicatio	Pair Corr
0.56	VIPAX	Index Plus Largecap	Pair Corr
0.54	FSKAX	Fidelity Total Market	Pair Corr
0.53	VTSAX	Vanguard Total Stock	Pair Corr
0.53	VFIAX	Vanguard 500 Index	Pair Corr
0.53	VTSMX	Vanguard Total Stock	Pair Corr
0.53	VITSX	Vanguard Total Stock	Pair Corr
0.53	VSTSX	Vanguard Total Stock	Pair Corr
0.53	VSMPX	Vanguard Total Stock	Pair Corr
0.53	VFINX	Vanguard 500 Index	Pair Corr
0.52	VLISX	Vanguard Large Cap	Pair Corr
0.51	VMIDX	Mid Cap Index	Pair Corr
0.5	VFFSX	Vanguard 500 Index	Pair Corr
0.48	TASMX	Transamerica Smallmid Cap	Pair Corr
0.47	FPURX	Fidelity Puritan	Pair Corr
0.34	PCWPX	Strategic Asset Mana	Pair Corr
0.76	RYBKX	Banking Fund Class	Pair Corr
0.61	AMGOX	Alger Mid Cap	Pair Corr
0.57	WWLAX	Westwood Largecap Value	Pair Corr
0.56	ARTMX	Artisan Mid Cap	Pair Corr
0.56	SPXUX	Wisdomtree Digital Trust	Pair Corr
0.56	FLACX	Fidelity Stock Selector	Pair Corr
0.53	AMEIX	Equity Growth	Pair Corr
0.52	BPIRX	Boston Partners Longshort	Pair Corr
0.51	ASTZX	Astor Long/short	Pair Corr
0.5	MIEYX	Mm Sp 500	Pair Corr

Related Correlations Analysis

	ANAZX	BCGDX	USLUX	CABIX	EQTYX	WRLDX
ANAZX		0.09	-0.57	0.48	0.55	-0.32	ANAZX
BCGDX	0.09		0.43	0.72	0.35	0.62	BCGDX
USLUX	-0.57	0.43		0.36	-0.2	0.66	USLUX
CABIX	0.48	0.72	0.36		0.46	0.43	CABIX
EQTYX	0.55	0.35	-0.2	0.46		0.13	EQTYX
WRLDX	-0.32	0.62	0.66	0.43	0.13		WRLDX
	ANAZX	BCGDX	USLUX	CABIX	EQTYX	WRLDX

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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

CABIX	+ 0.72	BCGDX
WRLDX	+ 0.66	USLUX
WRLDX	+ 0.62	BCGDX
EQTYX	+ 0.55	ANAZX
CABIX	+ 0.48	ANAZX
EQTYX	+ 0.46	CABIX

High negative correlations

USLUX	- 0.57	ANAZX
WRLDX	- 0.32	ANAZX
EQTYX	- 0.2	USLUX

Risk-Adjusted Indicators

There is a big difference between Dfa Mutual Fund performing well and Dfa Intl 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 Intl'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
ANAZX	0.18	(0.02)	0.00	(0.70)	0.00	0.00	0.29	(0.29)	1.01
BCGDX	0.48	(0.07)	(0.18)	0.00	0.63	(0.49)	0.82	(1.10)	2.50
USLUX	0.76	0.06	(0.08)	(0.25)	0.88	(0.81)	1.79	(1.59)	5.91
CABIX	0.30	0.00	(0.29)	0.03	0.37	(0.35)	0.57	(0.72)	1.86
EQTYX	0.42	0.00	(0.19)	0.09	0.44	(0.62)	1.11	(0.91)	2.53
WRLDX	0.48	(0.03)	(0.13)	0.08	0.45	(0.56)	0.92	(0.97)	2.75

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