Dfa Selective Correlations

DSSMX Fund

USD 9.57 0.00 0.00%

The correlation of Dfa Selective 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 Selective Correlation With Market

Very weak diversification

The correlation between Dfa Selective State and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dfa Selective State 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 Selective State. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Dfa Mutual Fund

0.97	VWITX	Vanguard Intermediate-ter	Pair Corr
0.97	VWIUX	Vanguard Intermediate-ter	Pair Corr
0.91	AFTEX	Tax Exempt Bond	Pair Corr
0.74	AFTFX	Tax Exempt Bond	Pair Corr
0.85	TEBCX	Tax Exempt Bond	Pair Corr
0.93	TEAFX	Tax Exempt Bond	Pair Corr
0.91	TFEBX	Tax Exempt Bond	Pair Corr
0.96	FLTMX	Fidelity Intermediate	Pair Corr
0.9	GSMUX	Goldman Sachs Dynamic	Pair Corr
0.93	GSMIX	Goldman Sachs Dynamic	Pair Corr
0.87	NBGPX	Columbia Capital All	Pair Corr
0.85	GCMTX	Goldman Sachs Mid	Pair Corr
0.95	NUVBX	Nuveen Intermediate	Pair Corr
0.93	MISAX	Victory Trivalent	Pair Corr
0.85	RCLVX	Conservative Strategy	Pair Corr
0.75	EVFAX	Eaton Vance Floating	Pair Corr
0.86	JLMRX	Lifestyle Ii Moderate	Pair Corr
0.64	LGOCX	Legg Mason Bw	Pair Corr
0.87	TPIIX	Timothy Plan Interna	Pair Corr
0.9	GTAAX	Power Global Tactical	Pair Corr
0.92	SBHPX	Segall Bryant Hamill	Pair Corr
0.72	EPGFX	Europac Gold	Pair Corr
0.65	FUNCX	Pioneer Fundamental	Pair Corr
0.74	PCODX	Pioneer Fund Pioneer	Pair Corr
0.82	HCYAX	Direxion Hilton Tactical	Pair Corr
0.84	USSBX	Short Term Bond	Pair Corr
0.63	SCURX	Hartford Schroders Small	Pair Corr
0.84	LSSCX	Loomis Sayles Small	Pair Corr
0.9	EXG	Eaton Vance Tax	Pair Corr
0.79	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr
0.92	FEORX	First Eagle Overseas	Pair Corr
0.89	AHIIX	High Income Fund	Pair Corr
0.91	RPSIX	Spectrum Income	Pair Corr
0.73	RYEAX	Energy Fund Class	Pair Corr

Moving against Dfa Mutual Fund

0.46

CISGX

Touchstone Sands Capital

Pair Corr

Related Correlations Analysis

	USGFX	WACXX	MXDQX	DNCGX	JAFYX	FCSCX	FCVXX
USGFX		0.0	0.84	0.84	0.8	0.62	0.0	USGFX
WACXX	0.0		0.0	0.0	0.0	0.0	0.0	WACXX
MXDQX	0.84	0.0		0.93	0.69	0.36	0.0	MXDQX
DNCGX	0.84	0.0	0.93		0.68	0.46	0.0	DNCGX
JAFYX	0.8	0.0	0.69	0.68		0.84	0.0	JAFYX
FCSCX	0.62	0.0	0.36	0.46	0.84		0.0	FCSCX
FCVXX	0.0	0.0	0.0	0.0	0.0	0.0		FCVXX
	USGFX	WACXX	MXDQX	DNCGX	JAFYX	FCSCX	FCVXX

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

DNCGX	+ 0.93	MXDQX
MXDQX	+ 0.84	USGFX
DNCGX	+ 0.84	USGFX
FCSCX	+ 0.84	JAFYX
JAFYX	+ 0.8	USGFX
JAFYX	+ 0.69	MXDQX

High negative correlations

FCVXX	- 0.0	FCSCX
FCVXX	- 0.0	JAFYX
FCVXX	- 0.0	DNCGX
FCVXX	- 0.0	MXDQX
FCVXX	- 0.0	WACXX
FCSCX	- 0.0	WACXX

Risk-Adjusted Indicators

There is a big difference between Dfa Mutual Fund performing well and Dfa Selective 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 Selective'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
USGFX	0.13	(0.01)	(0.39)	(0.21)	0.16	(0.15)	0.25	(0.25)	0.66
WACXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MXDQX	0.15	(0.01)	(0.36)	(0.20)	0.17	(0.19)	0.25	(0.24)	0.74
DNCGX	0.13	(0.01)	(0.37)	(0.09)	0.15	(0.16)	0.24	(0.32)	0.71
JAFYX	0.07	(0.01)	(0.63)	(0.90)	0.02	(0.10)	0.17	(0.09)	0.34
FCSCX	0.05	0.00	(0.44)	1.73	0.00	(0.19)	0.13	(0.13)	0.53
FCVXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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