Dfa Targeted Correlations

Mutual Funds . USA . 
Fund . Dfa Targeted Credit
DTCPX Fund  USD 9.72  0.01  0.10%   
The current 90-days correlation between Dfa Targeted Credit and World Core Equity is 0.18 (i.e., Average diversification). The correlation of Dfa Targeted 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 Targeted Correlation With Market

Poor diversification

The correlation between Dfa Targeted Credit and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dfa Targeted Credit 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 Targeted Credit. 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 employment.

Moving together with Dfa Mutual Fund

  0.97DIHRX Intal High RelativePairCorr
  0.95DILRX Dfa InternationalPairCorr
  0.77DIPSX Dfa Inflation ProtectedPairCorr
  0.95DISVX Dfa International SmallPairCorr
  0.93DISMX Dfa InternationalPairCorr
  0.97DMNBX Dfa Mn MunicipalPairCorr
  0.81DMREX Dfa Municipal RealPairCorr
  0.95DNYMX Dfa Ny MunicipalPairCorr
  0.99DOGMX Dfa Oregon MunicipalPairCorr
  0.91DREIX World Core EquityPairCorr
  0.91DRIIX Dimensional 2045 TargetPairCorr
  0.91DRIHX Dimensional 2040 TargetPairCorr
  0.88DRIGX Dimensional 2035 TargetPairCorr
  0.88DRIWX Dimensional 2030 TargetPairCorr
  0.92DRIUX Dimensional 2025 TargetPairCorr
  0.88DRIRX Dimensional 2020 TargetPairCorr
  0.85DRIQX Dimensional 2015 TargetPairCorr
  0.91DRILX Dimensional 2060 TargetPairCorr
  0.91DRIKX Dimensional 2055 TargetPairCorr
  0.91DRIJX Dimensional 2050 TargetPairCorr
  0.98DAADX Dfa Emerging MarketsPairCorr
  0.92DAABX Dfa SustainabilityPairCorr
  0.96DSCLX Dfa International SocialPairCorr
  0.83DSCGX Dfa SmallPairCorr
  0.79DSFIX Dfa Social FixedPairCorr
  0.94DSHGX Dfa Selectively HedgedPairCorr
  0.98DSSMX Dfa Selective StatePairCorr
  0.91DTDRX Dimensional 2065 TargetPairCorr
  0.83DCARX Dfa California MunicipalPairCorr
  0.99DCIBX Dfa Ca IntPairCorr
  0.92DCMSX Dfa Commodity StrategyPairCorr
  0.84DURPX Us High RelativePairCorr
  0.69DUSQX Us Lg CapPairCorr
  0.69DUSLX Dfa LargePairCorr
  0.97DEMSX Emerging Markets SmallPairCorr
  0.98DEMGX Emerging Markets TargetedPairCorr
  0.66DWFIX Dfa World ExPairCorr
  0.97DESIX Emerging Markets SusPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Dfa Mutual Fund performing well and Dfa Targeted 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 Targeted'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
DIHRX  0.54  0.15  0.17  0.35  0.18 
(0.65)
 1.19 
(0.85)
 3.25 
DILRX  0.59  0.13  0.14  0.30  0.36 
(0.71)
 1.31 
(1.03)
 3.64 
DIPSX  0.14  0.01 (0.55) 0.93  0.00 
(0.17)
 0.27 
(0.27)
 0.63 
DISVX  0.62  0.32  0.40  0.59  0.00 
(0.81)
 1.75 
(0.71)
 7.06 
DISMX  0.57  0.16  0.14  0.37  0.44 
(0.67)
 1.41 
(0.99)
 3.57 
DMNBX  0.03  0.00  0.00  0.18  0.00 
 0.00 
 0.10 
 0.00 
 0.20 
DMREX  0.06  0.01 (0.95) 0.48  0.00 
(0.15)
 0.09 
(0.09)
 1.04 
DNYMX  0.03  0.00  0.00  0.85  0.00 
 0.00 
 0.10 
 0.00 
 0.10 
DOGMX  0.05  0.01  0.00  1.81  0.00 
 0.00 
 0.10 
(0.10)
 0.30 
DREIX  0.55  0.16  0.18  0.34  0.17 
(0.67)
 1.17 
(0.92)
 5.16 

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