Dfa - Correlations

Mutual Funds . USA . 
Fund . Dfa Large
DUSLX Fund  USD 39.54  0.18  0.46%   
The current 90-days correlation between Dfa Large and Dfa Small is 0.76 (i.e., Poor diversification). The correlation of Dfa - 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 - Correlation With Market

Poor diversification

The correlation between Dfa Large 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 Large 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 Large. 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 bureau of economic analysis.

Moving together with Dfa Mutual Fund

  0.89DMREX Dfa Municipal RealPairCorr
  0.74DNYMX Dfa Ny MunicipalPairCorr
  0.93DREIX World Core EquityPairCorr
  0.97DRIIX Dimensional 2045 TargetPairCorr
  0.82DRIHX Dimensional 2040 TargetPairCorr
  0.96DRILX Dimensional 2060 TargetPairCorr
  0.96DRIKX Dimensional 2055 TargetPairCorr
  0.96DRIJX Dimensional 2050 TargetPairCorr
  0.82DAABX Dfa SustainabilityPairCorr
  0.92DSCGX Dfa SmallPairCorr
  0.95DSHGX Dfa Selectively HedgedPairCorr
  0.84DTCPX Dfa Targeted CreditPairCorr
  0.96DTDRX Dimensional 2065 TargetPairCorr
  0.89DCARX Dfa California MunicipalPairCorr
  1.0DURPX Us High RelativePairCorr
  0.98DUSQX Us Lg CapPairCorr

Moving against Dfa Mutual Fund

  0.47DIPSX Dfa Inflation ProtectedPairCorr
  0.46DIHRX Intal High RelativePairCorr
  0.41DILRX Dfa InternationalPairCorr
  0.36DOGMX Dfa Oregon MunicipalPairCorr
  0.67DRXIX Dfa Ltip PortfolioPairCorr
  0.62DFAPX Dfa Investment GradePairCorr
  0.6DSFIX Dfa Social FixedPairCorr
  0.56DWFIX Dfa World ExPairCorr
  0.35DFALX Large Cap InternationalPairCorr

Related Correlations Analysis

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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   
DFLVX
+ 0.97
DSCGX
DISMX
+ 0.97
DILRX
DFREX
+ 0.46
DISMX
DFREX
+ 0.37
DILRX
  
High negative correlations   
DFLVX
- 0.52
DILRX
DILRX
- 0.47
DSCGX
DISMX
- 0.41
DFLVX
DISMX
- 0.36
DSCGX
DFREX
- 0.22
DFLVX
DFREX
- 0.19
DSCGX

Risk-Adjusted Indicators

There is a big difference between Dfa Mutual Fund performing well and Dfa - 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 -'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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