| DFMLX Fund | | | USD 36.09 0.24 0.66% |
The current 90-days correlation between Df Dent Midcap and Df Dent Small is -0.11 (i.e., Good diversification). The correlation of Df Dent 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.
Df Dent Correlation With Market
Significant diversification
The correlation between Df Dent Midcap and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Df Dent Midcap and DJI in the same portfolio, assuming nothing else is changed.
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Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Df Dent Midcap. 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.