Dfa Mn Correlations

Mutual Funds . USA . 
Fund . Dfa Mn Municipal
DMNBX Fund  USD 9.86  0.01  0.10%   
The current 90-days correlation between Dfa Mn Municipal and Cmg Ultra Short is 0.21 (i.e., Modest diversification). The correlation of Dfa Mn 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 Mn Correlation With Market

Very good diversification

The correlation between Dfa Mn Municipal and DJI is -0.36 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dfa Mn Municipal 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 Mn Municipal. 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 labor statistics.

Moving together with Dfa Mutual Fund

  0.74DIHRX Intal High RelativePairCorr
  0.74DILRX Dfa InternationalPairCorr
  0.75DISVX Dfa International SmallPairCorr
  0.75DISMX Dfa InternationalPairCorr
  0.79DMREX Dfa Municipal RealPairCorr
  0.98DNYMX Dfa Ny MunicipalPairCorr
  0.75DOGMX Dfa Oregon MunicipalPairCorr
  0.79DREIX World Core EquityPairCorr
  0.79DRIIX Dimensional 2045 TargetPairCorr
  0.79DRIHX Dimensional 2040 TargetPairCorr
  0.77DRIGX Dimensional 2035 TargetPairCorr
  0.74DRIWX Dimensional 2030 TargetPairCorr
  0.74DRIUX Dimensional 2025 TargetPairCorr
  0.79DRIRX Dimensional 2020 TargetPairCorr
  0.82DRIQX Dimensional 2015 TargetPairCorr
  0.79DRILX Dimensional 2060 TargetPairCorr
  0.79DRIKX Dimensional 2055 TargetPairCorr
  0.79DRIJX Dimensional 2050 TargetPairCorr
  0.83DAADX Dfa Emerging MarketsPairCorr
  0.69DAABX Dfa SustainabilityPairCorr
  0.74DSCLX Dfa International SocialPairCorr
  0.75DSCGX Dfa SmallPairCorr
  0.79DSHGX Dfa Selectively HedgedPairCorr
  0.63DSSMX Dfa Selective StatePairCorr
  0.82DTCPX Dfa Targeted CreditPairCorr
  0.79DTDRX Dimensional 2065 TargetPairCorr
  0.84DCARX Dfa California MunicipalPairCorr
  0.78DURPX Us High RelativePairCorr
  0.78DUSQX Us Lg CapPairCorr
  0.8DUSLX Dfa LargePairCorr
  0.85DEMSX Emerging Markets SmallPairCorr
  0.85DEMGX Emerging Markets TargetedPairCorr
  0.83DESIX Emerging Markets SusPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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