Dfa Mn Correlations

Mutual Funds . USA . 
Fund . Dfa Mn Municipal
DMNBX Fund  USD 9.85  0.01  0.10%   
The current 90-days correlation between Dfa Mn Municipal and Smallcap World Fund is -0.08 (i.e., Good 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

Good diversification

The correlation between Dfa Mn Municipal and DJI is -0.09 (i.e., 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

  0.63DIHRX Intal High RelativePairCorr
  0.63DILRX Dfa InternationalPairCorr
  0.63DISVX Dfa International SmallPairCorr
  0.64DISMX Dfa InternationalPairCorr
  0.68DMREX Dfa Municipal RealPairCorr
  0.97DNYMX Dfa Ny MunicipalPairCorr
  0.73DOGMX Dfa Oregon MunicipalPairCorr
  0.7DREIX World Core EquityPairCorr
  0.71DRIIX Dimensional 2045 TargetPairCorr
  0.71DRIHX Dimensional 2040 TargetPairCorr
  0.7DRIGX Dimensional 2035 TargetPairCorr
  0.67DRIWX Dimensional 2030 TargetPairCorr
  0.66DRIUX Dimensional 2025 TargetPairCorr
  0.7DRIRX Dimensional 2020 TargetPairCorr
  0.72DRIQX Dimensional 2015 TargetPairCorr
  0.7DRILX Dimensional 2060 TargetPairCorr
  0.7DRIKX Dimensional 2055 TargetPairCorr
  0.7DRIJX Dimensional 2050 TargetPairCorr
  0.73DAADX Dfa Emerging MarketsPairCorr
  0.65DAABX Dfa SustainabilityPairCorr
  0.7DSCLX Dfa International SocialPairCorr
  0.69DSCGX Dfa SmallPairCorr
  0.71DSHGX Dfa Selectively HedgedPairCorr
  0.72DTCPX Dfa Targeted CreditPairCorr
  0.76DTDRX Dimensional 2065 TargetPairCorr
  0.74DCARX Dfa California MunicipalPairCorr
  0.71DURPX Us High RelativePairCorr
  0.7DUSQX Us Lg CapPairCorr
  0.73DUSLX Dfa LargePairCorr
  0.74DEMSX Emerging Markets SmallPairCorr
  0.75DEMGX Emerging Markets TargetedPairCorr
  0.73DESIX 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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