Dfa Ny Correlations

DNYMX Fund

USD 10.14 0.00 0.00%

The current 90-days correlation between Dfa Ny Municipal and Alpine High Yield is 0.02 (i.e., Significant diversification). The correlation of Dfa Ny 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 Ny Correlation With Market

Good diversification

The correlation between Dfa Ny Municipal and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dfa Ny 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 Ny 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 inflation.

Moving together with Dfa Mutual Fund

0.9	DOGMX	Dfa Oregon Municipal	Pair Corr
0.67	DSCLX	Dfa International Social	Pair Corr
0.87	DCIBX	Dfa Ca Int	Pair Corr
0.75	DCMSX	Dfa Commodity Strategy	Pair Corr
0.71	DWUSX	Dfa World Ex	Pair Corr

Moving against Dfa Mutual Fund

0.6	DIPSX	Dfa Inflation Protected	Pair Corr
0.48	DRIRX	Dimensional 2020 Target	Pair Corr
0.42	DRIWX	Dimensional 2030 Target	Pair Corr
0.41	DRIQX	Dimensional 2015 Target	Pair Corr
0.35	DRIUX	Dimensional 2025 Target	Pair Corr
0.34	DRIGX	Dimensional 2035 Target	Pair Corr
0.72	DEMSX	Emerging Markets Small	Pair Corr
0.52	DUSLX	Dfa Large	Pair Corr
0.34	DWFIX	Dfa World Ex	Pair Corr
0.32	DESIX	Emerging Markets Sus	Pair Corr
0.64	DFGEX	Dfa Global Real	Pair Corr
0.39	DFITX	Dfa International Real	Pair Corr
0.36	DFGBX	Dfa Five Year	Pair Corr
0.35	DFELX	Enhanced Large Pany	Pair Corr

Related Correlations Analysis

	AHYMX	TAHFX	MRHYX	CAYCX	0P0000A2WI	AGDAX
AHYMX		0.83	0.74	0.64	0.72	0.77	AHYMX
TAHFX	0.83		0.86	0.46	0.89	0.95	TAHFX
MRHYX	0.74	0.86		0.29	0.83	0.91	MRHYX
CAYCX	0.64	0.46	0.29		0.43	0.32	CAYCX
0P0000A2WI	0.72	0.89	0.83	0.43		0.84	0P0000A2WI
AGDAX	0.77	0.95	0.91	0.32	0.84		AGDAX
	AHYMX	TAHFX	MRHYX	CAYCX	0P0000A2WI	AGDAX

Risk-Adjusted Indicators

There is a big difference between Dfa Mutual Fund performing well and Dfa Ny 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 Ny'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AHYMX	0.09	0.00	(0.46)	0.17	0.00	(0.16)	0.22	(0.11)	0.67
TAHFX	0.14	0.01	(0.22)	1.05	0.02	(0.20)	0.25	(0.25)	1.10
MRHYX	0.10	0.00	(0.26)	0.22	0.00	(0.17)	0.24	(0.24)	0.59
CAYCX	0.09	0.00	(0.32)	0.00	0.00	(0.15)	0.21	(0.11)	0.73
0P0000A2WI	0.14	0.01	(0.20)	0.42	0.00	(0.25)	0.43	(0.29)	0.87
AGDAX	0.14	0.00	(0.31)	0.22	0.10	(0.21)	0.29	(0.29)	1.00

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