Dfa Selective Correlations

DSSMX Fund

USD 9.52 0.01 0.11%

The current 90-days correlation between Dfa Selective State and Doubleline Emerging Markets is 0.03 (i.e., Significant diversification). The correlation of Dfa Selective 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 Selective Correlation With Market

Good diversification

The correlation between Dfa Selective State and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dfa Selective State 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 Selective State. 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 industry.

Moving together with Dfa Mutual Fund

0.61	DISVX	Dfa International Small	Pair Corr
0.65	DMNBX	Dfa Mn Municipal	Pair Corr
0.91	DNYMX	Dfa Ny Municipal	Pair Corr
0.98	DOGMX	Dfa Oregon Municipal	Pair Corr
0.63	DREIX	World Core Equity	Pair Corr
0.65	DRIIX	Dimensional 2045 Target	Pair Corr
0.64	DRIHX	Dimensional 2040 Target	Pair Corr
0.62	DRILX	Dimensional 2060 Target	Pair Corr
0.62	DRIKX	Dimensional 2055 Target	Pair Corr
0.64	DRIJX	Dimensional 2050 Target	Pair Corr
0.66	DAADX	Dfa Emerging Markets	Pair Corr
0.66	DSHGX	Dfa Selectively Hedged	Pair Corr
0.99	DCIBX	Dfa Ca Int	Pair Corr
0.82	DCMSX	Dfa Commodity Strategy	Pair Corr

Moving against Dfa Mutual Fund

0.49	DEMSX	Emerging Markets Small	Pair Corr
0.36	DUSLX	Dfa Large	Pair Corr
0.35	DRXIX	Dfa Ltip Portfolio	Pair Corr

Related Correlations Analysis

	DBELX	REMVX	FHKFX	EGLNX	PCEMX	SAEMX	XEMDX	EMDQX
DBELX		0.81	0.28	0.64	0.73	0.73	0.85	0.96	DBELX
REMVX	0.81		0.7	0.33	0.9	0.95	0.84	0.8	REMVX
FHKFX	0.28	0.7		-0.01	0.73	0.72	0.36	0.31	FHKFX
EGLNX	0.64	0.33	-0.01		0.33	0.26	0.29	0.66	EGLNX
PCEMX	0.73	0.9	0.73	0.33		0.86	0.72	0.73	PCEMX
SAEMX	0.73	0.95	0.72	0.26	0.86		0.8	0.73	SAEMX
XEMDX	0.85	0.84	0.36	0.29	0.72	0.8		0.8	XEMDX
EMDQX	0.96	0.8	0.31	0.66	0.73	0.73	0.8		EMDQX
	DBELX	REMVX	FHKFX	EGLNX	PCEMX	SAEMX	XEMDX	EMDQX

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

EMDQX	+ 0.96	DBELX
SAEMX	+ 0.95	REMVX
PCEMX	+ 0.9	REMVX
SAEMX	+ 0.86	PCEMX
XEMDX	+ 0.85	DBELX
XEMDX	+ 0.84	REMVX

High negative correlations

EGLNX

- 0.01

FHKFX

Risk-Adjusted Indicators

There is a big difference between Dfa Mutual Fund performing well and Dfa Selective 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 Selective'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
DBELX	0.20	0.01	(0.07)	0.12	0.26	(0.22)	0.42	(0.52)	0.95
REMVX	0.64	0.09	0.08	0.18	0.72	(0.75)	1.23	(0.86)	4.38
FHKFX	0.73	0.02	0.01	0.07	1.05	(0.74)	1.38	(1.32)	4.98
EGLNX	0.65	(0.02)	(0.05)	0.01	0.82	(0.75)	1.26	(1.61)	3.79
PCEMX	0.62	0.08	0.06	0.16	0.86	(0.72)	1.62	(1.34)	5.04
SAEMX	0.55	0.08	0.04	0.49	0.70	(0.59)	1.10	(1.30)	3.87
XEMDX	0.19	0.01	(0.09)	0.15	0.18	(0.23)	0.36	(0.45)	1.88
EMDQX	0.20	0.03	(0.05)	0.24	0.00	(0.28)	0.41	(0.41)	1.03

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