Dfa Selective Correlations

Mutual Funds . USA . 
Fund . Dfa Selective State
DSSMX Fund  USD 9.63  0.00  0.00%   
The current 90-days correlation between Dfa Selective State and World Core Equity is -0.03 (i.e., Good 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

Very poor diversification

The correlation between Dfa Selective State and DJI is 0.85 (i.e., Very poor 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 state.

Moving together with Dfa Mutual Fund

  0.97DIHRX Intal High RelativePairCorr
  0.96DILRX Dfa InternationalPairCorr
  0.67DIPSX Dfa Inflation ProtectedPairCorr
  0.95DISVX Dfa International SmallPairCorr
  0.94DISMX Dfa InternationalPairCorr
  0.98DMNBX Dfa Mn MunicipalPairCorr
  0.85DMREX Dfa Municipal RealPairCorr
  0.97DNYMX Dfa Ny MunicipalPairCorr
  0.67DOGMX Dfa Oregon MunicipalPairCorr
  0.92DREIX World Core EquityPairCorr
  0.92DRIIX Dimensional 2045 TargetPairCorr
  0.92DRIHX Dimensional 2040 TargetPairCorr
  0.9DRIGX Dimensional 2035 TargetPairCorr
  0.89DRIWX Dimensional 2030 TargetPairCorr
  0.92DRIUX Dimensional 2025 TargetPairCorr
  0.89DRIRX Dimensional 2020 TargetPairCorr
  0.87DRIQX Dimensional 2015 TargetPairCorr
  0.92DRILX Dimensional 2060 TargetPairCorr
  0.92DRIKX Dimensional 2055 TargetPairCorr
  0.92DRIJX Dimensional 2050 TargetPairCorr
  0.98DAADX Dfa Emerging MarketsPairCorr
  0.93DAABX Dfa SustainabilityPairCorr
  0.96DSCLX Dfa International SocialPairCorr
  0.87DSCGX Dfa SmallPairCorr
  0.77DSFIX Dfa Social FixedPairCorr
  0.95DSHGX Dfa Selectively HedgedPairCorr
  0.8DTCPX Dfa Targeted CreditPairCorr
  0.92DTDRX Dimensional 2065 TargetPairCorr
  0.85DCARX Dfa California MunicipalPairCorr
  0.68DCIBX Dfa Ca IntPairCorr
  0.88DCMSX Dfa Commodity StrategyPairCorr
  0.85DURPX Us High RelativePairCorr
  0.73DUSQX Us Lg CapPairCorr
  0.66DEMSX Emerging Markets SmallPairCorr
  0.97DEMGX Emerging Markets TargetedPairCorr
  0.64DESIX Emerging Markets SusPairCorr

Related Correlations Analysis


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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
DIHRX  0.58  0.10  0.11  0.21  0.50 
(0.65)
 1.19 
(1.17)
 3.25 
DILRX  0.64  0.08  0.08  0.18  0.60 
(0.71)
 1.31 
(1.27)
 3.64 
DIPSX  0.13  0.00 (0.37) 0.31  0.08 
(0.17)
 0.27 
(0.27)
 0.63 
DISVX  0.67  0.28  0.33  0.44  0.26 
(0.82)
 1.75 
(1.05)
 7.06 
DISMX  0.61  0.11  0.10  0.24  0.62 
(0.68)
 1.41 
(1.17)
 3.57 
DMNBX  0.03  0.00  0.00  0.34  0.00 
 0.00 
 0.10 
 0.00 
 0.20 
DMREX  0.05  0.01 (0.56) 0.40  0.00 
(0.16)
 0.09 
(0.09)
 1.04 
DNYMX  0.03  0.00  0.00  1.65  0.00 
 0.00 
 0.10 
 0.00 
 0.10 
DOGMX  0.05  0.02  0.00 (5.29) 0.00 
 0.00 
 0.10 
 0.00 
 0.30 
DREIX  0.57  0.13  0.15  0.25  0.40 
(0.66)
 1.17 
(1.14)
 5.16 

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