Dimensional Targeted Correlations

Etfs . USA . 
Etf . Dimensional Targeted Value
DFAT Etf  USD 54.93  0.23  0.42%   
The current 90-days correlation between Dimensional Targeted and Dimensional Small Cap is 0.96 (i.e., Almost no diversification). The correlation of Dimensional Targeted 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.

Dimensional Targeted Correlation With Market

Poor diversification

The correlation between Dimensional Targeted Value and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dimensional Targeted Value and DJI in the same portfolio, assuming nothing else is changed.
  
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dimensional Targeted Value. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Dimensional Etf

  1.0VBR Vanguard Small CapPairCorr
  0.99IWN iShares Russell 2000PairCorr
  1.0IJJ iShares SP MidPairCorr
  1.0IJS iShares SP SmallPairCorr
  1.0SLYV SPDR SP 600PairCorr
  1.0AVUV Avantis Small CapPairCorr
  0.99DES WisdomTree SmallCapPairCorr
  0.65MDYV SPDR SP 400PairCorr
  0.98CALF Pacer Small CapPairCorr
  0.97UPRO ProShares UltraPro SP500PairCorr
  0.95QTJA Innovator ETFs TrustPairCorr
  0.65QTOC Innovator ETFs TrustPairCorr
  0.95XTOC Innovator ETFs TrustPairCorr
  0.94QTAP Innovator Growth 100PairCorr
  0.96XTJA Innovator ETFs TrustPairCorr
  0.95XTAP Innovator Equity AccPairCorr
  0.66HIDE Alpha Architect HighPairCorr
  0.8VBF Invesco Van KampenPairCorr
  0.77KWEB KraneShares CSI China Aggressive PushPairCorr
  0.95CGGO Capital Group GlobalPairCorr
  0.96BUFD FT Cboe VestPairCorr
  0.81SPIB SPDR Barclays IntermPairCorr
  0.62EUSB iShares TrustPairCorr

Related Correlations Analysis

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Dimensional Targeted Constituents Risk-Adjusted Indicators

There is a big difference between Dimensional Etf performing well and Dimensional Targeted ETF 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 Dimensional Targeted'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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