Dfa Global Correlations

Mutual Funds . USA . 
Fund . Dfa Global Real
DFGEX Fund  USD 11.05  0.17  1.52%   
The current 90-days correlation between Dfa Global Real and American Funds Global is 0.05 (i.e., Significant diversification). The correlation of Dfa Global 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 Global Correlation With Market

Good diversification

The correlation between Dfa Global Real and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dfa Global Real 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 Global Real. 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 population.

Moving together with Dfa Mutual Fund

  0.67DILRX Dfa InternationalPairCorr
  0.81DIPSX Dfa Inflation ProtectedPairCorr
  0.65DISVX Dfa International SmallPairCorr
  0.78DNYMX Dfa Ny MunicipalPairCorr
  0.76DOGMX Dfa Oregon MunicipalPairCorr
  0.83DREIX World Core EquityPairCorr
  0.72DRIIX Dimensional 2045 TargetPairCorr
  0.72DRIHX Dimensional 2040 TargetPairCorr
  0.79DRIGX Dimensional 2035 TargetPairCorr
  0.71DRIWX Dimensional 2030 TargetPairCorr
  0.82DRIUX Dimensional 2025 TargetPairCorr
  0.83DRIRX Dimensional 2020 TargetPairCorr
  0.82DRIQX Dimensional 2015 TargetPairCorr
  0.82DRILX Dimensional 2060 TargetPairCorr
  0.72DRIKX Dimensional 2055 TargetPairCorr
  0.81DRIJX Dimensional 2050 TargetPairCorr
  0.68DAADX Dfa Emerging MarketsPairCorr
  0.63DAABX Dfa SustainabilityPairCorr
  0.62DRXIX Dfa Ltip PortfolioPairCorr
  0.79DSCLX Dfa International SocialPairCorr
  0.69DSCGX Dfa SmallPairCorr
  0.82DSHGX Dfa Selectively HedgedPairCorr
  0.76DSSMX Dfa Selective StatePairCorr
  0.77DTCPX Dfa Targeted CreditPairCorr
  0.81DTDRX Dimensional 2065 TargetPairCorr
  0.76DCIBX Dfa Ca IntPairCorr
  0.73DCMSX Dfa Commodity StrategyPairCorr
  0.78DURPX Us High RelativePairCorr
  0.71DUSQX Us Lg CapPairCorr
  0.66DUSLX Dfa LargePairCorr
  0.7DEMSX Emerging Markets SmallPairCorr
  0.81DEMGX Emerging Markets TargetedPairCorr
  0.72DESIX Emerging Markets SusPairCorr
  0.79DFAPX Dfa Investment GradePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Dfa Mutual Fund performing well and Dfa Global 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 Global'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
PGGFX  0.54  0.05  0.05  0.14  0.56 
(0.59)
 1.37 
(0.77)
 4.47 
PRRAX  0.59  0.04 (0.08)(0.71) 0.60 
(0.66)
 1.32 
(1.02)
 3.23 
PAWAX  0.56  0.14  0.05 (0.54) 0.57 
(0.67)
 1.51 
(0.93)
 4.38 
SWSSX  0.91  0.03  0.07  0.10  0.87 
(1.04)
 2.52 
(1.46)
 6.87 
DEMAX  1.27  0.49  0.23 (4.22) 1.30 
(1.49)
 2.72 
(2.23)
 9.51 
FUNYX  0.63 (0.01)(0.01) 0.08  0.79 
(0.66)
 1.30 
(1.05)
 4.56 
OAKLX  0.65 (0.07)(0.07) 0.03  0.71 
(0.78)
 1.64 
(1.03)
 5.46 
TNIBX  0.08  0.01 (0.47) 1.34  0.00 
(0.15)
 0.23 
(0.12)
 0.71 
FZAJX  0.61  0.04  0.03  0.13  0.65 
(0.68)
 1.36 
(1.05)
 3.92 
FPIFX  0.24  0.05 (0.02) 0.22  0.00 
(0.30)
 0.52 
(0.35)
 1.86 

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