Dfa Intermediate Correlations

DFIGX Fund

USD 11.24 0.02 0.18%

The current 90-days correlation between Dfa Intermediate Gov and Janus Multi Sector Income is -0.07 (i.e., Good diversification). The correlation of Dfa Intermediate 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 Intermediate Correlation With Market

Significant diversification

The correlation between Dfa Intermediate Government and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dfa Intermediate Government 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 Intermediate Government. 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 census.

Moving together with Dfa Mutual Fund

0.67	DOGMX	Dfa Oregon Municipal	Pair Corr
0.86	DSFIX	Dfa Social Fixed	Pair Corr
0.8	DSSMX	Dfa Selective State	Pair Corr
0.74	DTCPX	Dfa Targeted Credit	Pair Corr
0.68	DCIBX	Dfa Ca Int	Pair Corr

Moving against Dfa Mutual Fund

0.36

DEMSX

Emerging Markets Small

Pair Corr

Related Correlations Analysis

	JMUTX	TAIFX	OAKBX	FRIFX	JEPAX	FSKLX	CSXCX	AMIGX	AMAGX
JMUTX		0.86	0.58	0.36	0.85	0.36	0.14	0.59	0.59	JMUTX
TAIFX	0.86		0.63	0.42	0.88	0.53	0.38	0.79	0.79	TAIFX
OAKBX	0.58	0.63		0.32	0.82	0.38	-0.15	0.25	0.26	OAKBX
FRIFX	0.36	0.42	0.32		0.48	0.59	0.28	0.35	0.34	FRIFX
JEPAX	0.85	0.88	0.82	0.48		0.57	0.15	0.55	0.55	JEPAX
FSKLX	0.36	0.53	0.38	0.59	0.57		0.42	0.45	0.45	FSKLX
CSXCX	0.14	0.38	-0.15	0.28	0.15	0.42		0.79	0.78	CSXCX
AMIGX	0.59	0.79	0.25	0.35	0.55	0.45	0.79		1.0	AMIGX
AMAGX	0.59	0.79	0.26	0.34	0.55	0.45	0.78	1.0		AMAGX
	JMUTX	TAIFX	OAKBX	FRIFX	JEPAX	FSKLX	CSXCX	AMIGX	AMAGX

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

AMAGX	+ 1.0	AMIGX
JEPAX	+ 0.88	TAIFX
TAIFX	+ 0.86	JMUTX
JEPAX	+ 0.85	JMUTX
JEPAX	+ 0.82	OAKBX
AMIGX	+ 0.79	TAIFX

High negative correlations

CSXCX

- 0.15

OAKBX

Risk-Adjusted Indicators

There is a big difference between Dfa Mutual Fund performing well and Dfa Intermediate 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 Intermediate'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
JMUTX	0.11	0.01	(0.29)	6.06	0.00	(0.20)	0.23	(0.12)	0.92
TAIFX	0.28	0.01	(0.07)	0.07	0.31	(0.29)	0.52	(0.57)	1.56
OAKBX	0.40	0.00	(0.03)	0.06	0.45	(0.42)	0.92	(0.65)	2.04
FRIFX	0.19	(0.03)	0.00	(0.14)	0.00	0.00	0.41	(0.40)	1.87
JEPAX	0.41	0.01	(0.03)	0.07	0.39	(0.50)	0.94	(0.71)	2.01
FSKLX	0.48	(0.03)	(0.08)	0.00	0.66	(0.52)	0.94	(0.86)	4.46
CSXCX	0.68	(0.07)	0.00	(0.03)	0.00	0.00	1.28	(1.63)	5.88
AMIGX	0.78	(0.03)	(0.03)	0.03	1.08	(0.77)	1.54	(1.94)	4.89
AMAGX	0.78	(0.03)	(0.02)	0.03	1.08	(0.77)	1.54	(1.93)	4.89

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