Global Allocation Correlations

Mutual Funds USA . 
Fund . Global Allocation 6040
DGSIX Fund  USD 22.63  0.03  0.13%   
The current 90-days correlation between Global Allocation 6040 and T Rowe Price is -0.17 (i.e., Good diversification). The correlation of Global Allocation 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.

Global Allocation Correlation With Market

Almost no diversification

The correlation between Global Allocation 6040 and DJI is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Allocation 6040 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 Global Allocation 6040. 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 inflation.

Moving together with Global Mutual Fund

  0.66DILRX Dfa InternationalPairCorr
  0.72DIPSX Dfa Inflation ProtectedPairCorr
  0.96DISVX Dfa International SmallPairCorr
  0.95DISMX Dfa InternationalPairCorr
  0.96DMNBX Dfa Mn MunicipalPairCorr
  0.94DMREX Dfa Municipal RealPairCorr
  0.74DNYMX Dfa Ny MunicipalPairCorr
  0.89DOGMX Dfa Oregon MunicipalPairCorr
  1.0DREIX World Core EquityPairCorr
  1.0DRIIX Dimensional 2045 TargetPairCorr
  1.0DRIHX Dimensional 2040 TargetPairCorr
  0.99DRIGX Dimensional 2035 TargetPairCorr
  0.98DRIWX Dimensional 2030 TargetPairCorr
  0.97DRIUX Dimensional 2025 TargetPairCorr
  0.98DRIRX Dimensional 2020 TargetPairCorr
  0.98DRIQX Dimensional 2015 TargetPairCorr
  1.0DRILX Dimensional 2060 TargetPairCorr
  1.0DRIKX Dimensional 2055 TargetPairCorr
  1.0DRIJX Dimensional 2050 TargetPairCorr
  0.96DAADX Dfa Emerging MarketsPairCorr
  0.91DAABX Dfa SustainabilityPairCorr
  0.64DRXIX Dfa Ltip PortfolioPairCorr
  0.95DSCLX Dfa International SocialPairCorr
  0.93DSCGX Dfa SmallPairCorr
  0.89DSFIX Dfa Social FixedPairCorr
  1.0DSHGX Dfa Selectively HedgedPairCorr
  0.89DSSMX Dfa Selective StatePairCorr
  0.96DTCPX Dfa Targeted CreditPairCorr
  1.0DTDRX Dimensional 2065 TargetPairCorr
  0.94DCARX Dfa California MunicipalPairCorr
  0.88DCIBX Dfa Ca IntPairCorr
  0.99DURPX Us High RelativePairCorr
  1.0DUSQX Us Lg CapPairCorr
  0.99DUSLX Dfa LargePairCorr
  0.97DEMSX Emerging Markets SmallPairCorr
  0.98DEMGX Emerging Markets TargetedPairCorr
  0.66DWFIX Dfa World ExPairCorr
  0.98DESIX Emerging Markets SusPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Global Mutual Fund performing well and Global Allocation 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 Global Allocation'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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