Dfa Mn Correlations

DMNBX Fund

USD 9.86 0.00 0.00%

The current 90-days correlation between Dfa Mn Municipal and Fidelity Advisor Diversified is 0.1 (i.e., Average diversification). The correlation of Dfa Mn 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 Mn Correlation With Market

Significant diversification

The correlation between Dfa Mn Municipal and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dfa Mn Municipal 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 Mn Municipal. 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 bureau of labor statistics.

Moving together with Dfa Mutual Fund

0.82	DMREX	Dfa Municipal Real	Pair Corr
0.7	DAABX	Dfa Sustainability	Pair Corr
0.9	DCARX	Dfa California Municipal	Pair Corr
0.64	DEMSX	Emerging Markets Small	Pair Corr

Related Correlations Analysis

	FZABX	PDICX	QDARX	ELDFX	PGBAX	SRDAX	JPDVX
FZABX		0.84	0.82	0.92	0.78	0.71	0.88	FZABX
PDICX	0.84		0.86	0.96	0.97	0.83	0.95	PDICX
QDARX	0.82	0.86		0.86	0.75	0.58	0.84	QDARX
ELDFX	0.92	0.96	0.86		0.94	0.85	0.96	ELDFX
PGBAX	0.78	0.97	0.75	0.94		0.9	0.92	PGBAX
SRDAX	0.71	0.83	0.58	0.85	0.9		0.84	SRDAX
JPDVX	0.88	0.95	0.84	0.96	0.92	0.84		JPDVX
	FZABX	PDICX	QDARX	ELDFX	PGBAX	SRDAX	JPDVX

Risk-Adjusted Indicators

There is a big difference between Dfa Mutual Fund performing well and Dfa Mn 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 Mn'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
FZABX	0.60	0.00	(0.02)	0.08	0.72	(0.63)	1.12	(1.21)	3.92
PDICX	0.13	0.04	(0.32)	(1.11)	0.00	(0.20)	0.40	(0.20)	0.71
QDARX	0.06	0.02	(0.85)	(3.60)	0.00	(0.10)	0.16	(0.08)	0.31
ELDFX	0.30	0.02	(0.04)	0.13	0.31	(0.34)	0.73	(0.53)	2.85
PGBAX	0.12	0.02	(0.42)	(1.72)	0.00	(0.18)	0.25	(0.17)	0.84
SRDAX	0.14	0.03	(0.26)	(0.43)	0.00	(0.18)	0.29	(0.29)	0.85
JPDVX	0.31	0.08	(0.04)	(0.75)	0.26	(0.34)	0.76	(0.48)	2.68

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Dfa Mn Correlations

Dfa Mn Correlation With Market

Significant diversification

Moving together with Dfa Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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