Dfa Mn Correlations

Mutual Funds . USA . 
Fund . Dfa Mn Municipal
DMNBX Fund  USD 9.89  0.01  0.10%   
The current 90-days correlation between Dfa Mn Municipal and Wmcanx is 0.14 (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 0.03 (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

  0.9DILRX Dfa InternationalPairCorr
  0.85DISVX Dfa International SmallPairCorr
  0.96DISMX Dfa InternationalPairCorr
  1.0DNYMX Dfa Ny MunicipalPairCorr
  0.94DOGMX Dfa Oregon MunicipalPairCorr
  0.96DRIIX Dimensional 2045 TargetPairCorr
  0.96DRIHX Dimensional 2040 TargetPairCorr
  0.95DRIGX Dimensional 2035 TargetPairCorr
  0.93DRIUX Dimensional 2025 TargetPairCorr
  0.95DRIRX Dimensional 2020 TargetPairCorr
  0.96DRIQX Dimensional 2015 TargetPairCorr
  0.96DRILX Dimensional 2060 TargetPairCorr
  0.96DRIKX Dimensional 2055 TargetPairCorr
  0.96DRIJX Dimensional 2050 TargetPairCorr
  0.97DAADX Dfa Emerging MarketsPairCorr
  0.9DAABX Dfa SustainabilityPairCorr
  0.82DSCLX Dfa International SocialPairCorr
  0.74DSCGX Dfa SmallPairCorr
  0.95DSHGX Dfa Selectively HedgedPairCorr
  0.83DSSMX Dfa Selective StatePairCorr
  0.9DTCPX Dfa Targeted CreditPairCorr
  0.83DTDRX Dimensional 2065 TargetPairCorr
  0.85DCARX Dfa California MunicipalPairCorr
  0.82DURPX Us High RelativePairCorr
  0.83DUSQX Us Lg CapPairCorr
  0.94DUSLX Dfa LargePairCorr
  0.97DEMSX Emerging Markets SmallPairCorr
  0.84DESIX Emerging Markets SusPairCorr
  0.68DFAPX Dfa Investment GradePairCorr

Related Correlations Analysis

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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.

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