Dfa Municipal Correlations

Mutual Funds . USA . 
Fund . Dfa Municipal Real
DMREX Fund  USD 10.86  0.01  0.09%   
The current 90-days correlation between Dfa Municipal Real and Aambahl Gaynor Income is -0.06 (i.e., Good diversification). The correlation of Dfa Municipal 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 Municipal Correlation With Market

Good diversification

The correlation between Dfa Municipal Real and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dfa Municipal 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 Municipal 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 commodities.

Moving together with Dfa Mutual Fund

  0.71DIHRX Intal High RelativePairCorr
  0.69DILRX Dfa InternationalPairCorr
  0.96DIPSX Dfa Inflation ProtectedPairCorr
  0.91DISVX Dfa International SmallPairCorr
  0.79DISMX Dfa InternationalPairCorr
  0.95DMNBX Dfa Mn MunicipalPairCorr
  0.96DNYMX Dfa Ny MunicipalPairCorr
  0.9DOGMX Dfa Oregon MunicipalPairCorr
  0.87DREIX World Core EquityPairCorr
  0.87DRIIX Dimensional 2045 TargetPairCorr
  0.87DRIHX Dimensional 2040 TargetPairCorr
  0.88DRIGX Dimensional 2035 TargetPairCorr
  0.81DRIWX Dimensional 2030 TargetPairCorr
  0.91DRIUX Dimensional 2025 TargetPairCorr
  0.93DRIRX Dimensional 2020 TargetPairCorr
  0.94DRIQX Dimensional 2015 TargetPairCorr
  0.84DRILX Dimensional 2060 TargetPairCorr
  0.86DRIKX Dimensional 2055 TargetPairCorr
  0.84DRIJX Dimensional 2050 TargetPairCorr
  0.82DAABX Dfa SustainabilityPairCorr
  0.76DRXIX Dfa Ltip PortfolioPairCorr
  0.79DSCLX Dfa International SocialPairCorr
  0.85DSCGX Dfa SmallPairCorr
  0.85DSFIX Dfa Social FixedPairCorr
  0.88DSHGX Dfa Selectively HedgedPairCorr
  0.83DSSMX Dfa Selective StatePairCorr
  0.8DTCPX Dfa Targeted CreditPairCorr
  0.83DCARX Dfa California MunicipalPairCorr
  0.83DCIBX Dfa Ca IntPairCorr
  0.77DUSQX Us Lg CapPairCorr
  0.81DUSLX Dfa LargePairCorr
  0.86DEMSX Emerging Markets SmallPairCorr
  0.73DEMGX Emerging Markets TargetedPairCorr
  0.74DWFIX Dfa World ExPairCorr
  0.85DESIX Emerging Markets SusPairCorr
  0.93DFAPX Dfa Investment GradePairCorr
  0.84DFALX Large Cap InternationalPairCorr
  0.98DFABX Dfa Investment DimensionsPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Dfa Mutual Fund performing well and Dfa Municipal 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 Municipal'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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