Dimensional 2055 Correlations

DRIKX Fund  USD 21.55  0.12  0.56%   
The current 90-days correlation between Dimensional 2055 Target and Columbia Convertible Securities is 0.76 (i.e., Poor diversification). The correlation of Dimensional 2055 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.

Dimensional 2055 Correlation With Market

Almost no diversification

The correlation between Dimensional 2055 Target and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dimensional 2055 Target 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 Dimensional 2055 Target. 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 board of governors.

Moving together with Dimensional Mutual Fund

  0.82DIHRX Intal High RelativePairCorr
  0.75DILRX Dfa InternationalPairCorr
  0.83DIPSX Dfa Inflation ProtectedPairCorr
  0.96DISVX Dfa International SmallPairCorr
  0.96DISMX Dfa InternationalPairCorr
  0.95DMNBX Dfa Mn MunicipalPairCorr
  0.91DMREX Dfa Municipal RealPairCorr
  0.84DOGMX Dfa Oregon MunicipalPairCorr
  1.0DREIX World Core EquityPairCorr
  1.0DRIIX Dimensional 2045 TargetPairCorr
  0.99DRIHX Dimensional 2040 TargetPairCorr
  0.98DRIGX Dimensional 2035 TargetPairCorr
  0.97DRIWX Dimensional 2030 TargetPairCorr
  0.95DRIUX Dimensional 2025 TargetPairCorr
  0.96DRIRX Dimensional 2020 TargetPairCorr
  0.96DRIQX Dimensional 2015 TargetPairCorr
  1.0DRILX Dimensional 2060 TargetPairCorr
  1.0DRIJX Dimensional 2050 TargetPairCorr
  0.91DAABX Dfa SustainabilityPairCorr
  0.96DSCLX Dfa International SocialPairCorr
  0.94DSCGX Dfa SmallPairCorr
  0.83DSFIX Dfa Social FixedPairCorr
  1.0DSHGX Dfa Selectively HedgedPairCorr
  0.84DSSMX Dfa Selective StatePairCorr
  0.95DTCPX Dfa Targeted CreditPairCorr
  1.0DTDRX Dimensional 2065 TargetPairCorr
  0.9DCARX Dfa California MunicipalPairCorr
  0.83DCIBX Dfa Ca IntPairCorr
  0.99DURPX Us High RelativePairCorr
  1.0DUSQX Us Lg CapPairCorr
  0.99DUSLX Dfa LargePairCorr
  0.98DEMSX Emerging Markets SmallPairCorr
  0.98DEMGX Emerging Markets TargetedPairCorr
  0.98DESIX Emerging Markets SusPairCorr
  0.83DFAPX Dfa Investment GradePairCorr
  0.93DFALX Large Cap InternationalPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Dimensional Mutual Fund performing well and Dimensional 2055 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 Dimensional 2055'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.