Dfa Selective Correlations
| DSSMX Fund | USD 9.38 0.01 0.11% |
The current 90-days correlation between Dfa Selective State and Fidelity American High is 0.12 (i.e., Average diversification). The correlation of Dfa Selective 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 Selective Correlation With Market
Average diversification
The correlation between Dfa Selective State and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dfa Selective State and DJI in the same portfolio, assuming nothing else is changed.
Dfa |
Moving together with Dfa Mutual Fund
| 0.63 | SMPIX | Semiconductor Ultrasector Steady Growth | PairCorr |
| 0.63 | SMPSX | Semiconductor Ultrasector Steady Growth | PairCorr |
| 0.66 | CVX | Chevron Corp | PairCorr |
| 0.62 | CSCO | Cisco Systems | PairCorr |
Moving against Dfa Mutual Fund
| 0.66 | MCD | McDonalds | PairCorr |
| 0.57 | PG | Procter Gamble | PairCorr |
| 0.36 | VZ | Verizon Communications Earnings Call This Week | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Dfa Mutual Fund performing well and Dfa Selective 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 Selective'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 0P0000A2WI | 0.18 | 0.07 | (0.47) | (2.34) | 0.00 | 0.59 | 1.22 | |||
| PBHAX | 0.17 | 0.05 | (0.66) | 1.12 | 0.00 | 0.43 | 1.09 | |||
| AGDAX | 0.16 | 0.06 | (0.60) | 1.22 | 0.00 | 0.58 | 1.05 | |||
| MWHIX | 0.13 | 0.04 | (0.96) | 0.79 | 0.00 | 0.33 | 0.99 | |||
| ARTFX | 0.14 | 0.06 | (0.99) | 0.97 | 0.00 | 0.55 | 0.91 | |||
| AGDZX | 0.16 | 0.07 | (0.57) | 1.28 | 0.00 | 0.60 | 1.05 | |||
| GHVIX | 0.22 | 0.04 | (0.44) | 0.46 | 0.00 | 0.64 | 2.72 | |||
| ABRUX | 0.59 | 0.13 | 0.04 | 0.47 | 0.22 | 1.29 | 7.61 |