DFA Global Correlations
| DFGEX Fund | USD 9.04 0.15 1.63% |
The correlation of DFA Global is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as DFA Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DFA Global Real moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DFA Global Real. Also, note that the market value of any Mutual Fund could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. DFA |
The ability to find closely correlated positions to DFA Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DFA Global when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back DFA Global - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling DFA Global Real to buy it.
Moving together with DFA Mutual Fund
| + | 0.96 | DFITX | DFA International Real | PairCorr | ||
| + | 0.79 | VGRNX | VANGUARD GLOBAL EX-US | PairCorr | ||
| + | 0.79 | VGRLX | VANGUARD GLOBAL EX-US | PairCorr | ||
| + | 0.93 | POSAX | GLOBAL REAL ESTATE | PairCorr | ||
| + | 0.92 | PGRVX | GLOBAL REAL ESTATE | PairCorr | ||
| + | 0.93 | MGLRX | MFS GLOBAL REAL | PairCorr | ||
| + | 0.94 | MGLJX | MFS GLOBAL REAL | PairCorr | ||
| + | 0.94 | MGLCX | MFS GLOBAL REAL | PairCorr | ||
| + | 0.62 | BEMCX | BRANDES EMERGING MARKETS | PairCorr |
Moving against DFA Mutual Fund
| - | 0.49 | CVX | Chevron Corp | Fiscal Quarter End 30th of September 2023 | PairCorr | |
| - | 0.43 | IBM | International Business | Fiscal Quarter End 30th of September 2023 | PairCorr |
Related Correlations Analysis
FPTPX | RELAX | HIIDX | VSCGX | AOK | SSTDX | ||
FPTPX | 0.91 | 0.89 | 0.96 | 0.95 | 0.85 | FPTPX | |
RELAX | 0.91 | 0.79 | 0.91 | 0.88 | 0.79 | RELAX | |
HIIDX | 0.89 | 0.79 | 0.9 | 0.89 | 0.92 | HIIDX | |
VSCGX | 0.96 | 0.91 | 0.9 | 0.99 | 0.84 | VSCGX | |
AOK | 0.95 | 0.88 | 0.89 | 0.99 | 0.8 | AOK | |
SSTDX | 0.85 | 0.79 | 0.92 | 0.84 | 0.8 | SSTDX | |
FPTPX | RELAX | HIIDX | VSCGX | AOK | SSTDX |
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Risk-Adjusted Indicators
There is a big difference between DFA Mutual Fund performing well and DFA Global 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 Global'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 | Information Ratio | Expected Shortfall | Potential Upside | Value At@Risk | Maximum Drawdown | |
|---|---|---|---|---|---|---|---|---|---|---|
| FPTPX | 0.29 | (0.02) | 0.00 | (0.05) | 0.00 | (0.0359) | 0.00 | 0.65 | (0.66) | 1.79 |
| RELAX | 0.44 | (0.03) | 0.00 | (0.05) | 0.00 | (0.04) | 0.00 | 0.90 | (1.00) | 2.35 |
| HIIDX | 0.59 | (0.06) | 0.00 | (0.26) | 0.00 | (0.06) | 0.00 | 1.21 | (1.54) | 3.55 |
| VSCGX | 0.32 | (0.04) | 0.00 | (0.09) | 0.00 | (0.06) | 0.00 | 0.84 | (0.65) | 1.81 |
| AOK | 0.31 | (0.04) | 0.00 | (0.10) | 0.00 | (0.08) | 0.00 | 0.68 | (0.62) | 2.08 |
| SSTDX | 0.15 | (0.01) | 0.00 | (0.32) | 0.00 | 0.0109 | 0.00 | 0.40 | (0.30) | 1.20 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in DFA Global without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Already Invested in DFA Global Real?
The danger of trading DFA Global Real is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of DFA Global is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than DFA Global. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile DFA Global Real is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DFA Global Real. Also, note that the market value of any Mutual Fund could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the DFA Global Real information on this page should be used as a complementary analysis to other DFA Global's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Complementary Tools for DFA Mutual Fund analysis
When running DFA Global's price analysis, check to measure DFA Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy DFA Global is operating at the current time. Most of DFA Global's value examination focuses on studying past and present price action to predict the probability of DFA Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DFA Global's price. Additionally, you may evaluate how the addition of DFA Global to your portfolios can decrease your overall portfolio volatility.
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