DFA US Correlations

DAABX
 Fund
  

USD 17.05  0.03  0.18%   

The correlation of DFA US 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 US moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DFA US Sustainability 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.
Continue to Investing Opportunities.
  
The ability to find closely correlated positions to DFA US 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 US 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 US - 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 US Sustainability to buy it.

Moving together with DFA US

+0.98VISVXVANGUARD SMALL-CAP VALUEPairCorr
+0.91VSIIXVANGUARD SMALL-CAP VALUEPairCorr
+0.99DFSVXUS SMALL CAPPairCorr
+1.0DFTPXDFA US TargetPairCorr
+0.94DFFVXUS TARGETED VALUEPairCorr
+1.0DFTVXDFA Inv DimensionsPairCorr
+0.98UBVAXUNDISCOVERED MANAGERSPairCorr
+1.0VSOIXVICTORY SYCAMORE SMALLPairCorr
+0.99DEVIXDELAWARE SMALL CAPPairCorr
+0.91UBVCXUNDISCOVERED MANAGERSPairCorr
+0.74VSTSXVANGUARD TOTAL STOCKPairCorr
+0.85VTSAXVANGUARD TOTAL STOCKPairCorr
+0.74VSMPXVANGUARD TOTAL STOCKPairCorr
+0.85VTSMXVANGUARD TOTAL STOCKPairCorr
+0.74VITSXVANGUARD TOTAL STOCKPairCorr
+0.85VFINXVANGUARD 500 INDEX Low VolatilityPairCorr
+0.75VFFSXVANGUARD 500 INDEX Low VolatilityPairCorr
+0.86VFIAXVANGUARD 500 INDEX Low VolatilityPairCorr
+0.78VTSNXVANGUARD TOTAL INTERPairCorr
+0.78VTISXVANGUARD TOTAL INTERPairCorr

Related Correlations

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
SVINEVER
VSGAXXTWO
GALCVX
VSGAXKNG
KNGCVX
SOMLFXTWO
  
High negative correlations   
EVERCVX
SVINCVX
GALEVER
GALSVIN
IDCVX
KNGID

DFA US Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between DAABX Mutual Fund performing well and DFA US Mutual Fund doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze DFA US's multiple risk-adjusted performance indicators. 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
CVX 1.51  0.23  0.06 (2.06)  1.90  0.06 (1.56)  3.37 (2.91)  9.61 
EVER 4.01 (1.17)  0.00 (6.00)  0.00 (0.21)  0.00  8.73 (9.97)  38.93 
ID 2.01 (0.48)  0.00  3.48  0.00 (0.21)  0.00  3.44 (4.89)  15.85 
SVIN 1.25 (0.22)  0.00 (1.31)  0.00 (0.12)  0.00  2.11 (4.72)  17.83 
XTWO 0.13 (0.02)  0.00 (0.22)  0.00 (0.62)  0.00  0.34 (0.26)  0.75 
GAL 2.51 (0.18)  0.00  0.45  0.00 (0.05)  0.00  4.58 (5.71)  45.44 
KNG 1.17  0.02  0.01  0.12  1.31  0.0106 (1.23)  2.34 (1.93)  8.37 
SOMLF 0.63 (0.05)  0.00  1.16  0.00 (0.09)  0.00  2.73 (1.54)  8.90 
VSGAX 1.57 (0.10) (0.04)  0.02  1.92 (0.0348) (1.60)  3.46 (3.09)  9.78 
AMPL 4.25  0.60  0.07 (14.21)  5.93  0.07 (5.62)  7.55 (7.83)  44.60 

Be your own money manager

Our tools can tell you how much better you can do entering a position in DFA US 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?

Run Volatility Analysis Now

   

Volatility Analysis

Get historical volatility and risk analysis based on latest market data
All  Next Launch Module

Invested in DFA US Sustainability?

The danger of trading DFA US Sustainability 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 US 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 US. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile DFA US Sustainability 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.
Continue to Investing Opportunities. Note that the DFA US Sustainability information on this page should be used as a complementary analysis to other DFA US'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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

Complementary Tools for DAABX Mutual Fund analysis

When running DFA US Sustainability price analysis, check to measure DFA US'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 US is operating at the current time. Most of DFA US's value examination focuses on studying past and present price action to predict the probability of DFA US's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move DFA US's price. Additionally, you may evaluate how the addition of DFA US to your portfolios can decrease your overall portfolio volatility.
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Go
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Go
Equity Valuation
Check real value of public entities based on technical and fundamental data
Go
Transaction History
View history of all your transactions and understand their impact on performance
Go
Commodity Channel Index
Use Commodity Channel Index to analyze current equity momentum
Go
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Go
Probability Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Go
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Go
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Go
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Go
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Go
Stock Screener
Find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Go
Please note, there is a significant difference between DFA US's value and its price as these two are different measures arrived at by different means. Investors typically determine DFA US value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DFA US's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.