Dreyfus Yield Correlations
| DABKX Fund | USD 11.23 0.01 0.09% |
The current 90-days correlation between Dreyfus Yield Enhancement and Nuveen Real Estate is 0.26 (i.e., Modest diversification). The correlation of Dreyfus Yield 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.
Dreyfus Yield Correlation With Market
Average diversification
The correlation between Dreyfus Yield Enhancement and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus Yield Enhancement and DJI in the same portfolio, assuming nothing else is changed.
Dreyfus |
Moving together with Dreyfus Mutual Fund
| 0.72 | DHYYX | Dreyfus High Yield | PairCorr |
| 0.82 | DIMIX | Dreyfus Short Interm | PairCorr |
| 0.67 | STSVX | Dreyfusthe Boston Pany | PairCorr |
| 0.86 | DLHRX | Dreyfus High Yield | PairCorr |
| 0.82 | DMBIX | Dreyfus Amt Free | PairCorr |
| 0.87 | DMBYX | Dreyfus Municipal Bond | PairCorr |
| 0.87 | DMBVX | Dreyfus Municipal Bond | PairCorr |
| 0.68 | DMIDX | Dreyfus Midcap Index | PairCorr |
| 0.87 | DMUYX | Dreyfus Amt Free | PairCorr |
| 0.76 | DMYBX | Dreyfus Short Interm | PairCorr |
| 0.88 | DNJYX | Dreyfus New Jersey | PairCorr |
| 0.79 | DNLRX | Dreyfus Active Midcap | PairCorr |
| 0.88 | DNMIX | Dreyfus New Jersey | PairCorr |
| 0.77 | DOPIX | Dreyfus Opportunistic | PairCorr |
| 0.76 | DRRYX | Dreyfus Global Real | PairCorr |
| 0.77 | DRRIX | Dreyfus Global Real | PairCorr |
| 0.99 | DABMX | Dreyfus Yield Enhancement | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Dreyfus Mutual Fund performing well and Dreyfus Yield 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 Dreyfus Yield'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FREAX | 0.74 | (0.08) | 0.00 | (0.80) | 0.00 | 1.17 | 5.18 | |||
| AREDX | 0.78 | (0.08) | 0.00 | (1.32) | 0.00 | 1.23 | 5.45 | |||
| ICRPX | 0.77 | (0.09) | 0.00 | (0.82) | 0.00 | 1.25 | 5.17 | |||
| VREQX | 0.78 | (0.12) | 0.00 | (0.97) | 0.00 | 1.28 | 5.33 | |||
| NBRFX | 0.81 | (0.09) | 0.00 | (0.88) | 0.00 | 1.30 | 5.48 | |||
| GMJPX | 0.86 | (0.12) | 0.00 | (1.46) | 0.00 | 1.45 | 6.48 | |||
| PJEAX | 0.76 | (0.06) | 0.00 | (0.99) | 0.00 | 1.26 | 5.58 |