Dreyfus Strategic Correlations
| DAGVX Fund | USD 46.72 0.71 1.54% |
The current 90-days correlation between Dreyfus Strategic Value and Multi Manager High Yield is 0.17 (i.e., Average diversification). The correlation of Dreyfus Strategic 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 Strategic Correlation With Market
Very weak diversification
The correlation between Dreyfus Strategic Value and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus Strategic Value and DJI in the same portfolio, assuming nothing else is changed.
Dreyfus |
Moving together with Dreyfus Mutual Fund
| 0.64 | DIISX | Dreyfus International | PairCorr |
| 0.75 | DISCX | International Stock | PairCorr |
| 0.7 | DLDCX | Dreyfus Natural Resources | PairCorr |
| 0.64 | DMCVX | Dreyfus Opportunistic | PairCorr |
| 0.71 | DNLAX | Dreyfus Natural Resources | PairCorr |
| 0.63 | DPLTX | Dreyfus High Yield | PairCorr |
| 0.72 | DQICX | Dreyfus Equity Income | PairCorr |
| 0.74 | DQIAX | Dreyfus Equity Income | PairCorr |
Related Correlations Analysis
| 0.82 | 0.81 | 0.92 | 0.93 | NMHYX | ||
| 0.82 | 0.99 | 0.7 | 0.77 | GHVIX | ||
| 0.81 | 0.99 | 0.65 | 0.74 | MRHYX | ||
| 0.92 | 0.7 | 0.65 | 0.94 | PHDTX | ||
| 0.93 | 0.77 | 0.74 | 0.94 | PRHYX | ||
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Risk-Adjusted Indicators
There is a big difference between Dreyfus Mutual Fund performing well and Dreyfus Strategic 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 Strategic'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NMHYX | 0.11 | 0.01 | 0.10 | 0.07 | 0.11 | 0.24 | 1.06 | |||
| GHVIX | 0.15 | 0.02 | 0.21 | 0.26 | 0.00 | 0.30 | 0.90 | |||
| MRHYX | 0.12 | 0.02 | 0.21 | 0.30 | 0.00 | 0.24 | 0.59 | |||
| PHDTX | 0.11 | 0.02 | 0.19 | 0.42 | 0.00 | 0.23 | 0.79 | |||
| PRHYX | 0.13 | 0.01 | 0.12 | 0.12 | 0.04 | 0.34 | 1.18 |