Dreyfus Strategic Correlations

DAGVX Fund

USD 45.78 0.57 1.26%

The current 90-days correlation between Dreyfus Strategic Value and Alpine High Yield is -0.17 (i.e., Good 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

Poor diversification

The correlation between Dreyfus Strategic Value and DJI is 0.77 (i.e., Poor 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.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dreyfus Strategic Value. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Dreyfus Mutual Fund

0.83	DISCX	International Stock	Pair Corr
0.83	DISAX	International Stock	Pair Corr
0.72	PGRCX	Dreyfus Worldwide Growth	Pair Corr
0.66	THPBX	Dreyfus Balanced Opp	Pair Corr
0.66	DMCVX	Dreyfus Opportunistic	Pair Corr
0.63	DQICX	Dreyfus Equity Income	Pair Corr
0.65	DQIAX	Dreyfus Equity Income	Pair Corr
0.66	DRLAX	Dreyfus Global Real	Pair Corr

Related Correlations Analysis

	AHYMX	OHSHX	ARTFX	ACHFX	SGYAX	MWHYX	CYBAX
AHYMX		0.83	0.88	0.91	0.82	0.94	0.86	AHYMX
OHSHX	0.83		0.96	0.96	0.94	0.92	0.94	OHSHX
ARTFX	0.88	0.96		0.99	0.94	0.97	0.95	ARTFX
ACHFX	0.91	0.96	0.99		0.93	0.98	0.95	ACHFX
SGYAX	0.82	0.94	0.94	0.93		0.92	0.98	SGYAX
MWHYX	0.94	0.92	0.97	0.98	0.92		0.94	MWHYX
CYBAX	0.86	0.94	0.95	0.95	0.98	0.94		CYBAX
	AHYMX	OHSHX	ARTFX	ACHFX	SGYAX	MWHYX	CYBAX

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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
AHYMX	0.12	0.00	0.15	0.13	0.13	(0.18)	0.22	(0.33)	0.76
OHSHX	0.13	0.00	0.14	(0.09)	0.13	(0.17)	0.23	(0.23)	1.02
ARTFX	0.13	0.00	0.19	(0.07)	0.09	(0.20)	0.44	(0.22)	0.89
ACHFX	0.17	0.00	0.16	(0.06)	0.16	(0.22)	0.47	(0.23)	1.28
SGYAX	0.16	0.02	0.19	0.14	0.07	(0.26)	0.56	(0.28)	1.57
MWHYX	0.12	0.00	0.21	0.04	0.08	(0.18)	0.43	(0.22)	0.76
CYBAX	0.13	0.01	0.22	0.02	0.11	(0.15)	0.44	(0.24)	0.90

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Dreyfus Strategic Correlations

Dreyfus Strategic Correlation With Market

Poor diversification

Moving together with Dreyfus Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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