Dreyfusthe Boston Correlations

DBMYX Fund

USD 29.59 0.40 1.33%

The current 90-days correlation between Dreyfusthe Boston Pany and Dreyfus High Yield is 0.02 (i.e., Significant diversification). The correlation of Dreyfusthe Boston 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.

Dreyfusthe Boston Correlation With Market

Average diversification

The correlation between Dreyfusthe Boston Pany and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfusthe Boston Pany 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 Dreyfusthe Boston Pany. 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 manufacturing.

Moving together with Dreyfusthe Mutual Fund

0.97	SSETX	Dreyfusthe Boston Pany	Pair Corr
0.99	SSYGX	Dreyfusthe Boston Pany	Pair Corr
1.0	SDSCX	Dreyfusthe Boston Pany	Pair Corr

Moving against Dreyfusthe Mutual Fund

0.68	DISRX	International Stock	Pair Corr
0.68	DISYX	International Stock	Pair Corr
0.67	DIEYX	Dreyfus International	Pair Corr
0.67	DIERX	Dreyfus International	Pair Corr
0.64	DINIX	Dreyfus International	Pair Corr
0.61	DIBRX	Dreyfus International	Pair Corr
0.58	DIBYX	Dreyfus International	Pair Corr
0.34	DQEIX	Dreyfus Global Equity	Pair Corr
0.5	DRLIX	Dreyfus Global Real	Pair Corr
0.5	DRLYX	Dreyfus Global Real	Pair Corr

Related Correlations Analysis

	DHYYX	SSETX	DIBRX	DIBYX	DIEYX	DIERX	DIMIX	DINIX	DISRX	DISYX
DHYYX		0.04	0.6	0.58	0.48	0.48	0.91	0.51	0.48	0.48	DHYYX
SSETX	0.04		-0.59	-0.58	-0.68	-0.68	0.1	-0.65	-0.68	-0.68	SSETX
DIBRX	0.6	-0.59		0.97	0.93	0.93	0.58	0.93	0.91	0.91	DIBRX
DIBYX	0.58	-0.58	0.97		0.95	0.95	0.6	0.94	0.93	0.93	DIBYX
DIEYX	0.48	-0.68	0.93	0.95		1.0	0.45	0.98	0.96	0.96	DIEYX
DIERX	0.48	-0.68	0.93	0.95	1.0		0.45	0.98	0.96	0.96	DIERX
DIMIX	0.91	0.1	0.58	0.6	0.45	0.45		0.49	0.46	0.46	DIMIX
DINIX	0.51	-0.65	0.93	0.94	0.98	0.98	0.49		0.95	0.95	DINIX
DISRX	0.48	-0.68	0.91	0.93	0.96	0.96	0.46	0.95		1.0	DISRX
DISYX	0.48	-0.68	0.91	0.93	0.96	0.96	0.46	0.95	1.0		DISYX
	DHYYX	SSETX	DIBRX	DIBYX	DIEYX	DIERX	DIMIX	DINIX	DISRX	DISYX

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Correlation Matchups

Over a given time period, the two securities move together 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

DIERX	+ 1.0	DIEYX
DISYX	+ 1.0	DISRX
DINIX	+ 0.98	DIEYX
DINIX	+ 0.98	DIERX
DIBYX	+ 0.97	DIBRX
DISRX	+ 0.96	DIEYX

High negative correlations

DISYX	- 0.68	SSETX
DISRX	- 0.68	SSETX
DIERX	- 0.68	SSETX
DIEYX	- 0.68	SSETX
DINIX	- 0.65	SSETX
DIBRX	- 0.59	SSETX

Risk-Adjusted Indicators

There is a big difference between Dreyfusthe Mutual Fund performing well and Dreyfusthe Boston 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 Dreyfusthe Boston'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
DHYYX	0.25	0.00	0.00	0.00	0.00	0.00	0.45	(0.63)	2.18
SSETX	0.93	0.12	0.06	0.69	1.20	(0.92)	1.92	(1.63)	8.86
DIBRX	0.35	(0.14)	0.00	3.77	0.00	0.00	0.60	(0.84)	4.00
DIBYX	0.34	(0.15)	0.00	(2.10)	0.00	0.00	0.57	(0.90)	3.98
DIEYX	0.68	(0.20)	0.00	(2.85)	0.00	0.00	1.06	(1.62)	3.88
DIERX	0.68	(0.20)	0.00	(2.88)	0.00	0.00	1.03	(1.62)	3.91
DIMIX	0.06	(0.02)	0.00	(1.27)	0.00	0.00	0.08	(0.16)	0.55
DINIX	0.62	(0.13)	0.00	(1.57)	0.00	0.00	1.10	(1.70)	4.31
DISRX	0.69	(0.20)	0.00	(1.67)	0.00	0.00	1.06	(1.92)	6.60
DISYX	0.70	(0.20)	0.00	(1.66)	0.00	0.00	1.04	(1.90)	6.69

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