Dreyfus Global Correlations

DGEAX Fund

USD 20.09 0.16 0.79%

The current 90-days correlation between Dreyfus Global Emerging and Guidemark E Fixed is 0.15 (i.e., Average diversification). The correlation of Dreyfus Global 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 Global Correlation With Market

Modest diversification

The correlation between Dreyfus Global Emerging and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus Global Emerging 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 Global Emerging. 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 nation.

Moving together with DREYFUS Mutual Fund

0.61	DIBCX	Dreyfus International	Pair Corr
0.61	DISCX	International Stock	Pair Corr
0.61	PGROX	Dreyfus Worldwide Growth	Pair Corr
0.66	THPBX	Dreyfus Balanced Opp	Pair Corr
0.63	DNLDX	Dreyfus Active Midcap	Pair Corr
0.62	DNLCX	Dreyfus Active Midcap	Pair Corr
0.73	AVGCX	Dynamic Total Return	Pair Corr
0.69	AVGAX	Dynamic Total Return	Pair Corr

Related Correlations Analysis

	GMCOX	PIEQX	FITSX	BXDCX	GLVIX	WRLDX	OPTCX	FZNQEX
GMCOX		0.7	0.99	0.45	0.36	0.82	0.34	0.9	GMCOX
PIEQX	0.7		0.67	0.82	0.83	0.69	0.63	0.4	PIEQX
FITSX	0.99	0.67		0.46	0.32	0.81	0.35	0.91	FITSX
BXDCX	0.45	0.82	0.46		0.74	0.25	0.66	0.13	BXDCX
GLVIX	0.36	0.83	0.32	0.74		0.38	0.66	0.09	GLVIX
WRLDX	0.82	0.69	0.81	0.25	0.38		0.25	0.72	WRLDX
OPTCX	0.34	0.63	0.35	0.66	0.66	0.25		0.17	OPTCX
FZNQEX	0.9	0.4	0.91	0.13	0.09	0.72	0.17		FZNQEX
	GMCOX	PIEQX	FITSX	BXDCX	GLVIX	WRLDX	OPTCX	FZNQEX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between DREYFUS Mutual Fund performing well and Dreyfus Global 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 Global'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
GMCOX	0.23	0.03	0.17	0.36	0.15	(0.29)	0.61	(0.49)	1.24
PIEQX	0.57	0.11	0.15	0.20	0.68	(0.64)	1.16	(1.09)	3.81
FITSX	0.27	0.03	0.15	0.30	0.24	(0.32)	0.57	(0.46)	1.60
BXDCX	0.08	0.02	0.31	2.21	0.00	(0.15)	0.22	(0.11)	0.65
GLVIX	0.79	0.09	0.10	0.14	0.92	(0.83)	1.39	(1.30)	5.20
WRLDX	0.53	0.01	0.02	0.00	0.82	(0.51)	0.94	(1.14)	3.30
OPTCX	0.08	0.00	0.07	(1.07)	0.10	(0.16)	0.21	(0.31)	0.93
FZNQEX	0.08	0.00	0.20	(0.11)	0.04	(0.09)	0.19	(0.15)	0.66

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Dreyfus Global Correlations

Dreyfus Global Correlation With Market

Modest diversification

Moving together with DREYFUS Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY