Dreyfus Global Correlations

DGEAX Fund

USD 20.56 0.07 0.34%

The current 90-days correlation between Dreyfus Global Emerging and Dreyfusstandish Global Fixed is 0.09 (i.e., Significant 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

Very weak diversification

The correlation between Dreyfus Global Emerging and DJI is 0.41 (i.e., Very weak 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

0.68	DISSX	Dreyfus Smallcap Stock	Pair Corr
0.68	DISIX	Dreyfus Smallcap Stock	Pair Corr
0.67	PGRCX	Dreyfus Worldwide Growth	Pair Corr
0.74	THPBX	Dreyfus Balanced Opp	Pair Corr
0.69	DMCVX	Dreyfus Opportunistic	Pair Corr
0.78	DNLDX	Dreyfus Active Midcap	Pair Corr
0.73	RUDAX	Dreyfusthe Boston Pany	Pair Corr
0.75	AVGCX	Dynamic Total Return	Pair Corr
0.74	AVGAX	Dynamic Total Return	Pair Corr
0.73	DQICX	Dreyfus Equity Income	Pair Corr
0.72	DQIAX	Dreyfus Equity Income	Pair Corr
0.76	DREVX	Dreyfus Fund	Pair Corr
0.74	DREQX	Dreyfus Research Growth	Pair Corr

Moving against Dreyfus Mutual Fund

0.5	BYSYX	Bny Mellon Short	Pair Corr
0.49	BYSIX	Bny Mellon Short	Pair Corr
0.42	DMBAX	Dreyfus Short Interm	Pair Corr
0.33	DIECX	Dreyfus International	Pair Corr
0.33	DIEAX	Dreyfus International	Pair Corr
0.47	DSTIX	Dreyfus Short Term	Pair Corr
0.45	DBIRX	Dreyfus Bond Market	Pair Corr
0.45	GPGAX	Dreyfus Gnma	Pair Corr
0.44	DRGMX	Dreyfus Gnma	Pair Corr
0.44	DBMIX	Dreyfus Bond Market	Pair Corr
0.43	GPNCX	Dreyfus Gnma	Pair Corr
0.4	DSIBX	Dreyfus Short Interm	Pair Corr
0.4	DCPIX	Bny Mellon Insight	Pair Corr
0.35	NIEAX	Dreyfus/newton International	Pair Corr

Related Correlations Analysis

	DHGCX	DHGAX	DHMBX	DHYCX	DHYAX	DZNJX	DIBCX	DIBAX	DIECX	DIEAX
DHGCX		0.93	0.87	0.85	0.87	0.83	0.8	0.8	0.68	0.68	DHGCX
DHGAX	0.93		0.85	0.82	0.85	0.82	0.85	0.85	0.74	0.74	DHGAX
DHMBX	0.87	0.85		0.99	1.0	0.99	0.64	0.64	0.49	0.49	DHMBX
DHYCX	0.85	0.82	0.99		0.99	0.99	0.61	0.6	0.42	0.42	DHYCX
DHYAX	0.87	0.85	1.0	0.99		0.99	0.64	0.64	0.48	0.48	DHYAX
DZNJX	0.83	0.82	0.99	0.99	0.99		0.58	0.57	0.41	0.41	DZNJX
DIBCX	0.8	0.85	0.64	0.61	0.64	0.58		1.0	0.88	0.88	DIBCX
DIBAX	0.8	0.85	0.64	0.6	0.64	0.57	1.0		0.9	0.9	DIBAX
DIECX	0.68	0.74	0.49	0.42	0.48	0.41	0.88	0.9		1.0	DIECX
DIEAX	0.68	0.74	0.49	0.42	0.48	0.41	0.88	0.9	1.0		DIEAX
	DHGCX	DHGAX	DHMBX	DHYCX	DHYAX	DZNJX	DIBCX	DIBAX	DIECX	DIEAX

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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
DHGCX	0.17	(0.01)	0.12	0.35	0.21	(0.22)	0.36	(0.36)	1.46
DHGAX	0.18	(0.01)	0.11	(0.34)	0.22	(0.20)	0.35	(0.40)	1.50
DHMBX	0.26	(0.03)	0.00	(1.16)	0.00	0.00	0.46	(0.64)	1.56
DHYCX	0.25	(0.03)	0.00	(1.07)	0.00	0.00	0.47	(0.64)	1.48
DHYAX	0.26	(0.03)	0.00	(1.11)	0.00	0.00	0.46	(0.64)	1.56
DZNJX	0.19	(0.02)	0.00	(0.88)	0.00	0.00	0.34	(0.51)	1.11
DIBCX	0.32	(0.01)	0.08	(0.13)	0.33	(0.46)	0.79	(0.53)	1.95
DIBAX	0.32	0.00	0.09	(0.07)	0.33	(0.45)	0.82	(0.59)	1.91
DIECX	0.64	0.13	0.18	0.23	0.71	(0.69)	1.63	(1.36)	4.24
DIEAX	0.64	0.13	0.18	0.24	0.69	(0.69)	1.62	(1.36)	4.22

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