Global Stock Correlations

DGLCX Fund  USD 18.65  0.12  0.65%   
The current 90-days correlation between Global Stock and International Stock Fund is 0.05 (i.e., Significant diversification). The correlation of Global Stock 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.

Global Stock Correlation With Market

Significant diversification

The correlation between Global Stock Fund and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Stock Fund 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 Global Stock Fund. 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 main economic indicators.

Moving together with Global Mutual Fund

  0.97PGROX Dreyfus Worldwide GrowthPairCorr
  0.92PGRCX Dreyfus Worldwide GrowthPairCorr
  0.78THPBX Dreyfus Balanced OppPairCorr
  0.74DLDCX Dreyfus Natural ResourcesPairCorr
  0.85DLQAX Dreyfus Large CapPairCorr
  0.83DMCVX Dreyfus OpportunisticPairCorr
  0.65DNLDX Dreyfus Active MidcapPairCorr
  0.68DNLCX Dreyfus Active MidcapPairCorr
  0.74DNLAX Dreyfus Natural ResourcesPairCorr
  0.82RUDAX Dreyfusthe Boston PanyPairCorr
  0.8DPTAX Dreyfus Tax ManagedPairCorr
  0.79AVGCX Dynamic Total ReturnPairCorr
  0.79AVGAX Dynamic Total ReturnPairCorr

Related Correlations Analysis

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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   
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DGLCXDGLRX
TADGXDGLCX
TADGXPKSAX
DGLRXDISAX
DGLCXDISAX
  
High negative correlations   
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Risk-Adjusted Indicators

There is a big difference between Global Mutual Fund performing well and Global Stock 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 Global Stock'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.