Dreyfus/standish Correlations

DHGAX Fund

USD 20.04 0.01 0.05%

The current 90-days correlation between Dreyfusstandish Global and Barings Global Floating is 0.08 (i.e., Significant diversification). The correlation of Dreyfus/standish 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/standish Correlation With Market

Significant diversification

The correlation between Dreyfusstandish Global Fixed 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 Dreyfusstandish Global Fixed 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 Dreyfusstandish Global Fixed. 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/standish Mutual Fund

0.9	DHGCX	Dreyfusstandish Global	Pair Corr
0.73	DHMBX	Dreyfus High Yield	Pair Corr
0.7	DHYCX	Dreyfus High Yield	Pair Corr
0.74	DHYAX	Dreyfus High Yield	Pair Corr
0.62	DZNJX	Dreyfus New Jersey	Pair Corr
0.82	DIBCX	Dreyfus International	Pair Corr
0.82	DIBAX	Dreyfus International	Pair Corr
0.73	DIECX	Dreyfus International	Pair Corr
0.73	DIEAX	Dreyfus International	Pair Corr
0.76	DIISX	Dreyfus International	Pair Corr
0.86	DITEX	Dreyfus Intermediate	Pair Corr
0.65	DMBCX	Dreyfus Municipal Bond	Pair Corr
0.73	DMBAX	Dreyfus Short Interm	Pair Corr
0.75	DMBZX	Dreyfus Municipal Bond	Pair Corr
0.62	DMUCX	Dreyfus Amt Free	Pair Corr
0.71	DMUAX	Dreyfus Amt Free	Pair Corr
0.73	DNYAX	Dnyax	Pair Corr
0.86	DPLTX	Dreyfus High Yield	Pair Corr
0.8	BYSYX	Bny Mellon Short	Pair Corr
0.84	BYSIX	Bny Mellon Short	Pair Corr
0.83	BYSAX	Bny Mellon Short	Pair Corr

Moving against Dreyfus/standish Mutual Fund

0.55	DLDCX	Dreyfus Natural Resources	Pair Corr
0.38	DISIX	Dreyfus Smallcap Stock	Pair Corr
0.35	DLQAX	Dreyfus Large Cap	Pair Corr
0.55	DNLAX	Dreyfus Natural Resources	Pair Corr
0.38	RUDAX	Dreyfusthe Boston Pany	Pair Corr
0.32	DREVX	Dreyfus Fund	Pair Corr

Related Correlations Analysis

	BXFIX	ANAGX	DBIWX	TAAKX	GMLVX	PHTTX	SGICX
BXFIX		0.68	0.72	-0.02	0.39	0.6	0.38	BXFIX
ANAGX	0.68		0.85	-0.12	0.66	0.6	0.11	ANAGX
DBIWX	0.72	0.85		0.05	0.77	0.79	0.39	DBIWX
TAAKX	-0.02	-0.12	0.05		0.11	0.55	0.79	TAAKX
GMLVX	0.39	0.66	0.77	0.11		0.66	0.16	GMLVX
PHTTX	0.6	0.6	0.79	0.55	0.66		0.76	PHTTX
SGICX	0.38	0.11	0.39	0.79	0.16	0.76		SGICX
	BXFIX	ANAGX	DBIWX	TAAKX	GMLVX	PHTTX	SGICX

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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

DBIWX	+ 0.85	ANAGX
PHTTX	+ 0.79	DBIWX
SGICX	+ 0.79	TAAKX
GMLVX	+ 0.77	DBIWX
SGICX	+ 0.76	PHTTX
DBIWX	+ 0.72	BXFIX

High negative correlations

TAAKX	- 0.12	ANAGX
TAAKX	- 0.02	BXFIX

Risk-Adjusted Indicators

There is a big difference between Dreyfus/standish Mutual Fund performing well and Dreyfus/standish 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/standish'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
BXFIX	0.08	(0.01)	0.16	0.15	0.02	(0.28)	0.23	(0.12)	0.93
ANAGX	0.18	0.00	0.10	(0.21)	0.17	(0.27)	0.44	(0.44)	1.46
DBIWX	0.25	0.02	0.14	(0.39)	0.24	(0.29)	0.48	(0.58)	1.77
TAAKX	0.82	(0.04)	0.00	(0.06)	0.00	0.00	1.55	(1.66)	5.92
GMLVX	0.70	0.06	0.07	0.10	0.88	(0.75)	1.57	(1.62)	5.51
PHTTX	0.33	0.02	0.08	0.02	0.39	(0.33)	0.67	(0.58)	1.95
SGICX	0.53	0.03	0.05	0.01	0.69	(0.50)	1.09	(1.14)	2.61

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