Dreyfus International Correlations

DIBCX Fund

USD 11.47 0.03 0.26%

The current 90-days correlation between Dreyfus International and Aqr Equity Market is -0.27 (i.e., Very good diversification). The correlation of Dreyfus International 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 International Correlation With Market

Average diversification

The correlation between Dreyfus International Bond and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus International Bond 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 International Bond. 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 Dreyfus Mutual Fund

0.8	DHGCX	Dreyfusstandish Global	Pair Corr
0.85	DHGAX	Dreyfusstandish Global	Pair Corr
1.0	DIBAX	Dreyfus International	Pair Corr
0.91	DIECX	Dreyfus International	Pair Corr
0.9	DIEAX	Dreyfus International	Pair Corr
0.9	DIISX	Dreyfus International	Pair Corr
0.71	DITEX	Dreyfus Intermediate	Pair Corr
0.84	DMBAX	Dreyfus Short Interm	Pair Corr
0.68	DPLTX	Dreyfus High Yield	Pair Corr
0.75	BYSYX	Bny Mellon Short	Pair Corr
0.84	BYSIX	Bny Mellon Short	Pair Corr
0.78	BYSAX	Bny Mellon Short	Pair Corr

Moving against Dreyfus Mutual Fund

0.63	DLDCX	Dreyfus Natural Resources	Pair Corr
0.57	DISIX	Dreyfus Smallcap Stock	Pair Corr
0.53	DLQAX	Dreyfus Large Cap	Pair Corr
0.52	DISSX	Dreyfus Smallcap Stock	Pair Corr
0.62	DNLAX	Dreyfus Natural Resources	Pair Corr
0.55	DREVX	Dreyfus Fund	Pair Corr
0.54	RUDAX	Dreyfusthe Boston Pany	Pair Corr
0.5	AVGCX	Dynamic Total Return	Pair Corr
0.49	DMCVX	Dreyfus Opportunistic	Pair Corr
0.47	AVGAX	Dynamic Total Return	Pair Corr
0.45	DNLCX	Dreyfus Active Midcap	Pair Corr
0.44	DNLDX	Dreyfus Active Midcap	Pair Corr
0.43	DPTAX	Dreyfus Tax Managed	Pair Corr
0.43	DQICX	Dreyfus Equity Income	Pair Corr
0.41	DQIAX	Dreyfus Equity Income	Pair Corr

Related Correlations Analysis

	QMNIX	PIEFX	PWEAX	BXECX	IGIEX	CDHIX	QNZIX	TEOJX
QMNIX		0.85	0.84	0.95	0.87	0.91	0.66	0.86	QMNIX
PIEFX	0.85		0.98	0.85	0.82	0.89	0.71	0.94	PIEFX
PWEAX	0.84	0.98		0.83	0.79	0.88	0.64	0.92	PWEAX
BXECX	0.95	0.85	0.83		0.92	0.94	0.65	0.85	BXECX
IGIEX	0.87	0.82	0.79	0.92		0.9	0.69	0.83	IGIEX
CDHIX	0.91	0.89	0.88	0.94	0.9		0.74	0.91	CDHIX
QNZIX	0.66	0.71	0.64	0.65	0.69	0.74		0.68	QNZIX
TEOJX	0.86	0.94	0.92	0.85	0.83	0.91	0.68		TEOJX
	QMNIX	PIEFX	PWEAX	BXECX	IGIEX	CDHIX	QNZIX	TEOJX

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Risk-Adjusted Indicators

There is a big difference between Dreyfus Mutual Fund performing well and Dreyfus International 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 International'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
QMNIX	0.30	0.14	0.40	1.00	0.00	(0.42)	0.68	(0.39)	1.97
PIEFX	0.96	0.11	0.09	0.20	1.16	(0.99)	2.06	(1.98)	6.94
PWEAX	0.69	0.08	0.09	0.21	0.78	(0.80)	1.55	(1.49)	5.83
BXECX	0.19	0.04	0.14	(0.48)	0.00	(0.32)	0.55	(0.27)	1.21
IGIEX	0.24	0.00	0.06	0.00	0.24	(0.31)	0.61	(0.49)	1.59
CDHIX	0.68	0.08	0.08	(0.31)	0.85	(0.69)	1.44	(1.51)	4.90
QNZIX	0.62	0.05	0.06	(1.55)	0.91	(0.59)	1.25	(1.36)	3.89
TEOJX	0.77	0.09	0.09	6.01	0.92	(0.83)	1.54	(1.53)	5.83

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