Dreyfus International Correlations

Mutual Funds . USA . 
Fund . Dreyfus International Equity
DIERX Fund  USD 40.83  0.07  0.17%   
The current 90-days correlation between Dreyfus International and Transamerica Large Cap is -0.05 (i.e., 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

Significant diversification

The correlation between Dreyfus International Equity and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus International Equity 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 Equity. 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 metropolitan statistical area.

Moving together with Dreyfus Mutual Fund

  0.95DIBRX Dreyfus InternationalPairCorr
  0.93DIBYX Dreyfus InternationalPairCorr
  0.98DIEYX Dreyfus InternationalPairCorr
  0.86DIMIX Dreyfus Short IntermPairCorr
  0.99DINIX Dreyfus InternationalPairCorr
  0.74SDGIX Dreyfusstandish GlobalPairCorr
  0.64DLHRX Dreyfus High YieldPairCorr
  0.87DMYBX Dreyfus Short IntermPairCorr
  0.97DQEIX Dreyfus Global EquityPairCorr

Moving against Dreyfus Mutual Fund

  0.67SSYGX Dreyfusthe Boston PanyPairCorr
  0.63DLDYX Dreyfus Natural ResourcesPairCorr
  0.61STSVX Dreyfusthe Boston PanyPairCorr
  0.61DLDRX Dreyfus Natural ResourcesPairCorr
  0.6DLACX Dreyfus Large CapPairCorr
  0.6SDSCX Dreyfusthe Boston PanyPairCorr
  0.59SSETX Dreyfusthe Boston PanyPairCorr
  0.54DLQIX Dreyfus Large CapPairCorr
  0.66DMIDX Dreyfus Midcap IndexPairCorr
  0.57DOPIX Dreyfus OpportunisticPairCorr
  0.56DMCYX Dreyfus OpportunisticPairCorr
  0.56AVGYX Dynamic Total ReturnPairCorr
  0.51DNLYX Dreyfus Active MidcapPairCorr
  0.51DNLRX Dreyfus Active MidcapPairCorr
  0.49DPTRX Dreyfus Tax ManagedPairCorr
  0.76DRYQX Dreyfus Research GrowthPairCorr
  0.62DRTCX The Dreyfus SustainablePairCorr

Related Correlations Analysis

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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.

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