Dreyfus International Correlations

DIISX Fund

USD 21.12 0.08 0.38%

The current 90-days correlation between Dreyfus International and Dreyfus Smallcap Stock is 0.36 (i.e., Weak 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

Very good diversification

The correlation between Dreyfus International Stock and DJI is -0.29 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus International Stock 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 Stock. 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 state.

Moving together with Dreyfus Mutual Fund

0.76	DHGCX	Dreyfusstandish Global	Pair Corr
0.8	DHGAX	Dreyfusstandish Global	Pair Corr
0.9	DIBCX	Dreyfus International	Pair Corr
0.91	DIBAX	Dreyfus International	Pair Corr
0.97	DIECX	Dreyfus International	Pair Corr
0.97	DIEAX	Dreyfus International	Pair Corr
0.72	DITEX	Dreyfus Intermediate	Pair Corr
0.91	DMBAX	Dreyfus Short Interm	Pair Corr
0.81	DPLTX	Dreyfus High Yield	Pair Corr
0.93	BYSYX	Bny Mellon Short	Pair Corr
0.93	BYSIX	Bny Mellon Short	Pair Corr
0.93	BYSAX	Bny Mellon Short	Pair Corr

Moving against Dreyfus Mutual Fund

0.67	DISIX	Dreyfus Smallcap Stock	Pair Corr
0.64	DISSX	Dreyfus Smallcap Stock	Pair Corr
0.49	DLQAX	Dreyfus Large Cap	Pair Corr
0.48	DLDCX	Dreyfus Natural Resources	Pair Corr
0.53	DREVX	Dreyfus Fund	Pair Corr
0.5	AVGCX	Dynamic Total Return	Pair Corr
0.49	RUDAX	Dreyfusthe Boston Pany	Pair Corr
0.48	DPTAX	Dreyfus Tax Managed	Pair Corr
0.47	DNLAX	Dreyfus Natural Resources	Pair Corr
0.46	AVGAX	Dynamic Total Return	Pair Corr
0.42	DMCVX	Dreyfus Opportunistic	Pair Corr
0.42	DNLCX	Dreyfus Active Midcap	Pair Corr
0.41	DQICX	Dreyfus Equity Income	Pair Corr
0.4	DNLDX	Dreyfus Active Midcap	Pair Corr
0.39	DQIAX	Dreyfus Equity Income	Pair Corr

Related Correlations Analysis

	DISSX	PESPX	DBMIX	PEOPX	DBIRX
DISSX		0.99	-0.66	0.96	-0.64	DISSX
PESPX	0.99		-0.62	0.96	-0.62	PESPX
DBMIX	-0.66	-0.62		-0.51	0.96	DBMIX
PEOPX	0.96	0.96	-0.51		-0.51	PEOPX
DBIRX	-0.64	-0.62	0.96	-0.51		DBIRX
	DISSX	PESPX	DBMIX	PEOPX	DBIRX

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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

PESPX	+ 0.99	DISSX
PEOPX	+ 0.96	DISSX
PEOPX	+ 0.96	PESPX
DBIRX	+ 0.96	DBMIX

High negative correlations

DBMIX	- 0.66	DISSX
DBIRX	- 0.64	DISSX
DBIRX	- 0.62	PESPX
DBMIX	- 0.62	PESPX
DBIRX	- 0.51	PEOPX
PEOPX	- 0.51	DBMIX

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
DISSX	1.11	(0.36)	0.00	2.62	0.00	0.00	1.61	(2.43)	13.37
PESPX	1.03	(0.27)	0.00	1.73	0.00	0.00	1.51	(2.25)	10.97
DBMIX	0.24	0.02	0.06	0.55	0.20	(0.29)	0.56	(0.44)	1.37
PEOPX	0.94	(0.20)	0.00	1.01	0.00	0.00	1.58	(1.78)	8.90
DBIRX	0.24	0.01	0.04	(0.12)	0.23	(0.27)	0.57	(0.55)	1.37

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