Dreyfus Treasury Correlations
| DIRXX Fund | USD 1.00 0.00 0.00% |
The current 90-days correlation between Dreyfus Treasury Sec and Multisector Bond Sma is -0.08 (i.e., Good diversification). The correlation of Dreyfus Treasury 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 Treasury Correlation With Market
Good diversification
The correlation between Dreyfus Treasury Securities and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus Treasury Securities and DJI in the same portfolio, assuming nothing else is changed.
Dreyfus |
Moving together with Dreyfus Money Market Fund
Moving against Dreyfus Money Market Fund
| 0.46 | PFHCX | Pacific Funds Small | PairCorr |
| 0.36 | VTIAX | Vanguard Total Inter | PairCorr |
| 0.35 | VGTSX | Vanguard Total Inter | PairCorr |
Related Correlations Analysis
| 0.46 | 0.81 | 0.83 | 0.68 | 0.68 | 0.63 | MBSAX | ||
| 0.46 | 0.7 | 0.66 | 0.64 | 0.74 | 0.66 | TPYYX | ||
| 0.81 | 0.7 | 0.97 | 0.72 | 0.78 | 0.69 | PRINX | ||
| 0.83 | 0.66 | 0.97 | 0.8 | 0.83 | 0.68 | CFNLX | ||
| 0.68 | 0.64 | 0.72 | 0.8 | 0.82 | 0.7 | MSTBX | ||
| 0.68 | 0.74 | 0.78 | 0.83 | 0.82 | 0.73 | XDLYX | ||
| 0.63 | 0.66 | 0.69 | 0.68 | 0.7 | 0.73 | PRVBX | ||
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Risk-Adjusted Indicators
There is a big difference between Dreyfus Money Market Fund performing well and Dreyfus Treasury Money Market 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 Treasury'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MBSAX | 0.23 | (0.03) | 0.00 | (0.31) | 0.00 | 0.37 | 1.54 | |||
| TPYYX | 0.75 | (0.18) | 0.00 | (1.22) | 0.00 | 0.80 | 9.47 | |||
| PRINX | 0.20 | (0.03) | 0.00 | (0.60) | 0.00 | 0.44 | 1.60 | |||
| CFNLX | 0.15 | (0.03) | 0.00 | (0.68) | 0.00 | 0.22 | 1.35 | |||
| MSTBX | 0.09 | (0.02) | 0.00 | (2.57) | 0.00 | 0.20 | 0.72 | |||
| XDLYX | 0.15 | (0.04) | 0.00 | (1.91) | 0.00 | 0.18 | 1.85 | |||
| PRVBX | 0.08 | (0.02) | 0.00 | (0.89) | 0.00 | 0.17 | 0.50 |