Dreyfus Large Correlations

DLACX Fund

USD 14.41 0.04 0.28%

The correlation of Dreyfus Large 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 Large Correlation With Market

Very weak diversification

The correlation between Dreyfus Large Cap and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus Large Cap 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 Large Cap. 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

0.94	STSVX	Dreyfusthe Boston Pany	Pair Corr
1.0	DLQIX	Dreyfus Large Cap	Pair Corr
0.76	DMIDX	Dreyfus Midcap Index	Pair Corr
0.88	DNLYX	Dreyfus Active Midcap	Pair Corr
0.87	DNLRX	Dreyfus Active Midcap	Pair Corr
0.65	DOPIX	Dreyfus Opportunistic	Pair Corr

Moving against Dreyfus Mutual Fund

0.34	DIEYX	Dreyfus International	Pair Corr
0.34	DIERX	Dreyfus International	Pair Corr
0.32	DIMIX	Dreyfus Short Interm	Pair Corr
0.32	DMYBX	Dreyfus Short Interm	Pair Corr

Related Correlations Analysis

	FMUUX	SCCIX	TTRBX	ANBIX	MIIIX	LTXFX	BBINX
FMUUX		0.86	0.95	0.96	0.86	0.94	0.88	FMUUX
SCCIX	0.86		0.97	0.95	1.0	0.89	0.88	SCCIX
TTRBX	0.95	0.97		0.98	0.97	0.95	0.92	TTRBX
ANBIX	0.96	0.95	0.98		0.95	0.92	0.88	ANBIX
MIIIX	0.86	1.0	0.97	0.95		0.89	0.88	MIIIX
LTXFX	0.94	0.89	0.95	0.92	0.89		0.99	LTXFX
BBINX	0.88	0.88	0.92	0.88	0.88	0.99		BBINX
	FMUUX	SCCIX	TTRBX	ANBIX	MIIIX	LTXFX	BBINX

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Risk-Adjusted Indicators

There is a big difference between Dreyfus Mutual Fund performing well and Dreyfus Large 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 Large'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
FMUUX	0.03	0.00	0.00	(0.26)	0.00	0.00	0.10	0.00	0.40
SCCIX	0.25	0.02	0.26	0.41	0.22	(0.31)	0.57	(0.38)	1.44
TTRBX	0.15	0.01	0.40	0.76	0.05	(0.19)	0.40	(0.30)	0.82
ANBIX	0.16	0.03	0.41	1.08	0.00	(0.21)	0.38	(0.38)	0.98
MIIIX	0.24	0.02	0.27	0.56	0.20	(0.32)	0.54	(0.43)	1.42
LTXFX	0.10	0.00	0.32	(0.10)	0.11	(0.14)	0.26	(0.20)	0.65
BBINX	0.13	(0.01)	0.24	(0.26)	0.17	(0.18)	0.29	(0.30)	0.78

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