Dreyfus Large Correlations

DLQAX Fund

USD 12.19 0.03 0.25%

The current 90-days correlation between Dreyfus Large Cap and Qs Defensive Growth is 0.38 (i.e., Weak diversification). 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 0.57 (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 nation.

Moving together with Dreyfus Mutual Fund

0.72	DISSX	Dreyfus Smallcap Stock	Pair Corr
0.85	THPBX	Dreyfus Balanced Opp	Pair Corr
0.84	DNLDX	Dreyfus Active Midcap	Pair Corr
0.92	RUDAX	Dreyfusthe Boston Pany	Pair Corr

Moving against Dreyfus Mutual Fund

0.38	BYSYX	Bny Mellon Short	Pair Corr
0.31	DIECX	Dreyfus International	Pair Corr
0.31	DIEAX	Dreyfus International	Pair Corr

Related Correlations Analysis

	LMLRX	UPDDX	AUERX	GETFX	BGGKX	PIGDX	GGRYX
LMLRX		0.69	0.42	0.94	0.69	0.66	0.99	LMLRX
UPDDX	0.69		0.8	0.86	0.89	0.08	0.68	UPDDX
AUERX	0.42	0.8		0.68	0.83	-0.14	0.43	AUERX
GETFX	0.94	0.86	0.68		0.86	0.45	0.93	GETFX
BGGKX	0.69	0.89	0.83	0.86		0.08	0.68	BGGKX
PIGDX	0.66	0.08	-0.14	0.45	0.08		0.72	PIGDX
GGRYX	0.99	0.68	0.43	0.93	0.68	0.72		GGRYX
	LMLRX	UPDDX	AUERX	GETFX	BGGKX	PIGDX	GGRYX

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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

GGRYX	+ 0.99	LMLRX
GETFX	+ 0.94	LMLRX
GGRYX	+ 0.93	GETFX
BGGKX	+ 0.89	UPDDX
GETFX	+ 0.86	UPDDX
BGGKX	+ 0.86	GETFX

High negative correlations

PIGDX

- 0.14

AUERX

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
LMLRX	0.33	0.01	0.00	(0.05)	0.00	0.00	0.61	(0.69)	2.17
UPDDX	2.00	(0.01)	0.00	(0.07)	0.00	0.00	3.22	(5.01)	15.30
AUERX	0.84	(0.06)	0.00	(0.15)	0.00	0.00	1.57	(2.24)	4.19
GETFX	0.58	0.00	0.00	(0.07)	0.00	0.00	1.04	(1.20)	3.31
BGGKX	1.54	(0.08)	0.00	(0.13)	0.00	0.00	2.77	(4.38)	8.15
PIGDX	0.82	0.09	0.09	0.07	1.12	(0.85)	1.84	(1.68)	7.09
GGRYX	0.53	0.02	0.00	(0.04)	0.00	0.00	1.01	(1.15)	3.13

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