Dreyfus Short Correlations

DMBAX Fund

USD 12.78 0.02 0.16%

The current 90-days correlation between Dreyfus Short Interm and Rmb Mendon Financial is 0.15 (i.e., Average diversification). The correlation of Dreyfus Short 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 Short Correlation With Market

Significant diversification

The correlation between Dreyfus Short Intermediate and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus Short Intermediate 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 Short Intermediate. 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

0.84	DHGCX	Dreyfusstandish Global	Pair Corr
0.78	DHMBX	Dreyfus High Yield	Pair Corr
0.75	DHYCX	Dreyfus High Yield	Pair Corr
0.73	DHYAX	Dreyfus High Yield	Pair Corr
0.61	DIECX	Dreyfus International	Pair Corr
0.61	DIEAX	Dreyfus International	Pair Corr
0.78	DMBZX	Dreyfus Municipal Bond	Pair Corr
0.74	DMUAX	Dreyfus Amt Free	Pair Corr
0.79	DRCAX	Dreyfus California Amt	Pair Corr
0.65	DRLAX	Dreyfus Global Real	Pair Corr
0.77	DRMBX	Dreyfus Amt Free	Pair Corr
0.8	DSIBX	Dreyfus Short Interm	Pair Corr
0.63	DBIRX	Dreyfus Bond Market	Pair Corr
0.64	NIEAX	Dreyfus/newton International	Pair Corr
0.78	DCAAX	Dreyfus California Amt	Pair Corr
0.7	DCNJX	Dreyfus New Jersey	Pair Corr
0.76	DCPIX	Bny Mellon Insight	Pair Corr
0.66	GPNCX	Dreyfus Gnma	Pair Corr

Moving against Dreyfus Mutual Fund

0.65	DISSX	Dreyfus Smallcap Stock	Pair Corr
0.51	DLDCX	Dreyfus Natural Resources	Pair Corr
0.47	DNLAX	Dreyfus Natural Resources	Pair Corr
0.41	AVGCX	Dynamic Total Return	Pair Corr
0.37	AVGAX	Dynamic Total Return	Pair Corr
0.34	DMCVX	Dreyfus Opportunistic	Pair Corr
0.52	DRTHX	The Dreyfus Sustainable	Pair Corr
0.34	DSPIX	Dreyfus Institutional	Pair Corr
0.32	DQIAX	Dreyfus Equity Income	Pair Corr

Related Correlations Analysis

	RMBKX	FTIXX	XFINX	IAAEX	MSVIX	ICFAX	MCBXX
RMBKX		0.0	0.41	0.29	0.86	0.9	0.0	RMBKX
FTIXX	0.0		0.0	0.0	0.0	0.0	0.0	FTIXX
XFINX	0.41	0.0		0.01	0.3	0.3	0.0	XFINX
IAAEX	0.29	0.0	0.01		0.15	0.26	0.0	IAAEX
MSVIX	0.86	0.0	0.3	0.15		0.89	0.0	MSVIX
ICFAX	0.9	0.0	0.3	0.26	0.89		0.0	ICFAX
MCBXX	0.0	0.0	0.0	0.0	0.0	0.0		MCBXX
	RMBKX	FTIXX	XFINX	IAAEX	MSVIX	ICFAX	MCBXX

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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

ICFAX	+ 0.9	RMBKX
ICFAX	+ 0.89	MSVIX
MSVIX	+ 0.86	RMBKX
XFINX	+ 0.41	RMBKX
MSVIX	+ 0.3	XFINX
ICFAX	+ 0.3	XFINX

High negative correlations

MCBXX	- 0.0	ICFAX
MCBXX	- 0.0	MSVIX
MCBXX	- 0.0	IAAEX
MCBXX	- 0.0	XFINX
MCBXX	- 0.0	FTIXX
ICFAX	- 0.0	FTIXX

Risk-Adjusted Indicators

There is a big difference between Dreyfus Mutual Fund performing well and Dreyfus Short 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 Short'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
RMBKX	1.06	(0.07)	0.00	(0.07)	0.00	0.00	2.19	(2.09)	6.79
FTIXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
XFINX	0.14	0.01	0.02	(0.23)	0.19	(0.17)	0.29	(0.28)	1.27
IAAEX	0.81	(0.12)	0.00	0.99	0.00	0.00	1.41	(1.48)	9.17
MSVIX	0.83	(0.05)	0.00	(0.05)	0.00	0.00	1.60	(1.74)	4.25
ICFAX	0.78	(0.02)	0.00	(0.02)	0.00	0.00	1.32	(2.07)	3.93
MCBXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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