Dreyfus Amt Correlations

DMUCX Fund  USD 13.52  0.03  0.22%   
The current 90-days correlation between Dreyfus Amt Free and Inflation Protected Bond Fund is 0.14 (i.e., Average diversification). The correlation of Dreyfus Amt 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.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dreyfus Amt Free Municipal. 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

  0.82VWITX Vanguard IntermediatePairCorr
  0.82VWIUX Vanguard IntermediatePairCorr
  0.81AFTEX Tax Exempt BondPairCorr
  0.81AFTFX Tax Exempt BondPairCorr
  0.82TEBCX Tax Exempt BondPairCorr
  0.79TEAFX Tax Exempt BondPairCorr
  0.8TFEBX Tax Exempt BondPairCorr
  0.82FLTMX Fidelity IntermediatePairCorr
  0.83MDNLX Blackrock NationalPairCorr
  0.85MFNLX Blackrock Natl MuniPairCorr
  0.65MGGAX Mirova Global GreenPairCorr

Moving against Dreyfus Mutual Fund

  0.48CSCO Cisco Systems Aggressive PushPairCorr
  0.41JPM JPMorgan Chase Sell-off TrendPairCorr
  0.38BAC Bank of America Aggressive PushPairCorr
  0.38HPQ HP IncPairCorr
  0.38AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr

Related Correlations Analysis

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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   
DSDYXFZNQEX
CCDIPBAX
DSDYXTFBIX
FZNQEXTFBIX
FULIXIPBAX
FULIXCCD
  
High negative correlations   
DSDYXFULIX
FULIXFZNQEX
DSDYXIPBAX
DSDYXCCD

Risk-Adjusted Indicators

There is a big difference between Dreyfus Mutual Fund performing well and Dreyfus Amt 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 Amt'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.