Dreyfus Natural Correlations

DNLAX Fund

USD 41.56 0.27 0.65%

The current 90-days correlation between Dreyfus Natural Resources and Ultraemerging Markets Profund is -0.02 (i.e., Good diversification). The correlation of Dreyfus Natural 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 Natural Correlation With Market

Very weak diversification

The correlation between Dreyfus Natural Resources and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus Natural Resources 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 Natural Resources. 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

0.86	DLQAX	Dreyfus Large Cap	Pair Corr
0.87	DMCVX	Dreyfus Opportunistic	Pair Corr
0.69	AVGAX	Dynamic Total Return	Pair Corr
0.87	DVLCX	Dreyfus Opportunistic	Pair Corr
0.71	TRNEX	T Rowe Price	Pair Corr
0.65	PRNEX	T Rowe Price	Pair Corr
0.95	GEACX	Gmo Trust	Pair Corr
0.95	GAAHX	Gmo Resources	Pair Corr
0.91	GMOWX	Gmo Resources	Pair Corr
0.72	CISGX	Touchstone Sands Capital Steady Growth	Pair Corr

Moving against Dreyfus Mutual Fund

0.62	GPNCX	Dreyfus Gnma	Pair Corr
0.54	DHGCX	Dreyfusstandish Global	Pair Corr
0.47	DIECX	Dreyfus International	Pair Corr
0.47	DIEAX	Dreyfus International	Pair Corr
0.47	DMBAX	Dreyfus Short Interm	Pair Corr
0.47	DEQCX	Dreyfus Global Equity	Pair Corr
0.38	DHMBX	Dreyfus High Yield	Pair Corr
0.72	USGDX	Morgan Stanley Government	Pair Corr
0.63	HRBDX	Harbor Bond Fund	Pair Corr
0.6	VICSX	Vanguard Intermediate-ter	Pair Corr
0.52	ABNOX	Ab Bond Inflation	Pair Corr
0.51	UGPIX	Ultrachina Profund	Pair Corr
0.51	UGPSX	Ultrachina Profund	Pair Corr
0.44	GIOIX	Guggenheim Macro Opp	Pair Corr
0.38	TIMUX	Transamerica Intermediate	Pair Corr

Related Correlations Analysis

	UUPIX	DBELX	ANGCX	FHKFX	VIESX	SEDIX	SMSDX	BELSX
UUPIX		0.9	0.73	0.9	0.89	0.88	0.92	0.9	UUPIX
DBELX	0.9		0.88	0.9	0.88	0.91	0.88	0.89	DBELX
ANGCX	0.73	0.88		0.74	0.71	0.91	0.82	0.79	ANGCX
FHKFX	0.9	0.9	0.74		0.96	0.84	0.83	0.84	FHKFX
VIESX	0.89	0.88	0.71	0.96		0.81	0.83	0.78	VIESX
SEDIX	0.88	0.91	0.91	0.84	0.81		0.97	0.91	SEDIX
SMSDX	0.92	0.88	0.82	0.83	0.83	0.97		0.91	SMSDX
BELSX	0.9	0.89	0.79	0.84	0.78	0.91	0.91		BELSX
	UUPIX	DBELX	ANGCX	FHKFX	VIESX	SEDIX	SMSDX	BELSX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Dreyfus Mutual Fund performing well and Dreyfus Natural 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 Natural'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
UUPIX	2.27	0.24	0.08	(0.77)	2.87	(2.32)	4.92	(4.93)	14.16
DBELX	0.33	0.03	0.06	(9.02)	0.28	(0.44)	0.71	(0.58)	1.78
ANGCX	0.13	0.02	0.06	1.98	0.00	(0.22)	0.36	(0.24)	0.83
FHKFX	0.83	0.07	0.06	0.15	1.07	(0.87)	1.94	(1.91)	5.94
VIESX	0.54	0.03	0.03	0.09	0.69	(0.59)	1.31	(1.56)	3.67
SEDIX	0.09	0.01	0.03	(0.28)	0.00	(0.16)	0.21	(0.21)	0.53
SMSDX	0.23	0.01	0.03	(0.15)	0.27	(0.26)	0.43	(0.51)	1.30
BELSX	0.43	0.05	0.09	0.46	0.45	(0.48)	0.92	(0.81)	2.59

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC