Dreyfus Worldwide Correlations

DPRIX Fund

USD 69.37 1.49 0.39%

The correlation of Dreyfus Worldwide 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. 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 gross domestic product.

Moving together with Dreyfus Mutual Fund

0.62

DPWRX

Dreyfus Worldwide Growth

Pair Corr

Moving against Dreyfus Mutual Fund

0.32	DRGYX	Dreyfus Strategic Value	Pair Corr
0.32	DRGVX	Dreyfus Strategic Value	Pair Corr

Related Correlations Analysis

	FIKAX	ENPSX	SBMBX	HNRGX	DLDCX	FRNRX	ICBAX	GMOWX
FIKAX		0.97	0.75	0.93	0.84	0.94	0.72	0.27	FIKAX
ENPSX	0.97		0.63	0.95	0.79	0.87	0.78	0.06	ENPSX
SBMBX	0.75	0.63		0.52	0.88	0.89	0.3	0.75	SBMBX
HNRGX	0.93	0.95	0.52		0.71	0.83	0.89	0.03	HNRGX
DLDCX	0.84	0.79	0.88	0.71		0.92	0.53	0.46	DLDCX
FRNRX	0.94	0.87	0.89	0.83	0.92		0.66	0.48	FRNRX
ICBAX	0.72	0.78	0.3	0.89	0.53	0.66		-0.09	ICBAX
GMOWX	0.27	0.06	0.75	0.03	0.46	0.48	-0.09		GMOWX
	FIKAX	ENPSX	SBMBX	HNRGX	DLDCX	FRNRX	ICBAX	GMOWX

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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

ENPSX	+ 0.97	FIKAX
HNRGX	+ 0.95	ENPSX
FRNRX	+ 0.94	FIKAX
HNRGX	+ 0.93	FIKAX
FRNRX	+ 0.92	DLDCX
FRNRX	+ 0.89	SBMBX

High negative correlations

GMOWX

- 0.09

ICBAX

Risk-Adjusted Indicators

There is a big difference between Dreyfus Mutual Fund performing well and Dreyfus Worldwide 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 Worldwide'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
FIKAX	0.90	0.04	(0.04)	0.47	1.22	(0.89)	2.07	(2.07)	5.82
ENPSX	1.32	0.08	(0.01)	0.94	1.83	(1.35)	2.58	(3.15)	9.31
SBMBX	0.70	0.00	(0.10)	0.07	0.99	(0.68)	1.34	(1.49)	3.99
HNRGX	0.86	0.13	0.02	1.07	1.03	(0.91)	1.80	(1.85)	6.94
DLDCX	0.96	(0.02)	(0.06)	0.03	1.84	(0.90)	1.58	(1.79)	11.02
FRNRX	0.73	0.05	(0.05)	0.51	0.92	(0.76)	1.58	(1.57)	4.12
ICBAX	0.74	0.04	0.08	0.15	0.49	(0.89)	1.49	(1.06)	6.34
GMOWX	1.00	0.04	(0.05)	0.70	1.38	(0.98)	1.88	(2.32)	5.05

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Dreyfus Worldwide Correlations

Moving together with Dreyfus Mutual Fund

Moving against Dreyfus Mutual Fund

Related Correlations Analysis

Correlation Matchups

Risk-Adjusted Indicators

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