Dreyfus Global Correlations

DQEIX Fund

USD 12.66 0.12 0.94%

The current 90-days correlation between Dreyfus Global Equity and American Funds Inflation is 0.19 (i.e., Average diversification). The correlation of Dreyfus Global 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 Global Correlation With Market

Average diversification

The correlation between Dreyfus Global Equity and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus Global Equity 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 Global Equity. 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

0.78	DIBRX	Dreyfus International	Pair Corr
0.91	DIBYX	Dreyfus International	Pair Corr
0.91	DIEYX	Dreyfus International	Pair Corr
0.76	DIERX	Dreyfus International	Pair Corr
0.85	DIMIX	Dreyfus Short Interm	Pair Corr
0.74	DINIX	Dreyfus International	Pair Corr
0.8	SDGIX	Dreyfusstandish Global	Pair Corr
0.64	DLHRX	Dreyfus High Yield	Pair Corr
0.76	DMYBX	Dreyfus Short Interm	Pair Corr

Moving against Dreyfus Mutual Fund

0.5	DLDYX	Dreyfus Natural Resources	Pair Corr
0.5	DLDRX	Dreyfus Natural Resources	Pair Corr
0.49	SSETX	Dreyfusthe Boston Pany	Pair Corr
0.48	SDSCX	Dreyfusthe Boston Pany	Pair Corr
0.45	SSYGX	Dreyfusthe Boston Pany	Pair Corr
0.48	AVGRX	Dynamic Total Return	Pair Corr
0.46	DMIDX	Dreyfus Midcap Index	Pair Corr
0.45	AVGYX	Dynamic Total Return	Pair Corr
0.44	DOPIX	Dreyfus Opportunistic	Pair Corr
0.44	DPTRX	Dreyfus Tax Managed	Pair Corr
0.42	DMCYX	Dreyfus Opportunistic	Pair Corr
0.36	DQIYX	Dreyfus Equity Income	Pair Corr

Related Correlations Analysis

	FLIBX	QCILIX	ANBIX	DIPSX	TIILX	FIPRX	ABNCX	ABNYX
FLIBX		0.98	0.98	0.97	0.99	0.98	0.99	0.99	FLIBX
QCILIX	0.98		1.0	0.99	0.98	1.0	0.98	0.98	QCILIX
ANBIX	0.98	1.0		0.99	0.98	0.99	0.98	0.98	ANBIX
DIPSX	0.97	0.99	0.99		0.97	1.0	0.97	0.98	DIPSX
TIILX	0.99	0.98	0.98	0.97		0.97	1.0	1.0	TIILX
FIPRX	0.98	1.0	0.99	1.0	0.97		0.98	0.98	FIPRX
ABNCX	0.99	0.98	0.98	0.97	1.0	0.98		1.0	ABNCX
ABNYX	0.99	0.98	0.98	0.98	1.0	0.98	1.0		ABNYX
	FLIBX	QCILIX	ANBIX	DIPSX	TIILX	FIPRX	ABNCX	ABNYX

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Risk-Adjusted Indicators

There is a big difference between Dreyfus Mutual Fund performing well and Dreyfus Global 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 Global'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
FLIBX	0.22	0.03	0.20	0.87	0.17	(0.27)	0.44	(0.53)	1.43
QCILIX	0.15	0.02	0.31	(0.62)	0.00	(0.16)	0.32	(0.33)	0.94
ANBIX	0.16	0.03	0.27	(0.89)	0.00	(0.21)	0.38	(0.38)	0.98
DIPSX	0.21	0.03	0.23	(0.56)	0.13	(0.26)	0.46	(0.37)	1.19
TIILX	0.16	0.02	0.26	5.95	0.03	(0.19)	0.37	(0.29)	1.04
FIPRX	0.21	0.03	0.21	(0.48)	0.14	(0.26)	0.51	(0.41)	1.34
ABNCX	0.16	0.02	0.28	1.39	0.00	(0.20)	0.30	(0.30)	0.90
ABNYX	0.16	0.03	0.28	2.50	0.00	(0.19)	0.38	(0.29)	0.86

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