Dreyfus Research Correlations

Mutual Funds . USA . 
Fund . Dreyfus Research Growth
DREQX Fund  USD 19.36  0.06  0.31%   
The current 90-days correlation between Dreyfus Research Growth and T Rowe Price is -0.22 (i.e., Very good diversification). The correlation of Dreyfus Research 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 Research Correlation With Market

Poor diversification

The correlation between Dreyfus Research Growth and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus Research Growth 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 Research Growth. 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 producer price index.

Moving together with Dreyfus Mutual Fund

  0.98DISIX Dreyfus Smallcap StockPairCorr
  0.74PGROX Dreyfus Worldwide GrowthPairCorr
  0.75PGRCX Dreyfus Worldwide GrowthPairCorr
  0.87THPBX Dreyfus Balanced OppPairCorr
  0.87DLDCX Dreyfus Natural ResourcesPairCorr
  0.96DLQAX Dreyfus Large CapPairCorr
  0.92DMCVX Dreyfus OpportunisticPairCorr
  0.86DNLDX Dreyfus Active MidcapPairCorr
  0.92DNLCX Dreyfus Active MidcapPairCorr
  0.86DNLAX Dreyfus Natural ResourcesPairCorr
  0.95RUDAX Dreyfusthe Boston PanyPairCorr
  0.76DPTAX Dreyfus Tax ManagedPairCorr
  0.87AVGCX Dynamic Total ReturnPairCorr
  0.85AVGAX Dynamic Total ReturnPairCorr

Moving against Dreyfus Mutual Fund

  0.76DIECX Dreyfus InternationalPairCorr
  0.76DIEAX Dreyfus InternationalPairCorr
  0.71DIBAX Dreyfus InternationalPairCorr
  0.7DIBCX Dreyfus InternationalPairCorr
  0.67DIISX Dreyfus InternationalPairCorr
  0.5DHGAX Dreyfusstandish GlobalPairCorr
  0.41DHGCX Dreyfusstandish GlobalPairCorr
  0.4DITEX Dreyfus IntermediatePairCorr
  0.79BYSYX Bny Mellon ShortPairCorr
  0.77BYSIX Bny Mellon ShortPairCorr
  0.68BYSAX Bny Mellon ShortPairCorr
  0.41DMBAX Dreyfus Short IntermPairCorr
  0.31DPLTX Dreyfus High YieldPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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

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