Dreyfus Strategic Correlations

DRGYX Fund

USD 46.01 0.57 1.25%

The current 90-days correlation between Dreyfus Strategic Value and Fidelity Real Estate is -0.26 (i.e., Very good diversification). The correlation of Dreyfus Strategic 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 Strategic Correlation With Market

Significant diversification

The correlation between Dreyfus Strategic Value and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus Strategic Value 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 Strategic Value. 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 manufacturing.

Moving together with Dreyfus Mutual Fund

0.77	DISRX	International Stock	Pair Corr
0.77	DISYX	International Stock	Pair Corr
0.62	STSVX	Dreyfusthe Boston Pany	Pair Corr
0.64	DLACX	Dreyfus Large Cap	Pair Corr
0.62	SDSCX	Dreyfusthe Boston Pany	Pair Corr
0.63	DLQIX	Dreyfus Large Cap	Pair Corr
0.68	DMCYX	Dreyfus Opportunistic	Pair Corr
0.7	DNLYX	Dreyfus Active Midcap	Pair Corr
0.63	DNLRX	Dreyfus Active Midcap	Pair Corr
0.66	DOPIX	Dreyfus Opportunistic	Pair Corr
0.81	DPRIX	Dreyfus Worldwide Growth	Pair Corr
0.82	DPWRX	Dreyfus Worldwide Growth	Pair Corr
0.71	DQIYX	Dreyfus Equity Income	Pair Corr

Related Correlations Analysis

	FIKMX	NRSCX	SEIRX	CREMX	MRESX	FRIOX
FIKMX		0.61	0.77	0.9	0.83	1.0	FIKMX
NRSCX	0.61		0.28	0.62	0.33	0.6	NRSCX
SEIRX	0.77	0.28		0.46	0.98	0.79	SEIRX
CREMX	0.9	0.62	0.46		0.55	0.88	CREMX
MRESX	0.83	0.33	0.98	0.55		0.85	MRESX
FRIOX	1.0	0.6	0.79	0.88	0.85		FRIOX
	FIKMX	NRSCX	SEIRX	CREMX	MRESX	FRIOX

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Risk-Adjusted Indicators

There is a big difference between Dreyfus Mutual Fund performing well and Dreyfus Strategic 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 Strategic'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
FIKMX	0.26	0.02	0.13	0.10	0.30	(0.29)	0.59	(0.49)	1.36
NRSCX	0.18	0.00	0.14	0.11	0.22	(0.18)	0.31	(0.37)	1.00
SEIRX	0.97	(0.03)	0.00	(0.08)	0.00	0.00	1.69	(2.42)	4.42
CREMX	0.02	0.02	0.00	7.71	0.00	0.00	0.08	0.00	0.08
MRESX	0.92	0.00	0.00	(0.04)	0.00	0.00	1.67	(1.75)	4.48
FRIOX	0.26	0.02	0.11	0.07	0.32	(0.28)	0.59	(0.50)	1.30

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Dreyfus Strategic Correlations

Dreyfus Strategic Correlation With Market

Significant diversification

Moving together with Dreyfus Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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