Dreyfus Global Correlations

DRLIX Fund

USD 8.09 0.22 2.65%

The current 90-days correlation between Dreyfus Global Real and Siit High Yield is 0.22 (i.e., Modest 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 Real and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus Global Real 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 Real. 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

0.89	DIBRX	Dreyfus International	Pair Corr
0.89	DIBYX	Dreyfus International	Pair Corr
0.83	DIEYX	Dreyfus International	Pair Corr
0.83	DIERX	Dreyfus International	Pair Corr
0.8	DINIX	Dreyfus International	Pair Corr
0.87	DISRX	International Stock	Pair Corr
0.87	DISYX	International Stock	Pair Corr
0.71	DLDYX	Dreyfus Natural Resources	Pair Corr
0.71	DLDRX	Dreyfus Natural Resources	Pair Corr
0.69	DPRIX	Dreyfus Worldwide Growth	Pair Corr
0.7	DPTRX	Dreyfus Tax Managed	Pair Corr
0.7	DPWRX	Dreyfus Worldwide Growth	Pair Corr
0.84	DQEIX	Dreyfus Global Equity	Pair Corr

Moving against Dreyfus Mutual Fund

0.52	SDSCX	Dreyfusthe Boston Pany	Pair Corr
0.5	SSYGX	Dreyfusthe Boston Pany	Pair Corr
0.48	SSETX	Dreyfusthe Boston Pany	Pair Corr
0.51	DBMYX	Dreyfusthe Boston Pany	Pair Corr
0.46	DRYQX	Dreyfus Research Growth	Pair Corr

Related Correlations Analysis

	SGYAX	RIMOX	PYRLX	PHDTX	BUFHX	FHYIX
SGYAX		0.74	0.32	0.89	0.78	0.33	SGYAX
RIMOX	0.74		0.26	0.67	0.75	0.09	RIMOX
PYRLX	0.32	0.26		0.6	0.63	0.69	PYRLX
PHDTX	0.89	0.67	0.6		0.86	0.52	PHDTX
BUFHX	0.78	0.75	0.63	0.86		0.38	BUFHX
FHYIX	0.33	0.09	0.69	0.52	0.38		FHYIX
	SGYAX	RIMOX	PYRLX	PHDTX	BUFHX	FHYIX

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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
SGYAX	0.13	0.00	(0.21)	(0.28)	0.05	(0.24)	0.28	(0.28)	1.13
RIMOX	0.05	0.00	(0.32)	0.59	0.03	(0.07)	0.10	(0.10)	0.56
PYRLX	0.11	(0.03)	0.00	(0.76)	0.00	0.00	0.16	(0.31)	0.94
PHDTX	0.09	(0.01)	(0.25)	(0.93)	0.14	(0.13)	0.11	(0.22)	0.78
BUFHX	0.10	(0.01)	0.00	0.42	0.00	0.00	0.18	(0.18)	1.57
FHYIX	0.20	(0.03)	0.00	(13.06)	0.00	0.00	0.43	(0.43)	1.85

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