Dreyfus Global Correlations

DRLYX Fund  USD 8.11  0.12  1.50%   
The current 90-days correlation between Dreyfus Global Real and Dreyfus High Yield is 0.5 (i.e., Very weak 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

Very weak diversification

The correlation between Dreyfus Global Real and DJI is 0.5 (i.e., Very weak 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 manufacturing.

Moving together with Dreyfus Mutual Fund

  0.86DHYYX Dreyfus High YieldPairCorr
  0.79DIBRX Dreyfus InternationalPairCorr
  0.79DIBYX Dreyfus InternationalPairCorr
  0.61DIMIX Dreyfus Short IntermPairCorr
  0.67DINIX Dreyfus InternationalPairCorr
  0.81DISRX International StockPairCorr
  0.81DISYX International StockPairCorr
  0.85SDGIX Dreyfusstandish GlobalPairCorr
  0.69DLHRX Dreyfus High YieldPairCorr
  0.87DMBIX Dreyfus Amt FreePairCorr
  0.87DMBYX Dreyfus Municipal BondPairCorr
  0.87DMBVX Dreyfus Municipal BondPairCorr
  0.87DMUYX Dreyfus Amt FreePairCorr
  0.63DMYBX Dreyfus Short IntermPairCorr
  0.86DNJYX Dreyfus New JerseyPairCorr
  0.86DNMIX Dreyfus New JerseyPairCorr
  0.87DNYIX Dreyfus New YorkPairCorr
  0.87DNYYX Dreyfus New YorkPairCorr
  0.64DPRIX Dreyfus Worldwide GrowthPairCorr
  0.63DPWRX Dreyfus Worldwide GrowthPairCorr
  0.81DQEIX Dreyfus Global EquityPairCorr

Related Correlations Analysis

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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   
DIBYXDIBRX
DIERXDIEYX
DISYXDISRX
DINIXDIEYX
DINIXDIERX
DINIXDIMIX
  
High negative correlations   
DIERXSSETX
DIEYXSSETX
DIBYXSSETX
DIBRXSSETX
DIMIXSSETX
DINIXSSETX

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
DHYYX  0.27 (0.04) 0.00 (0.87) 0.00 
 0.46 
 1.47 
SSETX  1.17 (0.11) 0.00 (0.21) 0.00 
 2.09 
 6.69 
DIBRX  0.31  0.00  0.28 (0.13) 0.32 
 0.72 
 1.87 
DIBYX  0.31  0.00  0.00 (0.14) 0.00 
 0.72 
 2.02 
DIEYX  0.62  0.15  0.25  0.18  0.70 
 1.64 
 4.22 
DIERX  0.62  0.15  0.25  0.18  0.70 
 1.61 
 4.22 
DIMIX  0.07  0.00  0.79 (0.50) 0.02 
 0.16 
 0.47 
DINIX  0.64  0.14  0.20  0.15  0.76 
 1.64 
 4.53 
DISRX  0.73 (0.03) 0.00 (0.17) 0.00 
 1.56 
 4.80 
DISYX  0.73 (0.03) 0.00 (0.17) 0.00 
 1.53 
 4.82