Dreyfus Global Correlations

DRRCX Fund

USD 15.62 0.03 0.19%

The current 90-days correlation between Dreyfus Global Real and Ab Global Real is 0.03 (i.e., Significant 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 0.15 (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 main economic indicators.

Moving together with Dreyfus Mutual Fund

0.7	CII	Blackrock Enhanced	Pair Corr
0.64	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.65	HD	Home Depot	Pair Corr
0.64	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr

Moving against Dreyfus Mutual Fund

0.32	FMFFX	Fs Managed Futures	Pair Corr
0.37	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.33	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.32	KO	Coca Cola Aggressive Push	Pair Corr

Related Correlations Analysis

	AEEIX	CNGLX	WRLDX	AWF	DHGAX	TEDIX	SGMAX
AEEIX		0.2	-0.06	0.65	0.9	0.47	-0.11	AEEIX
CNGLX	0.2		0.74	0.39	0.03	0.82	0.67	CNGLX
WRLDX	-0.06	0.74		0.12	-0.19	0.61	0.94	WRLDX
AWF	0.65	0.39	0.12		0.63	0.66	0.03	AWF
DHGAX	0.9	0.03	-0.19	0.63		0.29	-0.28	DHGAX
TEDIX	0.47	0.82	0.61	0.66	0.29		0.47	TEDIX
SGMAX	-0.11	0.67	0.94	0.03	-0.28	0.47		SGMAX
	AEEIX	CNGLX	WRLDX	AWF	DHGAX	TEDIX	SGMAX

Click cells to compare fundamentals

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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

SGMAX	+ 0.94	WRLDX
DHGAX	+ 0.9	AEEIX
TEDIX	+ 0.82	CNGLX
WRLDX	+ 0.74	CNGLX
SGMAX	+ 0.67	CNGLX
TEDIX	+ 0.66	AWF

High negative correlations

SGMAX	- 0.28	DHGAX
DHGAX	- 0.19	WRLDX
SGMAX	- 0.11	AEEIX
WRLDX	- 0.06	AEEIX

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
AEEIX	0.58	(0.01)	(0.14)	0.07	0.77	(0.59)	1.00	(1.38)	3.39
CNGLX	0.54	(0.10)	(0.15)	0.00	0.78	(0.52)	1.04	(1.18)	3.68
WRLDX	0.49	(0.02)	(0.13)	0.09	0.45	(0.55)	0.92	(0.97)	2.75
AWF	0.33	(0.02)	(0.28)	0.02	0.38	(0.39)	0.65	(0.74)	1.91
DHGAX	0.17	0.00	(0.68)	0.16	0.15	(0.20)	0.34	(0.24)	0.98
TEDIX	0.51	(0.08)	(0.18)	0.01	0.66	(0.50)	0.88	(1.05)	2.77
SGMAX	0.35	0.00	(0.19)	0.12	0.26	(0.42)	0.71	(0.63)	1.58

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