Dreyfus Short Correlations

Mutual Funds . USA . 
Fund . Dreyfus Short Intermediate
DSIBX Fund  USD 12.74  0.02  0.16%   
The current 90-days correlation between Dreyfus Short Interm and Dreyfusstandish Global Fixed is 0.28 (i.e., Modest diversification). The correlation of Dreyfus Short 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 Short Correlation With Market

Average diversification

The correlation between Dreyfus Short Intermediate and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus Short Intermediate 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 Short Intermediate. 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 bureau of labor statistics.

Moving together with Dreyfus Mutual Fund

  0.9DHMBX Dreyfus High YieldPairCorr
  0.88DHYCX Dreyfus High YieldPairCorr
  0.89DHYAX Dreyfus High YieldPairCorr
  0.97DZNJX Dreyfus New JerseyPairCorr
  0.97DITEX Dreyfus IntermediatePairCorr
  0.92DMBCX Dreyfus Municipal BondPairCorr
  0.99DMBAX Dreyfus Short IntermPairCorr
  0.94DMBZX Dreyfus Municipal BondPairCorr
  0.93DMUCX Dreyfus Amt FreePairCorr
  0.95DMUAX Dreyfus Amt FreePairCorr
  0.66DNLDX Dreyfus Active MidcapPairCorr
  0.83DPLTX Dreyfus High YieldPairCorr
  0.84BYSIX Bny Mellon ShortPairCorr
  0.84BYSAX Bny Mellon ShortPairCorr
  0.62AVGCX Dynamic Total ReturnPairCorr
  0.61AVGAX Dynamic Total ReturnPairCorr
  0.92PNYCX Dreyfus New YorkPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Dreyfus Mutual Fund performing well and Dreyfus Short 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 Short'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
DHGCX  0.18 (0.07) 0.00 (1.63) 0.00 
 0.00 
 0.31 
(0.35)
 2.95 
DHGAX  0.19 (0.07) 0.00 (1.46) 0.00 
 0.00 
 0.30 
(0.39)
 3.08 
DHMBX  0.26 (0.05) 0.00 (0.79) 0.00 
 0.00 
 0.55 
(0.64)
 2.20 
DHYCX  0.26 (0.05) 0.00 (0.81) 0.00 
 0.00 
 0.54 
(0.64)
 2.19 
DHYAX  0.26 (0.05) 0.00 (0.75) 0.00 
 0.00 
 0.55 
(0.64)
 2.20 
DZNJX  0.20 (0.03) 0.00 (0.72) 0.00 
 0.00 
 0.42 
(0.51)
 1.62 
DIBCX  0.31 (0.11) 0.00 (1.57) 0.00 
 0.00 
 0.60 
(0.72)
 2.15 
DIBAX  0.29 (0.10) 0.00 (1.25) 0.00 
 0.00 
 0.58 
(0.67)
 1.94 
DIECX  0.61 (0.16) 0.00 (1.51) 0.00 
 0.00 
 1.03 
(1.62)
 3.90 
DIEAX  0.63 (0.17) 0.00 (1.64) 0.00 
 0.00 
 1.03 
(1.63)
 4.95 

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