The Dreyfus Correlations

DTCAX Fund

USD 17.60 0.02 0.11%

The current 90-days correlation between The Dreyfus Sustainable and Delaware Investments Ultrashort is 0.01 (i.e., Significant diversification). The correlation of The Dreyfus 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.

The Dreyfus Correlation With Market

Good diversification

The correlation between The Dreyfus Sustainable and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Dreyfus Sustainable 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 The Dreyfus Sustainable. 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 nation.

Moving together with The Mutual Fund

0.85	THPBX	Dreyfus Balanced Opp	Pair Corr
0.87	DLDCX	Dreyfus Natural Resources	Pair Corr
0.92	DLQAX	Dreyfus Large Cap	Pair Corr
0.91	DMCVX	Dreyfus Opportunistic	Pair Corr
0.88	DNLDX	Dreyfus Active Midcap	Pair Corr
0.87	DNLAX	Dreyfus Natural Resources	Pair Corr
0.93	RUDAX	Dreyfusthe Boston Pany	Pair Corr
0.83	AVGCX	Dynamic Total Return	Pair Corr
0.82	AVGAX	Dynamic Total Return	Pair Corr
0.88	DQICX	Dreyfus Equity Income	Pair Corr
0.88	DQIAX	Dreyfus Equity Income	Pair Corr
0.93	DRTHX	The Dreyfus Sustainable	Pair Corr
0.87	DSPIX	Dreyfus Institutional	Pair Corr
0.91	DVLCX	Dreyfus Opportunistic	Pair Corr

Moving against The Mutual Fund

0.7	BYSYX	Bny Mellon Short	Pair Corr
0.68	DIECX	Dreyfus International	Pair Corr
0.68	DIEAX	Dreyfus International	Pair Corr
0.41	DMBAX	Dreyfus Short Interm	Pair Corr
0.39	DHGCX	Dreyfusstandish Global	Pair Corr
0.72	DBIRX	Dreyfus Bond Market	Pair Corr
0.7	GPNCX	Dreyfus Gnma	Pair Corr
0.68	NIEAX	Dreyfus/newton International	Pair Corr
0.66	DCPIX	Bny Mellon Insight	Pair Corr
0.64	DEQCX	Dreyfus Global Equity	Pair Corr
0.64	DEQAX	Dreyfus Global Equity	Pair Corr
0.58	DSIBX	Dreyfus Short Interm	Pair Corr

Related Correlations Analysis

	DULTX	VUBFX	TAAQX	SUSAX	OWSBX
DULTX		0.95	0.95	0.97	0.93	DULTX
VUBFX	0.95		0.97	0.96	0.98	VUBFX
TAAQX	0.95	0.97		0.99	0.98	TAAQX
SUSAX	0.97	0.96	0.99		0.95	SUSAX
OWSBX	0.93	0.98	0.98	0.95		OWSBX
	DULTX	VUBFX	TAAQX	SUSAX	OWSBX

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Risk-Adjusted Indicators

There is a big difference between The Mutual Fund performing well and The Dreyfus 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 The Dreyfus' 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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DULTX	0.04	0.01	0.00	(0.65)	0.00	0.10	0.00	0.51
VUBFX	0.04	0.01	0.00	(1.87)	0.00	0.10	0.00	0.20
TAAQX	0.09	0.01	0.08	4.45	(0.15)	0.21	(0.10)	0.62
SUSAX	0.06	0.01	0.05	2.48	(0.18)	0.10	(0.10)	0.51
OWSBX	0.07	0.01	0.07	(0.40)	(0.13)	0.20	(0.10)	0.40

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