The Dreyfus Correlations

Mutual Funds . USA . 
Fund . The Dreyfus Sustainable
DTCAX Fund  USD 18.30  0.07  0.38%   
The current 90-days correlation between The Dreyfus Sustainable and Dreyfusstandish Global Fixed is -0.02 (i.e., Good 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

Significant diversification

The correlation between The Dreyfus Sustainable and DJI is 0.02 (i.e., Significant 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

  0.68DHMBX Dreyfus High YieldPairCorr
  0.68DHYCX Dreyfus High YieldPairCorr
  0.68DHYAX Dreyfus High YieldPairCorr
  0.68DZNJX Dreyfus New JerseyPairCorr
  0.66DIBCX Dreyfus InternationalPairCorr
  0.65DIBAX Dreyfus InternationalPairCorr
  0.62DISCX International StockPairCorr
  0.64DISAX International StockPairCorr
  0.68DITEX Dreyfus IntermediatePairCorr
  0.81PGROX Dreyfus Worldwide GrowthPairCorr
  0.66PGRCX Dreyfus Worldwide GrowthPairCorr
  0.83THPBX Dreyfus Balanced OppPairCorr
  0.69DMBZX Dreyfus Municipal BondPairCorr
  0.61DMCVX Dreyfus OpportunisticPairCorr
  0.69DMUCX Dreyfus Amt FreePairCorr
  0.69DMUAX Dreyfus Amt FreePairCorr
  0.72DPTAX Dreyfus Tax ManagedPairCorr
  0.68PNYCX Dreyfus New YorkPairCorr
  0.61DQIAX Dreyfus Equity IncomePairCorr
  0.67DRCAX Dreyfus California AmtPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
DHGCX  0.17  0.02  0.10  0.24  0.07 
(0.23)
 0.37 
(0.36)
 1.10 
DHGAX  0.16  0.00  0.04  0.35  0.14 
(0.22)
 0.40 
(0.40)
 1.11 
DHMBX  0.25 (0.02) 0.00 (0.33) 0.00 
 0.00 
 0.47 
(0.64)
 1.56 
DHYCX  0.26 (0.02) 0.00 (0.29) 0.00 
 0.00 
 0.55 
(0.64)
 1.48 
DHYAX  0.25 (0.02) 0.00 (0.37) 0.00 
 0.00 
 0.47 
(0.64)
 1.55 
DZNJX  0.19 (0.01) 0.00 (0.25) 0.00 
 0.00 
 0.42 
(0.51)
 1.11 
DIBCX  0.31 (0.02) 0.00 (0.15) 0.00 
 0.00 
 0.79 
(0.53)
 1.78 
DIBAX  0.30 (0.01) 0.00 (0.11) 0.00 
 0.00 
 0.82 
(0.59)
 1.76 
DIECX  0.57  0.09  0.12  0.18  0.63 
(0.61)
 1.63 
(1.44)
 3.49 
DIEAX  0.56  0.09  0.12  0.19  0.62 
(0.61)
 1.62 
(1.46)
 3.47 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY