Dreyfus Gnma Correlations
| GPNYX Fund | USD 12.62 0.02 0.16% |
The current 90-days correlation between Dreyfus Gnma and Lord Abbett Health is 0.38 (i.e., Weak diversification). The correlation of Dreyfus Gnma 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 Gnma Correlation With Market
Modest diversification
The correlation between Dreyfus Gnma Fund and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus Gnma Fund and DJI in the same portfolio, assuming nothing else is changed.
Dreyfus |
Moving together with Dreyfus Mutual Fund
| 0.99 | VFIJX | Vanguard Gnma | PairCorr |
| 0.97 | VSIGX | Vanguard Intermediate-ter | PairCorr |
| 0.96 | UGSFX | Us Government Securities | PairCorr |
| 0.96 | AMUSX | Us Government Securities | PairCorr |
| 0.96 | FSUGX | American Funds Government | PairCorr |
| 0.95 | UGSCX | Us Government Securities | PairCorr |
| 0.95 | FSUUX | American Funds Government | PairCorr |
| 1.0 | VMBSX | Vanguard Mortgage | PairCorr |
| 0.99 | VFIIX | Vanguard Gnma | PairCorr |
| 0.96 | FUTBX | Fidelity Sai Treasury | PairCorr |
| 0.76 | RMQAX | Monthly Rebalance Steady Growth | PairCorr |
| 0.76 | RMQHX | Monthly Rebalance Steady Growth | PairCorr |
| 0.75 | GSWPX | Goldman Sachs Smallmid | PairCorr |
| 0.62 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.82 | HD | Home Depot | PairCorr |
| 0.72 | PG | Procter Gamble | PairCorr |
Related Correlations Analysis
| 0.83 | 0.81 | 0.82 | 0.86 | 0.65 | LHCCX | ||
| 0.83 | 0.96 | 0.96 | 0.92 | 0.66 | XXGRX | ||
| 0.81 | 0.96 | 0.94 | 0.86 | 0.62 | HIAHX | ||
| 0.82 | 0.96 | 0.94 | 0.93 | 0.65 | BHSRX | ||
| 0.86 | 0.92 | 0.86 | 0.93 | 0.73 | LOGSX | ||
| 0.65 | 0.66 | 0.62 | 0.65 | 0.73 | HHCZX | ||
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Risk-Adjusted Indicators
There is a big difference between Dreyfus Mutual Fund performing well and Dreyfus Gnma 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 Gnma'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LHCCX | 0.79 | (0.03) | 0.00 | (0.10) | 0.00 | 1.50 | 5.15 | |||
| XXGRX | 0.70 | (0.11) | 0.00 | (0.47) | 0.00 | 1.19 | 3.52 | |||
| HIAHX | 0.69 | (0.11) | 0.00 | (0.41) | 0.00 | 1.04 | 3.59 | |||
| BHSRX | 0.71 | (0.14) | 0.00 | (0.32) | 0.00 | 1.02 | 6.63 | |||
| LOGSX | 0.63 | (0.05) | 0.00 | (0.14) | 0.00 | 1.32 | 4.72 | |||
| HHCZX | 0.13 | 0.00 | (0.10) | 0.05 | 0.09 | 0.24 | 1.15 |