Dreyfus/standish Correlations

Mutual Funds USA . 
Fund . Dreyfusstandish Global Fixed
SDGIX Fund  USD 20.41  0.07  0.34%   
The current 90-days correlation between Dreyfusstandish Global and Angel Oak Ultrashort is 0.39 (i.e., Weak diversification). The correlation of Dreyfus/standish 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/standish Correlation With Market

Modest diversification

The correlation between Dreyfusstandish Global Fixed and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfusstandish Global Fixed and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Dreyfusstandish Global Fixed. 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 gross domestic product.

Moving together with Dreyfus/standish Mutual Fund

  0.76DHYYX Dreyfus High YieldPairCorr
  0.87DIBRX Dreyfus InternationalPairCorr
  0.88DIBYX Dreyfus InternationalPairCorr
  0.74DIEYX Dreyfus InternationalPairCorr
  0.74DIERX Dreyfus InternationalPairCorr
  0.75DIMIX Dreyfus Short IntermPairCorr
  0.75DINIX Dreyfus InternationalPairCorr
  0.76DISRX International StockPairCorr
  0.75DISYX International StockPairCorr
  0.68DLHRX Dreyfus High YieldPairCorr
  0.81DMBIX Dreyfus Amt FreePairCorr
  0.8DMBYX Dreyfus Municipal BondPairCorr
  0.8DMBVX Dreyfus Municipal BondPairCorr
  0.81DMUYX Dreyfus Amt FreePairCorr
  0.76DMYBX Dreyfus Short IntermPairCorr
  0.8DNJYX Dreyfus New JerseyPairCorr
  0.79DNMIX Dreyfus New JerseyPairCorr
  0.8DNYIX Dreyfus New YorkPairCorr
  0.8DNYYX Dreyfus New YorkPairCorr
  0.73AVGYX Dynamic Total ReturnPairCorr
  0.73AVGRX Dynamic Total ReturnPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Dreyfus/standish Mutual Fund performing well and Dreyfus/standish 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/standish'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.

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