Dreyfus/the Boston Correlations

SSETX Fund

USD 38.45 1.29 3.47%

The current 90-days correlation between Dreyfusthe Boston Pany and Nuveen Small Cap is 0.94 (i.e., Almost no diversification). The correlation of Dreyfus/the Boston 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/the Boston Correlation With Market

Good diversification

The correlation between Dreyfusthe Boston Pany and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfusthe Boston Pany 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 Dreyfusthe Boston Pany. 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 estimate.

Moving together with Dreyfus/the Mutual Fund

0.96	SSYGX	Dreyfusthe Boston Pany	Pair Corr
0.81	STSVX	Dreyfusthe Boston Pany	Pair Corr
0.62	DLACX	Dreyfus Large Cap	Pair Corr
0.95	SDSCX	Dreyfusthe Boston Pany	Pair Corr
0.77	DLDYX	Dreyfus Natural Resources	Pair Corr
0.77	DLDRX	Dreyfus Natural Resources	Pair Corr
0.62	DLQIX	Dreyfus Large Cap	Pair Corr
0.92	DMCYX	Dreyfus Opportunistic	Pair Corr
0.68	DMIDX	Dreyfus Midcap Index	Pair Corr
0.86	DNLYX	Dreyfus Active Midcap	Pair Corr
0.86	DNLRX	Dreyfus Active Midcap	Pair Corr
0.94	DOPIX	Dreyfus Opportunistic	Pair Corr
0.81	DPRIX	Dreyfus Worldwide Growth	Pair Corr
0.82	DPTRX	Dreyfus Tax Managed	Pair Corr
0.81	DPWRX	Dreyfus Worldwide Growth	Pair Corr
0.86	AVGYX	Dynamic Total Return	Pair Corr
0.82	AVGRX	Dynamic Total Return	Pair Corr
0.91	DQIYX	Dreyfus Equity Income	Pair Corr

Moving against Dreyfus/the Mutual Fund

0.56	DIEYX	Dreyfus International	Pair Corr
0.56	DIERX	Dreyfus International	Pair Corr
0.52	DIBRX	Dreyfus International	Pair Corr
0.52	DIBYX	Dreyfus International	Pair Corr
0.46	DINIX	Dreyfus International	Pair Corr
0.41	DIMIX	Dreyfus Short Interm	Pair Corr
0.49	DQEIX	Dreyfus Global Equity	Pair Corr
0.4	DMYBX	Dreyfus Short Interm	Pair Corr
0.56	NIEYX	Dreyfus/newton International	Pair Corr

Related Correlations Analysis

	FIMPX	SDSCX	NBMIX	PKSFX	STSIX
FIMPX		0.92	0.96	0.87	0.94	FIMPX
SDSCX	0.92		0.9	0.82	0.9	SDSCX
NBMIX	0.96	0.9		0.89	0.95	NBMIX
PKSFX	0.87	0.82	0.89		0.93	PKSFX
STSIX	0.94	0.9	0.95	0.93		STSIX
	FIMPX	SDSCX	NBMIX	PKSFX	STSIX

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Risk-Adjusted Indicators

There is a big difference between Dreyfus/the Mutual Fund performing well and Dreyfus/the Boston 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/the Boston'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
FIMPX	1.13	(0.25)	1.44	1.86	(3.49)	6.07
SDSCX	1.23	(0.10)	(0.12)	2.21	(3.16)	6.60
NBMIX	1.20	(0.21)	(0.22)	2.28	(3.52)	7.20
PKSFX	0.87	(0.17)	(0.24)	1.75	(1.63)	6.74
STSIX	1.09	(0.20)	(0.24)	1.68	(2.83)	6.14

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