Dreyfusthe Boston Correlations

SSYGX Fund

USD 40.57 0.55 1.34%

The current 90-days correlation between Dreyfusthe Boston Pany and The Hartford Emerging is 0.36 (i.e., Weak diversification). The correlation of Dreyfusthe 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.

Dreyfusthe Boston Correlation With Market

Very weak diversification

The correlation between Dreyfusthe Boston Pany and DJI is 0.47 (i.e., Very weak 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 price.

Moving together with Dreyfusthe Mutual Fund

1.0	SSETX	Dreyfusthe Boston Pany	Pair Corr
0.61	DINIX	Dreyfus International	Pair Corr
0.99	SDSCX	Dreyfusthe Boston Pany	Pair Corr
0.65	DLHRX	Dreyfus High Yield	Pair Corr
0.62	DOPIX	Dreyfus Opportunistic	Pair Corr

Related Correlations Analysis

	HLDAX	BXECX	ECSWX	ZEMIX	ANGCX	PIEFX	REMVX
HLDAX		0.82	0.43	0.73	0.63	0.85	0.87	HLDAX
BXECX	0.82		0.71	0.81	0.77	0.77	0.76	BXECX
ECSWX	0.43	0.71		0.71	0.6	0.5	0.43	ECSWX
ZEMIX	0.73	0.81	0.71		0.74	0.89	0.85	ZEMIX
ANGCX	0.63	0.77	0.6	0.74		0.63	0.68	ANGCX
PIEFX	0.85	0.77	0.5	0.89	0.63		0.97	PIEFX
REMVX	0.87	0.76	0.43	0.85	0.68	0.97		REMVX
	HLDAX	BXECX	ECSWX	ZEMIX	ANGCX	PIEFX	REMVX

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Risk-Adjusted Indicators

There is a big difference between Dreyfusthe Mutual Fund performing well and Dreyfusthe 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 Dreyfusthe 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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
HLDAX	0.32	0.02	0.03	0.20	0.28	(0.44)	0.67	(0.45)	1.78
BXECX	0.21	0.03	0.08	(0.72)	0.06	(0.30)	0.54	(0.40)	1.35
ECSWX	0.55	0.11	0.12	(1.00)	0.63	(0.62)	1.24	(0.90)	6.16
ZEMIX	0.64	0.08	0.08	0.31	0.75	(0.71)	1.58	(1.44)	4.37
ANGCX	0.13	0.02	0.06	1.27	0.00	(0.21)	0.35	(0.24)	0.94
PIEFX	0.72	0.07	0.06	0.35	0.93	(0.72)	1.46	(1.61)	4.27
REMVX	0.64	0.06	0.06	0.16	0.74	(0.71)	1.47	(1.38)	3.39

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Dreyfusthe Boston Correlations

Dreyfusthe Boston Correlation With Market

Very weak diversification

Moving together with Dreyfusthe Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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