Dreyfus Alcentra Correlations

XDCFX Fund

USD 9.27 0.01 0.11%

The current 90-days correlation between Dreyfus Alcentra Global and Vanguard Total Stock is 0.13 (i.e., Average diversification). The correlation of Dreyfus Alcentra 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 Alcentra Correlation With Market

Average diversification

The correlation between Dreyfus Alcentra Global and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus Alcentra Global and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Dreyfus Alcentra Global. 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 census.

Moving together with Dreyfus Mutual Fund

0.62	PGAIX	Pimco Global Multi	Pair Corr
0.71	LIGYX	Loomis Sayles Intern	Pair Corr
0.66	AAAMX	American Century One	Pair Corr
0.65	NADCX	Nationwide Investor	Pair Corr

Moving against Dreyfus Mutual Fund

0.76

PFHCX

Pacific Funds Small

Pair Corr

Related Correlations Analysis

	VTSAX	VFIAX	VTSMX	VITSX	VSTSX	VSMPX	VFINX	VFFSX	VGTSX	VTIAX
VTSAX		1.0	1.0	1.0	1.0	1.0	1.0	1.0	-0.24	-0.24	VTSAX
VFIAX	1.0		1.0	1.0	1.0	1.0	1.0	1.0	-0.2	-0.19	VFIAX
VTSMX	1.0	1.0		1.0	1.0	1.0	1.0	1.0	-0.24	-0.24	VTSMX
VITSX	1.0	1.0	1.0		1.0	1.0	1.0	1.0	-0.24	-0.24	VITSX
VSTSX	1.0	1.0	1.0	1.0		1.0	1.0	1.0	-0.24	-0.24	VSTSX
VSMPX	1.0	1.0	1.0	1.0	1.0		1.0	1.0	-0.24	-0.24	VSMPX
VFINX	1.0	1.0	1.0	1.0	1.0	1.0		1.0	-0.2	-0.19	VFINX
VFFSX	1.0	1.0	1.0	1.0	1.0	1.0	1.0		-0.2	-0.19	VFFSX
VGTSX	-0.24	-0.2	-0.24	-0.24	-0.24	-0.24	-0.2	-0.2		1.0	VGTSX
VTIAX	-0.24	-0.19	-0.24	-0.24	-0.24	-0.24	-0.19	-0.19	1.0		VTIAX
	VTSAX	VFIAX	VTSMX	VITSX	VSTSX	VSMPX	VFINX	VFFSX	VGTSX	VTIAX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

VFIAX	+ 1.0	VTSAX
VTSMX	+ 1.0	VTSAX
VITSX	+ 1.0	VTSAX
VSTSX	+ 1.0	VTSAX
VSMPX	+ 1.0	VTSAX
VFINX	+ 1.0	VTSAX

High negative correlations

VTIAX	- 0.24	VSMPX
VGTSX	- 0.24	VSMPX
VTIAX	- 0.24	VSTSX
VGTSX	- 0.24	VSTSX
VTIAX	- 0.24	VITSX
VGTSX	- 0.24	VITSX

Risk-Adjusted Indicators

There is a big difference between Dreyfus Mutual Fund performing well and Dreyfus Alcentra 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 Alcentra'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
VTSAX	0.57	0.01	(0.01)	0.12	0.66	(0.61)	1.10	(1.31)	4.11
VFIAX	0.55	0.00	(0.02)	0.11	0.66	(0.56)	1.17	(1.31)	3.84
VTSMX	0.57	0.01	(0.01)	0.12	0.66	(0.61)	1.10	(1.31)	4.11
VITSX	0.57	0.01	(0.01)	0.12	0.66	(0.61)	1.10	(1.31)	4.11
VSTSX	0.57	0.01	(0.01)	0.12	0.66	(0.61)	1.10	(1.31)	4.11
VSMPX	0.57	0.01	(0.01)	0.12	0.66	(0.61)	1.10	(1.30)	4.11
VFINX	0.55	0.00	(0.02)	0.11	0.66	(0.57)	1.17	(1.31)	3.84
VFFSX	0.55	0.00	(0.02)	0.11	0.65	(0.56)	1.17	(1.31)	3.84
VGTSX	0.62	(0.11)	0.00	(0.13)	0.00	0.00	1.15	(1.56)	4.09
VTIAX	0.61	(0.11)	0.00	(0.13)	0.00	0.00	1.15	(1.59)	4.11

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