Dynamic Total Correlations

AVGRX Fund

USD 14.05 0.03 0.21%

The current 90-days correlation between Dynamic Total Return and Dreyfus High Yield is 0.02 (i.e., Significant diversification). The correlation of Dynamic Total 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.

Dynamic Total Correlation With Market

Poor diversification

The correlation between Dynamic Total Return and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dynamic Total Return and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Dynamic Total Return. 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 metropolitan statistical area.

Moving together with Dynamic Mutual Fund

0.71	DHYYX	Dreyfus High Yield	Pair Corr
0.75	SSETX	Dreyfusthe Boston Pany	Pair Corr
0.61	DISYX	International Stock	Pair Corr
0.75	SSYGX	Dreyfusthe Boston Pany	Pair Corr
0.87	STSVX	Dreyfusthe Boston Pany	Pair Corr
0.77	DLACX	Dreyfus Large Cap Potential Growth	Pair Corr
0.73	SDSCX	Dreyfusthe Boston Pany	Pair Corr
0.91	DLDYX	Dreyfus Natural Resources	Pair Corr
0.91	DLDRX	Dreyfus Natural Resources	Pair Corr
0.81	DLQIX	Dreyfus Large Cap Potential Growth	Pair Corr
0.72	DMBIX	Dreyfus Amt Free	Pair Corr
0.71	DMBYX	Dreyfus Municipal Bond	Pair Corr
0.71	DMBVX	Dreyfus Municipal Bond	Pair Corr
0.81	DMCYX	Dreyfus Opportunistic	Pair Corr
0.83	DMIDX	Dreyfus Midcap Index	Pair Corr
0.72	DMUYX	Dreyfus Amt Free	Pair Corr
0.71	DNJYX	Dreyfus New Jersey	Pair Corr
0.78	DNLYX	Dreyfus Active Midcap	Pair Corr
0.7	DNLRX	Dreyfus Active Midcap	Pair Corr
0.65	DNMIX	Dreyfus New Jersey	Pair Corr
0.72	DNYIX	Dreyfus New York	Pair Corr
0.72	DNYYX	Dreyfus New York	Pair Corr
0.87	DOPIX	Dreyfus Opportunistic	Pair Corr
0.75	DPRIX	Dreyfus Worldwide Growth	Pair Corr
0.67	DPTRX	Dreyfus Tax Managed	Pair Corr
0.75	DPWRX	Dreyfus Worldwide Growth	Pair Corr
0.67	DQEIX	Dreyfus Global Equity	Pair Corr
1.0	AVGYX	Dynamic Total Return	Pair Corr
0.83	DQIYX	Dreyfus Equity Income	Pair Corr

Moving against Dynamic Mutual Fund

0.61	DIBRX	Dreyfus International	Pair Corr
0.61	DIBYX	Dreyfus International	Pair Corr

Related Correlations Analysis

	DHYYX	SSETX	DIBRX	DIBYX	DIEYX	DIERX	DIMIX	DINIX	DISRX	DISYX
DHYYX		0.4	-0.76	-0.76	0.02	0.02	0.74	-0.02	0.32	0.37	DHYYX
SSETX	0.4		-0.23	-0.23	0.56	0.56	0.4	0.63	0.87	0.87	SSETX
DIBRX	-0.76	-0.23		1.0	0.26	0.26	-0.42	0.31	-0.01	-0.06	DIBRX
DIBYX	-0.76	-0.23	1.0		0.26	0.26	-0.41	0.31	-0.01	-0.06	DIBYX
DIEYX	0.02	0.56	0.26	0.26		1.0	0.32	0.99	0.86	0.84	DIEYX
DIERX	0.02	0.56	0.26	0.26	1.0		0.32	0.99	0.86	0.84	DIERX
DIMIX	0.74	0.4	-0.42	-0.41	0.32	0.32		0.28	0.42	0.43	DIMIX
DINIX	-0.02	0.63	0.31	0.31	0.99	0.99	0.28		0.89	0.87	DINIX
DISRX	0.32	0.87	-0.01	-0.01	0.86	0.86	0.42	0.89		1.0	DISRX
DISYX	0.37	0.87	-0.06	-0.06	0.84	0.84	0.43	0.87	1.0		DISYX
	DHYYX	SSETX	DIBRX	DIBYX	DIEYX	DIERX	DIMIX	DINIX	DISRX	DISYX

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

DIBYX	+ 1.0	DIBRX
DIERX	+ 1.0	DIEYX
DISYX	+ 1.0	DISRX
DINIX	+ 0.99	DIEYX
DINIX	+ 0.99	DIERX
DISRX	+ 0.89	DINIX

High negative correlations

DIBYX	- 0.76	DHYYX
DIBRX	- 0.76	DHYYX
DIMIX	- 0.42	DIBRX
DIMIX	- 0.41	DIBYX
DIBYX	- 0.23	SSETX
DIBRX	- 0.23	SSETX

Risk-Adjusted Indicators

There is a big difference between Dynamic Mutual Fund performing well and Dynamic Total 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 Dynamic Total'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
DHYYX	0.49	(0.09)	0.00	0.59	0.00	0.00	0.75	(1.94)	5.24
SSETX	1.65	(0.01)	0.00	(0.09)	0.00	0.00	3.11	(4.25)	13.78
DIBRX	0.42	0.05	0.29	(0.44)	0.39	(0.52)	0.92	(0.86)	3.90
DIBYX	0.43	0.05	0.28	(0.45)	0.38	(0.58)	0.92	(0.78)	3.81
DIEYX	0.83	0.16	0.12	0.24	1.56	(0.81)	1.80	(1.38)	8.90
DIERX	0.83	0.16	0.12	0.24	1.57	(0.81)	1.83	(1.37)	8.90
DIMIX	0.09	(0.01)	0.28	0.21	0.15	(0.13)	0.23	(0.39)	1.03
DINIX	0.88	0.16	0.11	0.19	1.60	(0.88)	1.85	(1.79)	8.63
DISRX	0.90	0.04	0.05	(0.01)	1.47	(0.84)	1.87	(2.04)	6.58
DISYX	0.91	0.04	0.00	(0.02)	0.00	0.00	1.89	(2.07)	6.52

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

2025 Macroaxis LLC