Dreyfus Strategic Correlations

Mutual Funds . USA . 
Fund . Dreyfus Strategic Value
DAGVX Fund  USD 48.00  0.30  0.63%   
The current 90-days correlation between Dreyfus Strategic Value and Dreyfusstandish Global Fixed is 0.14 (i.e., Average diversification). The correlation of Dreyfus Strategic 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 Strategic Correlation With Market

Almost no diversification

The correlation between Dreyfus Strategic Value and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus Strategic Value and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dreyfus Strategic Value. 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 real.

Moving together with Dreyfus Mutual Fund

  0.94DIECX Dreyfus InternationalPairCorr
  0.94DIEAX Dreyfus InternationalPairCorr
  0.93DIISX Dreyfus InternationalPairCorr
  0.98DISSX Dreyfus Smallcap StockPairCorr
  0.98DISIX Dreyfus Smallcap StockPairCorr
  0.89DISCX International StockPairCorr
  0.9DISAX International StockPairCorr
  0.94DITEX Dreyfus IntermediatePairCorr
  0.98PGROX Dreyfus Worldwide GrowthPairCorr
  0.98PGRCX Dreyfus Worldwide GrowthPairCorr
  0.99THPBX Dreyfus Balanced OppPairCorr
  0.97DLDCX Dreyfus Natural ResourcesPairCorr
  0.99DLQAX Dreyfus Large CapPairCorr
  0.97DMBAX Dreyfus Short IntermPairCorr
  0.96DMCVX Dreyfus OpportunisticPairCorr
  0.97DNLDX Dreyfus Active MidcapPairCorr
  0.97DNLCX Dreyfus Active MidcapPairCorr
  0.97DNLAX Dreyfus Natural ResourcesPairCorr
  0.99RUDAX Dreyfusthe Boston PanyPairCorr
  0.98DPLTX Dreyfus High YieldPairCorr
  0.94BYSYX Bny Mellon ShortPairCorr
  0.94BYSIX Bny Mellon ShortPairCorr
  0.94BYSAX Bny Mellon ShortPairCorr
  0.96AVGCX Dynamic Total ReturnPairCorr
  0.96AVGAX Dynamic Total ReturnPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Dreyfus Mutual Fund performing well and Dreyfus Strategic 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 Strategic'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
DHGCX  0.18  0.00 (0.48) 0.17  0.18 
(0.20)
 0.26 
(0.36)
 1.09 
DHGAX  0.18  0.00 (0.48) 0.25  0.17 
(0.20)
 0.30 
(0.35)
 1.05 
DHMBX  0.23 (0.03) 0.00 (0.36) 0.00 
 0.00 
 0.49 
(0.49)
 1.66 
DHYCX  0.23 (0.03) 0.00 (0.39) 0.00 
 0.00 
 0.58 
(0.49)
 1.66 
DHYAX  0.23 (0.03) 0.00 (0.27) 0.00 
 0.00 
 0.49 
(0.49)
 1.66 
DZNJX  0.16 (0.01)(0.48)(0.03) 0.19 
(0.21)
 0.44 
(0.35)
 1.24 
DIBCX  0.37  0.02 (0.26)(0.04) 0.44 
(0.41)
 0.83 
(0.58)
 2.43 
DIBAX  0.38  0.03 (0.23)(0.07) 0.44 
(0.42)
 0.78 
(0.62)
 2.59 
DIECX  0.46  0.13  0.07  0.52  0.24 
(0.51)
 1.22 
(0.98)
 2.91 
DIEAX  0.47  0.13  0.07  0.53  0.25 
(0.51)
 1.23 
(0.98)
 2.92 

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