Bny Mellon Correlations
| DCPCX Fund | USD 9.14 0.01 0.11% |
The current 90-days correlation between Bny Mellon Insight and Wells Fargo Government is 0.11 (i.e., Average diversification). The correlation of Bny Mellon 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.
Bny Mellon Correlation With Market
Significant diversification
The correlation between Bny Mellon Insight and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bny Mellon Insight and DJI in the same portfolio, assuming nothing else is changed.
Bny |
Moving together with Bny Mutual Fund
| 0.78 | DHGCX | Dreyfusstandish Global | PairCorr |
| 0.8 | DHGAX | Dreyfusstandish Global | PairCorr |
| 0.66 | DZNJX | Dreyfus New Jersey | PairCorr |
| 0.78 | DIBCX | Dreyfus International | PairCorr |
| 0.81 | DIBAX | Dreyfus International | PairCorr |
| 0.63 | DIEAX | Dreyfus International | PairCorr |
| 0.64 | DLDCX | Dreyfus Natural Resources | PairCorr |
| 0.66 | RUDAX | Dreyfusthe Boston Pany | PairCorr |
| 0.66 | BYSYX | Bny Mellon Short | PairCorr |
| 0.65 | BYSIX | Bny Mellon Short | PairCorr |
| 0.62 | BYSAX | Bny Mellon Short | PairCorr |
| 0.8 | AVGCX | Dynamic Total Return | PairCorr |
| 0.79 | AVGAX | Dynamic Total Return | PairCorr |
Related Correlations Analysis
| 0.19 | 0.89 | 0.96 | 0.92 | 0.99 | SGVDX | ||
| 0.19 | 0.42 | 0.2 | 0.36 | 0.22 | IVMXX | ||
| 0.89 | 0.42 | 0.9 | 0.96 | 0.9 | DPIGX | ||
| 0.96 | 0.2 | 0.9 | 0.91 | 0.98 | FKFSX | ||
| 0.92 | 0.36 | 0.96 | 0.91 | 0.92 | TWACX | ||
| 0.99 | 0.22 | 0.9 | 0.98 | 0.92 | FICMX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Bny Mutual Fund performing well and Bny Mellon 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 Bny Mellon'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SGVDX | 0.25 | 0.00 | (0.39) | 0.11 | 0.26 | 0.52 | 1.15 | |||
| IVMXX | 0.03 | 0.00 | 0.00 | 1.43 | 0.00 | 0.00 | 1.01 | |||
| DPIGX | 0.09 | 0.00 | (0.94) | 0.35 | 0.00 | 0.11 | 0.63 | |||
| FKFSX | 0.25 | 0.00 | (0.33) | 0.11 | 0.26 | 0.60 | 1.41 | |||
| TWACX | 0.09 | 0.00 | (0.88) | (0.18) | 0.00 | 0.22 | 0.56 | |||
| FICMX | 0.31 | 0.00 | (0.26) | 0.11 | 0.35 | 0.56 | 1.49 |