Dreyfus Floating Correlations

Mutual Funds USA . 
Fund . Dreyfus Floating Rate
DFLAX Fund  USD 11.17  0.01  0.09%   
The current 90-days correlation between Dreyfus Floating Rate and Dreyfusstandish Global Fixed is -0.11 (i.e., Good diversification). The correlation of Dreyfus Floating 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 Floating Correlation With Market

Very weak diversification

The correlation between Dreyfus Floating Rate and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus Floating Rate 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 Floating Rate. 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 nation.

Moving together with Dreyfus Mutual Fund

  0.95DIECX Dreyfus InternationalPairCorr
  0.95DIEAX Dreyfus InternationalPairCorr
  0.94DIISX Dreyfus InternationalPairCorr
  0.96DISSX Dreyfus Smallcap StockPairCorr
  0.96DISIX Dreyfus Smallcap StockPairCorr
  0.89DISCX International StockPairCorr
  0.89DISAX International StockPairCorr
  0.91DITEX Dreyfus IntermediatePairCorr
  0.98PGROX Dreyfus Worldwide GrowthPairCorr
  0.97PGRCX Dreyfus Worldwide GrowthPairCorr
  0.99THPBX Dreyfus Balanced OppPairCorr
  0.96DLDCX Dreyfus Natural ResourcesPairCorr
  0.99DLQAX Dreyfus Large CapPairCorr
  0.97DMBAX Dreyfus Short IntermPairCorr
  0.95DMCVX Dreyfus OpportunisticPairCorr
  0.96DNLDX Dreyfus Active MidcapPairCorr
  0.96DNLCX Dreyfus Active MidcapPairCorr
  0.97DNLAX Dreyfus Natural ResourcesPairCorr
  0.97RUDAX Dreyfusthe Boston PanyPairCorr
  0.98DPLTX Dreyfus High YieldPairCorr
  0.93BYSYX Bny Mellon ShortPairCorr
  0.94BYSIX Bny Mellon ShortPairCorr
  0.93BYSAX Bny Mellon ShortPairCorr
  0.95AVGCX 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 Floating 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 Floating'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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