Dreyfus Floating Correlations

Mutual Funds . USA . 
Fund . Dreyfus Floating Rate
DFLIX Fund  USD 11.13  0.01  0.09%   
The current 90-days correlation between Dreyfus Floating Rate and Iaadx is 0.35 (i.e., Weak 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

Significant diversification

The correlation between Dreyfus Floating Rate and DJI is 0.05 (i.e., Significant 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 gross domestic product.

Moving together with Dreyfus Mutual Fund

  0.96SSETX Dreyfusthe Boston PanyPairCorr
  0.94DIEYX Dreyfus InternationalPairCorr
  0.94DIERX Dreyfus InternationalPairCorr
  0.97DIMIX Dreyfus Short IntermPairCorr
  0.93DINIX Dreyfus InternationalPairCorr
  0.88DISRX International StockPairCorr
  0.88DISYX International StockPairCorr
  0.96SSYGX Dreyfusthe Boston PanyPairCorr
  0.97STSVX Dreyfusthe Boston PanyPairCorr
  0.99DLACX Dreyfus Large CapPairCorr
  0.97SDSCX Dreyfusthe Boston PanyPairCorr
  0.95DLDYX Dreyfus Natural ResourcesPairCorr
  0.95DLDRX Dreyfus Natural ResourcesPairCorr
  0.97DLHRX Dreyfus High YieldPairCorr
  0.99DLQIX Dreyfus Large CapPairCorr
  0.94DMCYX Dreyfus OpportunisticPairCorr
  0.95DMIDX Dreyfus Midcap IndexPairCorr
  0.97DMYBX Dreyfus Short IntermPairCorr
  0.96DNLYX Dreyfus Active MidcapPairCorr
  0.96DNLRX Dreyfus Active MidcapPairCorr
  0.97DOPIX Dreyfus OpportunisticPairCorr
  0.97DPRIX Dreyfus Worldwide GrowthPairCorr
  0.97DPWRX Dreyfus Worldwide GrowthPairCorr
  0.97DQEIX Dreyfus Global EquityPairCorr
  0.95AVGYX Dynamic Total ReturnPairCorr
  0.95AVGRX Dynamic Total ReturnPairCorr
  0.99DQIYX Dreyfus Equity IncomePairCorr

Related Correlations Analysis

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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.

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