Dreyfus Global Correlations

Mutual Funds . USA . 
Fund . Dreyfus Global Emerging
DGEAX Fund  USD 21.85  0.06  0.28%   
The current 90-days correlation between Dreyfus Global Emerging and Allianzgi Convertible Income is 0.21 (i.e., Modest diversification). The correlation of Dreyfus Global 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 Global Correlation With Market

Very poor diversification

The correlation between Dreyfus Global Emerging and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus Global Emerging 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 Global Emerging. 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

  0.96DIECX Dreyfus InternationalPairCorr
  0.98DIEAX Dreyfus InternationalPairCorr
  0.97DIISX Dreyfus InternationalPairCorr
  0.81DISSX Dreyfus Smallcap StockPairCorr
  0.86DISIX Dreyfus Smallcap StockPairCorr
  0.98DISCX International StockPairCorr
  0.98DISAX International StockPairCorr
  0.93PGROX Dreyfus Worldwide GrowthPairCorr
  0.96PGRCX Dreyfus Worldwide GrowthPairCorr
  0.91THPBX Dreyfus Balanced OppPairCorr
  0.75DLDCX Dreyfus Natural Resources Steady GrowthPairCorr
  0.96DLQAX Dreyfus Large CapPairCorr
  0.95DMCVX Dreyfus OpportunisticPairCorr
  0.97DNLDX Dreyfus Active MidcapPairCorr
  0.97DNLCX Dreyfus Active MidcapPairCorr
  0.69DNLAX Dreyfus Natural Resources Steady GrowthPairCorr
  0.86RUDAX Dreyfusthe Boston PanyPairCorr
  0.95DPLTX Dreyfus High YieldPairCorr
  0.83BYSYX Bny Mellon ShortPairCorr
  0.8BYSIX Bny Mellon ShortPairCorr
  0.81BYSAX Bny Mellon ShortPairCorr
  0.68AVGCX Dynamic Total ReturnPairCorr
  0.71AVGAX Dynamic Total ReturnPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Dreyfus Mutual Fund performing well and Dreyfus Global 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 Global'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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