Dreyfus High Correlations

Mutual Funds . USA . 
Fund . Dreyfus High Yield
DHYAX Fund  USD 10.11  0.01  0.1%   
The current 90-days correlation between Dreyfus High Yield and Semiconductor Ultrasector Profund is -0.01 (i.e., Good diversification). The correlation of Dreyfus High 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 High Correlation With Market

Average diversification

The correlation between Dreyfus High Yield and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus High Yield 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 High Yield. 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

  0.87NHMAX Nuveen High YieldPairCorr
  0.87NHCCX Nuveen High YieldPairCorr
  0.99NHMRX Nuveen High YieldPairCorr
  0.99NHMFX Nuveen High YieldPairCorr
  0.68AHICX American High IncomePairCorr
  0.98GHYCX Goldman Sachs HighPairCorr
  0.96GHYAX Goldman Sachs HighPairCorr
  0.96ACTDX Invesco High YieldPairCorr

Moving against Dreyfus Mutual Fund

  0.43FKRCX Franklin Gold Precious Steady GrowthPairCorr
  0.42FGPMX Franklin Gold And Steady GrowthPairCorr
  0.4LEVIX Lazard Equity CentratedPairCorr
  0.39FFEGX Fidelity Freedom IndexPairCorr
  0.38PALCX Allianzgi Global AllPairCorr
  0.35PMPSX Precious Metals Ultr Steady GrowthPairCorr
  0.32PMPIX Precious Metals Ultr Steady GrowthPairCorr
  0.45FASCX Franklin K2 AlternativePairCorr
  0.41FNILX Fidelity Zero LargePairCorr
  0.4DCEMX Dunham Emerging MarketsPairCorr
  0.39FISVX Fidelity Small CapPairCorr
  0.38RYRUX Russell 2000 2x Steady GrowthPairCorr
  0.38EMAYX Enterprise Mergers AndPairCorr
  0.38MFLDX Marketfield Fund MarPairCorr
  0.38RRTLX T Rowe PricePairCorr
  0.37FFFCX Fidelity Freedom 2010PairCorr
  0.36PSHAX Short Term FundPairCorr
  0.34RIVKX American Funds InterPairCorr
  0.33HBLYX Hartford BalancedPairCorr
  0.33CSRYX Columbia Select LargePairCorr
  0.33FDEGX Fidelity Growth StraPairCorr
  0.33SPSDX Sterling Capital BehPairCorr

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 High 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 High'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY