Dreyfus International Correlations

Mutual Funds . USA . 
Fund . Dreyfus International Equity
DIEAX Fund  USD 42.73  0.09  0.21%   
The current 90-days correlation between Dreyfus International and Dreyfusstandish Global Fixed is 0.36 (i.e., Weak diversification). The correlation of Dreyfus International 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 International Correlation With Market

Good diversification

The correlation between Dreyfus International Equity and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus International Equity 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 International Equity. 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

  1.0DIECX Dreyfus InternationalPairCorr
  0.98DIISX Dreyfus InternationalPairCorr
  0.91DISSX Dreyfus Smallcap StockPairCorr
  0.91DISIX Dreyfus Smallcap StockPairCorr
  0.94DISCX International StockPairCorr
  0.96DISAX International StockPairCorr
  0.92DITEX Dreyfus IntermediatePairCorr
  0.96PGROX Dreyfus Worldwide GrowthPairCorr
  0.96PGRCX Dreyfus Worldwide GrowthPairCorr
  0.95THPBX Dreyfus Balanced OppPairCorr
  0.94DLDCX Dreyfus Natural ResourcesPairCorr
  0.95DLQAX Dreyfus Large CapPairCorr
  0.92DMBAX Dreyfus Short IntermPairCorr
  0.95DMCVX Dreyfus OpportunisticPairCorr
  0.95DNLDX Dreyfus Active MidcapPairCorr
  0.93DNLCX Dreyfus Active MidcapPairCorr
  0.94DNLAX Dreyfus Natural ResourcesPairCorr
  0.93RUDAX Dreyfusthe Boston PanyPairCorr
  0.96DPLTX Dreyfus High YieldPairCorr
  0.93BYSYX Bny Mellon ShortPairCorr
  0.93BYSIX Bny Mellon ShortPairCorr
  0.93BYSAX Bny Mellon ShortPairCorr
  0.93AVGCX Dynamic Total ReturnPairCorr
  0.94AVGAX 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 International 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 International'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  0.19  0.01 (0.45)(10.51) 0.16 
(0.21)
 0.37 
(0.36)
 1.20 
DHGAX  0.19  0.01 (0.45)(5.21) 0.14 
(0.22)
 0.35 
(0.35)
 1.21 
DHMBX  0.23 (0.03) 0.00 (0.36) 0.00 
 0.00 
 0.49 
(0.49)
 1.66 
DHYCX  0.24  0.01 (0.38) 0.01  0.28 
(0.31)
 0.59 
(0.48)
 2.17 
DHYAX  0.24  0.01 (0.34)(0.02) 0.27 
(0.34)
 0.58 
(0.49)
 2.27 
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  0.01 (0.22) 0.34  0.44 
(0.43)
 0.78 
(0.62)
 2.59 
DIECX  0.48  0.21  0.10 (1.96) 0.20 
(0.54)
 1.34 
(0.98)
 2.91 
DIEAX  0.49  0.21  0.10 (1.98) 0.19 
(0.54)
 1.33 
(0.98)
 2.92 

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