Dreyfus International Correlations

DIERX Fund

USD 43.89 0.09 0.21%

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 -0.15 (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 metropolitan statistical area.

Moving together with Dreyfus Mutual Fund

0.83	SSETX	Dreyfusthe Boston Pany	Pair Corr
0.73	DIEYX	Dreyfus International	Pair Corr
0.93	DIMIX	Dreyfus Short Interm	Pair Corr
0.71	DINIX	Dreyfus International	Pair Corr
0.94	DISRX	International Stock	Pair Corr
0.67	DISYX	International Stock	Pair Corr
0.79	SSYGX	Dreyfusthe Boston Pany	Pair Corr
0.74	STSVX	Dreyfusthe Boston Pany	Pair Corr
0.81	DLACX	Dreyfus Large Cap	Pair Corr
0.79	SDSCX	Dreyfusthe Boston Pany	Pair Corr
0.73	DLDYX	Dreyfus Natural Resources	Pair Corr
0.73	DLDRX	Dreyfus Natural Resources	Pair Corr
0.75	DLHRX	Dreyfus High Yield	Pair Corr
0.8	DLQIX	Dreyfus Large Cap	Pair Corr
0.73	DMCYX	Dreyfus Opportunistic	Pair Corr
0.91	DMIDX	Dreyfus Midcap Index	Pair Corr
0.77	DMYBX	Dreyfus Short Interm	Pair Corr
0.73	DNLYX	Dreyfus Active Midcap	Pair Corr
0.73	DNLRX	Dreyfus Active Midcap	Pair Corr
0.76	DOPIX	Dreyfus Opportunistic	Pair Corr
0.8	DPRIX	Dreyfus Worldwide Growth	Pair Corr
0.97	DPWRX	Dreyfus Worldwide Growth	Pair Corr
0.76	DQEIX	Dreyfus Global Equity	Pair Corr
0.81	AVGYX	Dynamic Total Return	Pair Corr
0.93	AVGRX	Dynamic Total Return	Pair Corr
0.8	DQIYX	Dreyfus Equity Income	Pair Corr

Related Correlations Analysis

	AEYXX	STPXX	IVMXX	STSEX	PMTXX	TIMTX	FMFXX
AEYXX		0.0	0.0	0.0	0.0	0.0	0.0	AEYXX
STPXX	0.0		0.94	0.77	0.88	0.78	0.94	STPXX
IVMXX	0.0	0.94		0.79	0.83	0.79	1.0	IVMXX
STSEX	0.0	0.77	0.79		0.72	0.82	0.79	STSEX
PMTXX	0.0	0.88	0.83	0.72		0.74	0.83	PMTXX
TIMTX	0.0	0.78	0.79	0.82	0.74		0.79	TIMTX
FMFXX	0.0	0.94	1.0	0.79	0.83	0.79		FMFXX
	AEYXX	STPXX	IVMXX	STSEX	PMTXX	TIMTX	FMFXX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FMFXX	+ 1.0	IVMXX
IVMXX	+ 0.94	STPXX
FMFXX	+ 0.94	STPXX
PMTXX	+ 0.88	STPXX
PMTXX	+ 0.83	IVMXX
FMFXX	+ 0.83	PMTXX

High negative correlations

FMFXX	- 0.0	AEYXX
TIMTX	- 0.0	AEYXX
PMTXX	- 0.0	AEYXX
STSEX	- 0.0	AEYXX
IVMXX	- 0.0	AEYXX
STPXX	- 0.0	AEYXX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AEYXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
STPXX	0.03	0.00	0.00	0.49	0.00	0.00	0.00	0.00	1.01
IVMXX	0.03	0.00	0.00	1.43	0.00	0.00	0.00	0.00	1.01
STSEX	0.57	0.07	0.04	0.22	0.45	(0.62)	1.60	(0.93)	3.33
PMTXX	0.03	0.01	0.00	(3.32)	0.00	0.00	0.00	0.00	1.01
TIMTX	0.14	0.00	(0.57)	0.02	0.13	(0.18)	0.29	(0.29)	0.97
FMFXX	0.03	0.00	0.00	1.43	0.00	0.00	0.00	0.00	1.01

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