Dreyfus International Correlations

Mutual Funds . USA . 
Fund . Dreyfus International Equity
DIEYX Fund  USD 43.87  0.09  0.21%   
The current 90-days correlation between Dreyfus International and Siit High Yield is 0.35 (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

Very weak diversification

The correlation between Dreyfus International Equity and DJI is 0.5 (i.e., Very weak 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 manufacturing.

Moving together with Dreyfus Mutual Fund

  0.73DIERX Dreyfus InternationalPairCorr
  0.61DIMIX Dreyfus Short IntermPairCorr
  0.98DINIX Dreyfus InternationalPairCorr
  0.69DISRX International StockPairCorr
  0.96DISYX International StockPairCorr
  0.96SSYGX Dreyfusthe Boston PanyPairCorr
  0.92STSVX Dreyfusthe Boston PanyPairCorr
  0.95DLACX Dreyfus Large CapPairCorr
  0.96SDSCX Dreyfusthe Boston PanyPairCorr
  0.94DLDYX Dreyfus Natural ResourcesPairCorr
  0.94DLDRX Dreyfus Natural ResourcesPairCorr
  0.96DLHRX Dreyfus High YieldPairCorr
  0.96DLQIX Dreyfus Large CapPairCorr
  0.96DMCYX Dreyfus OpportunisticPairCorr
  0.92DMYBX Dreyfus Short IntermPairCorr
  0.95DNLYX Dreyfus Active MidcapPairCorr
  0.95DNLRX Dreyfus Active MidcapPairCorr
  0.97DPRIX Dreyfus Worldwide GrowthPairCorr
  0.67DPWRX Dreyfus Worldwide GrowthPairCorr
  0.97DQEIX Dreyfus Global EquityPairCorr
  0.63AVGRX Dynamic Total ReturnPairCorr
  0.96DQIYX Dreyfus Equity IncomePairCorr

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.

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