Dreyfus Large Correlations

Mutual Funds . USA . 
Fund . Dreyfus Large Cap
DLQIX Fund  USD 16.01  0.12  0.76%   
The current 90-days correlation between Dreyfus Large Cap and Aqr Diversified Arbitrage is 0.1 (i.e., Average diversification). The correlation of Dreyfus Large 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 Large Correlation With Market

Good diversification

The correlation between Dreyfus Large Cap and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus Large Cap 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 Large Cap. 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 gross domestic product.

Moving together with Dreyfus Mutual Fund

  0.98SSETX Dreyfusthe Boston PanyPairCorr
  0.62DIEYX Dreyfus InternationalPairCorr
  0.96DIERX Dreyfus InternationalPairCorr
  0.95DIMIX Dreyfus Short IntermPairCorr
  0.61DINIX Dreyfus InternationalPairCorr
  0.91DISRX International StockPairCorr
  0.73SSYGX Dreyfusthe Boston PanyPairCorr
  0.73STSVX Dreyfusthe Boston PanyPairCorr
  0.76DLACX Dreyfus Large CapPairCorr
  0.74SDSCX Dreyfusthe Boston PanyPairCorr
  0.7DLDYX Dreyfus Natural ResourcesPairCorr
  0.7DLDRX Dreyfus Natural ResourcesPairCorr
  0.7DLHRX Dreyfus High YieldPairCorr
  0.67DMCYX Dreyfus OpportunisticPairCorr
  0.98DMIDX Dreyfus Midcap IndexPairCorr
  0.75DMYBX Dreyfus Short IntermPairCorr
  0.69DNLYX Dreyfus Active MidcapPairCorr
  0.69DNLRX Dreyfus Active MidcapPairCorr
  0.98DOPIX Dreyfus OpportunisticPairCorr
  0.75DPRIX Dreyfus Worldwide GrowthPairCorr
  0.87DPWRX Dreyfus Worldwide GrowthPairCorr
  0.68DQEIX Dreyfus Global EquityPairCorr
  0.94AVGYX Dynamic Total ReturnPairCorr
  0.82AVGRX Dynamic Total ReturnPairCorr
  0.76DQIYX Dreyfus Equity IncomePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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