Dreyfus Global Correlations

Mutual Funds . USA . 
Fund . Dreyfus Global Equity
DQEIX Fund  USD 12.80  0.03  0.23%   
The current 90-days correlation between Dreyfus Global Equity and Gabelli Gold Fund is 0.09 (i.e., Significant diversification). The correlation of Dreyfus Global 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 Global Correlation With Market

Very poor diversification

The correlation between Dreyfus Global Equity and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus Global 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 Global 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 gross domestic product.

Moving together with Dreyfus Mutual Fund

  0.89SSETX Dreyfusthe Boston PanyPairCorr
  0.95DIEYX Dreyfus InternationalPairCorr
  0.95DIERX Dreyfus InternationalPairCorr
  0.64DIMIX Dreyfus Short IntermPairCorr
  0.92DINIX Dreyfus InternationalPairCorr
  0.93DISRX International StockPairCorr
  0.93DISYX International StockPairCorr
  0.89SSYGX Dreyfusthe Boston PanyPairCorr
  0.93STSVX Dreyfusthe Boston PanyPairCorr
  0.94DLACX Dreyfus Large CapPairCorr
  0.92SDSCX Dreyfusthe Boston PanyPairCorr
  0.91DLDYX Dreyfus Natural ResourcesPairCorr
  0.91DLDRX Dreyfus Natural ResourcesPairCorr
  0.89DLHRX Dreyfus High YieldPairCorr
  0.94DLQIX Dreyfus Large CapPairCorr
  0.93DMCYX Dreyfus OpportunisticPairCorr
  0.96DMIDX Dreyfus Midcap IndexPairCorr
  0.63DMYBX Dreyfus Short IntermPairCorr
  0.94DNLYX Dreyfus Active MidcapPairCorr
  0.91DNLRX Dreyfus Active MidcapPairCorr
  0.96DOPIX Dreyfus OpportunisticPairCorr
  0.95DPRIX Dreyfus Worldwide GrowthPairCorr
  0.95DPWRX Dreyfus Worldwide GrowthPairCorr
  0.87AVGYX Dynamic Total ReturnPairCorr
  0.87AVGRX Dynamic Total ReturnPairCorr
  0.96DQIYX Dreyfus Equity IncomePairCorr
  0.96DQIRX 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 Global 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 Global'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