Dreyfus Equity Correlations
DQIYX Fund | USD 33.69 0.29 0.87% |
The current 90-days correlation between Dreyfus Equity Income and California Municipal Portfolio is 0.28 (i.e., Modest diversification). The correlation of Dreyfus Equity 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 Equity Correlation With Market
Almost no diversification
The correlation between Dreyfus Equity Income and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus Equity Income and DJI in the same portfolio, assuming nothing else is changed.
Dreyfus |
Moving together with Dreyfus Mutual Fund
1.0 | DLQIX | Dreyfus Large Cap | PairCorr |
0.99 | DPWRX | Dreyfus Worldwide Growth | PairCorr |
0.99 | DTEYX | Dreyfus Technology Growth | PairCorr |
0.95 | DGLRX | Global Stock | PairCorr |
0.98 | VVIAX | Vanguard Value Index | PairCorr |
0.99 | DOXGX | Dodge Cox Stock | PairCorr |
0.98 | AMFFX | American Mutual | PairCorr |
0.99 | DODGX | Dodge Stock Fund | PairCorr |
1.0 | DXQLX | Direxion Monthly Nasdaq | PairCorr |
0.99 | RYVLX | Nasdaq 100 2x | PairCorr |
0.99 | RYVYX | Nasdaq 100 2x | PairCorr |
1.0 | RYCCX | Nasdaq 100 2x | PairCorr |
1.0 | UOPSX | Ultranasdaq 100 Profund | PairCorr |
0.61 | INPIX | Internet Ultrasector | PairCorr |
0.62 | INPSX | Internet Ultrasector | PairCorr |
0.73 | BIPIX | Biotechnology Ultrasector | PairCorr |
0.97 | CRF | Cornerstone Strategic | PairCorr |
0.63 | HMDYX | Hartford Midcap | PairCorr |
0.65 | ITYAX | Invesco Technology | PairCorr |
Related Correlations Analysis
0.46 | 0.68 | 0.34 | 0.64 | 0.83 | SNCAX | ||
0.46 | 0.91 | 0.87 | 0.51 | 0.42 | PRINX | ||
0.68 | 0.91 | 0.76 | 0.73 | 0.61 | PRFHX | ||
0.34 | 0.87 | 0.76 | 0.32 | 0.36 | MDMTX | ||
0.64 | 0.51 | 0.73 | 0.32 | 0.44 | INGXX | ||
0.83 | 0.42 | 0.61 | 0.36 | 0.44 | ANAGX | ||
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Risk-Adjusted Indicators
There is a big difference between Dreyfus Mutual Fund performing well and Dreyfus Equity 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 Equity'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
SNCAX | 0.09 | 0.00 | (1.17) | 0.19 | 0.00 | 0.22 | 0.52 | |||
PRINX | 0.18 | (0.01) | 0.00 | 1.87 | 0.00 | 0.38 | 0.93 | |||
PRFHX | 0.19 | 0.00 | (0.72) | 0.39 | 0.22 | 0.47 | 1.04 | |||
MDMTX | 0.16 | (0.03) | 0.00 | (0.42) | 0.00 | 0.40 | 1.40 | |||
INGXX | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | |||
ANAGX | 0.16 | 0.02 | (0.84) | (2.98) | 0.07 | 0.29 | 0.73 |