Dreyfus Global Correlations
| DRLIX Fund | USD 8.59 0.03 0.35% |
The current 90-days correlation between Dreyfus Global Real and Invesco Global Health is 0.81 (i.e., Very poor 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 Real and DJI is 0.82 (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 Real and DJI in the same portfolio, assuming nothing else is changed.
DREYFUS |
Moving together with DREYFUS Mutual Fund
| 0.87 | SSETX | Dreyfusthe Boston Pany | PairCorr |
| 0.95 | DIEYX | Dreyfus International | PairCorr |
| 0.95 | DIERX | Dreyfus International | PairCorr |
| 0.96 | DINIX | Dreyfus International | PairCorr |
| 0.94 | DISRX | International Stock | PairCorr |
| 0.94 | DISYX | International Stock | PairCorr |
| 0.92 | SSYGX | Dreyfusthe Boston Pany | PairCorr |
| 0.86 | STSVX | Dreyfusthe Boston Pany | PairCorr |
| 0.89 | DLACX | Dreyfus Large Cap | PairCorr |
| 0.91 | SDSCX | Dreyfusthe Boston Pany | PairCorr |
| 0.69 | DLDYX | Dreyfus Natural Resources | PairCorr |
| 0.69 | DLDRX | Dreyfus Natural Resources | PairCorr |
| 0.89 | DLHRX | Dreyfus High Yield | PairCorr |
| 0.89 | DLQIX | Dreyfus Large Cap | PairCorr |
| 0.9 | DMCYX | Dreyfus Opportunistic | PairCorr |
| 0.87 | DMIDX | Dreyfus Midcap Index | PairCorr |
| 0.91 | DNLYX | Dreyfus Active Midcap | PairCorr |
| 0.86 | DNLRX | Dreyfus Active Midcap | PairCorr |
| 0.85 | DOPIX | Dreyfus Opportunistic | PairCorr |
| 0.89 | DPRIX | Dreyfus Worldwide Growth | PairCorr |
| 0.89 | DPWRX | Dreyfus Worldwide Growth | PairCorr |
| 0.89 | DQEIX | Dreyfus Global Equity | PairCorr |
| 0.71 | AVGYX | Dynamic Total Return | PairCorr |
| 0.71 | AVGRX | Dynamic Total Return | PairCorr |
| 0.88 | DQIYX | Dreyfus Equity Income | PairCorr |
Related Correlations Analysis
| 0.92 | 0.81 | 0.9 | 0.88 | 0.8 | 0.73 | GTHCX | ||
| 0.92 | 0.83 | 0.86 | 0.86 | 0.77 | 0.73 | RAGHX | ||
| 0.81 | 0.83 | 0.81 | 0.84 | 0.95 | 0.91 | DLRHX | ||
| 0.9 | 0.86 | 0.81 | 0.98 | 0.85 | 0.86 | FHCCX | ||
| 0.88 | 0.86 | 0.84 | 0.98 | 0.88 | 0.9 | HBGHX | ||
| 0.8 | 0.77 | 0.95 | 0.85 | 0.88 | 0.97 | PRHSX | ||
| 0.73 | 0.73 | 0.91 | 0.86 | 0.9 | 0.97 | HIAHX | ||
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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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GTHCX | 1.01 | (0.05) | (0.04) | (0.01) | 1.57 | 1.66 | 7.55 | |||
| RAGHX | 1.19 | (0.10) | 0.00 | (0.06) | 0.00 | 2.15 | 9.59 | |||
| DLRHX | 1.16 | (0.06) | 0.00 | 0.40 | 0.00 | 1.99 | 8.10 | |||
| FHCCX | 1.13 | (0.08) | 0.00 | (0.04) | 0.00 | 1.99 | 9.25 | |||
| HBGHX | 1.12 | (0.11) | 0.00 | (0.08) | 0.00 | 1.74 | 7.90 | |||
| PRHSX | 1.20 | (0.03) | 0.00 | 0.24 | 0.00 | 2.19 | 9.16 | |||
| HIAHX | 1.12 | (0.07) | 0.00 | 0.55 | 0.00 | 1.82 | 7.96 |