Dreyfus Global Correlations

DRRIX Fund

USD 16.17 0.11 0.68%

The current 90-days correlation between Dreyfus Global Real and Fidelity Flex Servative is -0.13 (i.e., Good 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 weak diversification

The correlation between Dreyfus Global Real and DJI is 0.42 (i.e., Very weak 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.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dreyfus Global Real. 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

0.67	PMPIX	Precious Metals Ultr Steady Growth	Pair Corr
0.67	PMPSX	Precious Metals Ultr Steady Growth	Pair Corr
0.63	FRGOX	Franklin Gold Precious	Pair Corr
0.63	FKRCX	Franklin Gold Precious Steady Growth	Pair Corr
0.61	IBM	International Business	Pair Corr

Moving against Dreyfus Mutual Fund

0.59	MCD	McDonalds	Pair Corr
0.44	HPQ	HP Inc	Pair Corr
0.42	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	FUEMX	DMBAX	CMGUX	QNZIX	TEPFX	BXDCX	ATOAX	ASTIX
FUEMX		0.98	0.99	0.92	0.97	0.96	1.0	0.94	FUEMX
DMBAX	0.98		0.98	0.93	0.99	0.98	0.98	0.95	DMBAX
CMGUX	0.99	0.98		0.92	0.97	0.97	0.98	0.94	CMGUX
QNZIX	0.92	0.93	0.92		0.95	0.91	0.91	0.95	QNZIX
TEPFX	0.97	0.99	0.97	0.95		0.97	0.96	0.96	TEPFX
BXDCX	0.96	0.98	0.97	0.91	0.97		0.96	0.91	BXDCX
ATOAX	1.0	0.98	0.98	0.91	0.96	0.96		0.93	ATOAX
ASTIX	0.94	0.95	0.94	0.95	0.96	0.91	0.93		ASTIX
	FUEMX	DMBAX	CMGUX	QNZIX	TEPFX	BXDCX	ATOAX	ASTIX

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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
FUEMX	0.04	0.01	0.00	6.11	0.00	0.00	0.10	0.00	0.50
DMBAX	0.05	0.00	(1.86)	0.00	0.00	(0.10)	0.16	(0.08)	0.32
CMGUX	0.05	0.01	0.00	(4.58)	0.00	0.00	0.11	0.00	0.55
QNZIX	0.45	0.07	(0.12)	0.44	0.28	(0.53)	0.96	(0.78)	2.56
TEPFX	0.07	0.02	(1.17)	0.92	0.00	(0.12)	0.11	(0.10)	0.32
BXDCX	0.08	0.02	(1.33)	2.91	0.00	(0.16)	0.22	(0.11)	0.76
ATOAX	0.02	0.00	0.00	0.48	0.00	0.00	0.00	0.00	0.30
ASTIX	0.33	0.15	(0.16)	(1.26)	0.16	(0.40)	0.87	(0.46)	2.70

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