The Dreyfus Correlations

Mutual Funds . USA . 
Fund . The Dreyfus Sustainable
DRTCX Fund  USD 20.32  0.01  0.05%   
The current 90-days correlation between The Dreyfus Sustainable and Fidelity Large Cap is 0.97 (i.e., Almost no diversification). The correlation of The Dreyfus 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.

The Dreyfus Correlation With Market

Almost no diversification

The correlation between The Dreyfus Sustainable and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Dreyfus Sustainable 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 The Dreyfus Sustainable. 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 main economic indicators.

Moving together with The Mutual Fund

  0.97SSETX Dreyfusthe Boston PanyPairCorr
  0.96DIEYX Dreyfus InternationalPairCorr
  0.96DIERX Dreyfus InternationalPairCorr
  0.95DIMIX Dreyfus Short IntermPairCorr
  0.95DINIX Dreyfus InternationalPairCorr
  0.93DISRX International StockPairCorr
  0.93DISYX International StockPairCorr
  0.98SSYGX Dreyfusthe Boston PanyPairCorr
  0.97STSVX Dreyfusthe Boston PanyPairCorr
  0.99DLACX Dreyfus Large CapPairCorr
  0.99SDSCX Dreyfusthe Boston PanyPairCorr
  0.95DLDYX Dreyfus Natural ResourcesPairCorr
  0.95DLDRX Dreyfus Natural ResourcesPairCorr
  0.98DLHRX Dreyfus High YieldPairCorr
  1.0DLQIX Dreyfus Large CapPairCorr
  0.98DMCYX Dreyfus OpportunisticPairCorr
  0.98DMIDX Dreyfus Midcap IndexPairCorr
  0.94DMYBX Dreyfus Short IntermPairCorr
  0.99DNLYX Dreyfus Active MidcapPairCorr
  0.99DNLRX Dreyfus Active MidcapPairCorr
  0.97DOPIX Dreyfus OpportunisticPairCorr
  1.0DPRIX Dreyfus Worldwide GrowthPairCorr
  1.0DPWRX Dreyfus Worldwide GrowthPairCorr
  0.97DQEIX Dreyfus Global EquityPairCorr
  0.94AVGYX Dynamic Total ReturnPairCorr
  0.94AVGRX Dynamic Total ReturnPairCorr
  1.0DQIYX Dreyfus Equity IncomePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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