Dreyfus/the Boston Correlations

Mutual Funds . USA . 
Fund . Dreyfusthe Boston Pany
SSETX Fund  USD 42.01  0.40  0.94%   
The current 90-days correlation between Dreyfusthe Boston Pany and Nuveen Small Cap is -0.17 (i.e., Good diversification). The correlation of Dreyfus/the Boston 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/the Boston Correlation With Market

Very poor diversification

The correlation between Dreyfusthe Boston Pany and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfusthe Boston Pany and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Dreyfusthe Boston Pany. 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 estimate.

Moving together with Dreyfus/the Mutual Fund

  0.79DIEYX Dreyfus InternationalPairCorr
  0.96DIERX Dreyfus InternationalPairCorr
  0.95DIMIX Dreyfus Short IntermPairCorr
  0.94DINIX Dreyfus InternationalPairCorr
  0.93DISRX International StockPairCorr
  0.75DISYX International StockPairCorr
  0.76SSYGX Dreyfusthe Boston PanyPairCorr
  0.95STSVX Dreyfusthe Boston PanyPairCorr
  0.97DLACX Dreyfus Large CapPairCorr
  1.0SDSCX Dreyfusthe Boston PanyPairCorr
  0.96DLDYX Dreyfus Natural ResourcesPairCorr
  0.75DLDRX Dreyfus Natural ResourcesPairCorr
  0.98DLHRX Dreyfus High YieldPairCorr
  0.99DLQIX Dreyfus Large CapPairCorr
  0.97DMCYX Dreyfus OpportunisticPairCorr
  0.96DMIDX Dreyfus Midcap IndexPairCorr
  0.94DMYBX Dreyfus Short IntermPairCorr
  0.97DNLYX Dreyfus Active MidcapPairCorr
  0.97DNLRX Dreyfus Active MidcapPairCorr
  0.97DOPIX Dreyfus OpportunisticPairCorr
  0.98DPRIX Dreyfus Worldwide GrowthPairCorr
  0.98DPWRX Dreyfus Worldwide GrowthPairCorr
  0.96DQEIX Dreyfus Global EquityPairCorr
  0.95AVGYX Dynamic Total ReturnPairCorr
  0.95AVGRX Dynamic Total ReturnPairCorr
  0.73DQIYX Dreyfus Equity IncomePairCorr
  0.98DQIRX Dreyfus Equity IncomePairCorr

Related Correlations Analysis

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