Dreyfusthe Boston Correlations

SSETX Fund

USD 39.97 0.25 0.63%

The current 90-days correlation between Dreyfusthe Boston Pany and Nuveen Small Cap is 0.98 (i.e., Almost no diversification). The correlation of Dreyfusthe 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.

Dreyfusthe Boston Correlation With Market

Good diversification

The correlation between Dreyfusthe Boston Pany and DJI is -0.15 (i.e., Good 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 Dreyfusthe Mutual Fund

0.79	DISRX	International Stock	Pair Corr
0.79	DISYX	International Stock	Pair Corr
0.93	SSYGX	Dreyfusthe Boston Pany	Pair Corr
0.94	STSVX	Dreyfusthe Boston Pany	Pair Corr
0.88	DLACX	Dreyfus Large Cap	Pair Corr
0.91	SDSCX	Dreyfusthe Boston Pany	Pair Corr
0.76	DLDYX	Dreyfus Natural Resources	Pair Corr
0.76	DLDRX	Dreyfus Natural Resources	Pair Corr
0.7	DLHRX	Dreyfus High Yield	Pair Corr
0.88	DLQIX	Dreyfus Large Cap	Pair Corr
0.87	DMCYX	Dreyfus Opportunistic	Pair Corr
0.88	DMIDX	Dreyfus Midcap Index	Pair Corr
0.61	DNJYX	Dreyfus New Jersey	Pair Corr
0.87	DNLYX	Dreyfus Active Midcap	Pair Corr
0.84	DNLRX	Dreyfus Active Midcap	Pair Corr
0.61	DNYIX	Dreyfus New York	Pair Corr
0.61	DNYYX	Dreyfus New York	Pair Corr
0.89	DOPIX	Dreyfus Opportunistic	Pair Corr
0.88	DPRIX	Dreyfus Worldwide Growth	Pair Corr
0.68	DPTRX	Dreyfus Tax Managed	Pair Corr
0.88	DPWRX	Dreyfus Worldwide Growth	Pair Corr
0.79	AVGYX	Dynamic Total Return	Pair Corr
0.78	AVGRX	Dynamic Total Return	Pair Corr
0.88	DQIYX	Dreyfus Equity Income	Pair Corr

Moving against Dreyfusthe Mutual Fund

0.37	DIBRX	Dreyfus International	Pair Corr
0.36	DIBYX	Dreyfus International	Pair Corr

Related Correlations Analysis

	FIMPX	SDSCX	NBMIX	PKSFX	STSIX
FIMPX		0.92	0.92	0.95	0.91	FIMPX
SDSCX	0.92		0.99	0.83	0.99	SDSCX
NBMIX	0.92	0.99		0.82	0.98	NBMIX
PKSFX	0.95	0.83	0.82		0.83	PKSFX
STSIX	0.91	0.99	0.98	0.83		STSIX
	FIMPX	SDSCX	NBMIX	PKSFX	STSIX

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Risk-Adjusted Indicators

There is a big difference between Dreyfusthe Mutual Fund performing well and Dreyfusthe Boston 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 Dreyfusthe Boston'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
FIMPX	1.52	(0.09)	0.76	2.72	(3.55)	12.93
SDSCX	1.67	(0.03)	(0.11)	2.91	(3.58)	13.28
NBMIX	1.47	(0.04)	(0.12)	2.55	(3.52)	11.65
PKSFX	1.13	(0.03)	0.43	2.46	(2.13)	10.13
STSIX	1.49	0.01	(0.08)	2.93	(2.88)	13.40

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