Dreyfus/the Boston Correlations

Mutual Funds . USA . 
Fund . Dreyfusthe Boston Pany
STSVX Fund  USD 19.28  0.04  0.21%   
The current 90-days correlation between Dreyfusthe Boston Pany and Dreyfus High Yield is -0.01 (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

Good diversification

The correlation between Dreyfusthe Boston Pany and DJI is -0.17 (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 real.

Moving together with Dreyfus/the Mutual Fund

  0.95SSETX Dreyfusthe Boston PanyPairCorr
  0.74DIEYX Dreyfus InternationalPairCorr
  0.92DIERX Dreyfus InternationalPairCorr
  0.95DIMIX Dreyfus Short IntermPairCorr
  0.73DINIX Dreyfus InternationalPairCorr
  0.89DISRX International StockPairCorr
  0.71DISYX International StockPairCorr
  0.72SSYGX Dreyfusthe Boston PanyPairCorr
  0.73DLACX Dreyfus Large CapPairCorr
  0.96SDSCX Dreyfusthe Boston PanyPairCorr
  0.75DLDYX Dreyfus Natural ResourcesPairCorr
  0.75DLDRX Dreyfus Natural ResourcesPairCorr
  0.96DLHRX Dreyfus High YieldPairCorr
  0.97DLQIX Dreyfus Large CapPairCorr
  0.94DMCYX Dreyfus OpportunisticPairCorr
  0.97DMIDX Dreyfus Midcap IndexPairCorr
  0.95DMYBX Dreyfus Short IntermPairCorr
  0.72DNLYX Dreyfus Active MidcapPairCorr
  0.96DNLRX Dreyfus Active MidcapPairCorr
  0.98DOPIX Dreyfus OpportunisticPairCorr
  0.96DPRIX Dreyfus Worldwide GrowthPairCorr
  0.96DPWRX Dreyfus Worldwide GrowthPairCorr
  0.75DQEIX Dreyfus Global EquityPairCorr
  0.94AVGYX Dynamic Total ReturnPairCorr
  0.94AVGRX Dynamic Total ReturnPairCorr
  0.73DQIYX Dreyfus Equity IncomePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Dreyfus/the Mutual Fund performing well and Dreyfus/the 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 Dreyfus/the 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
DHYYX  0.21 (0.03) 0.00 (0.13) 0.00 
 0.00 
 0.58 
(0.49)
 1.66 
SSETX  0.85  0.10  0.08  0.22  0.89 
(0.84)
 2.31 
(1.54)
 6.06 
DIBRX  0.36 (0.02) 0.00 (0.43) 0.00 
 0.00 
 0.69 
(0.60)
 2.37 
DIBYX  0.36 (0.02) 0.00 (0.71) 0.00 
 0.00 
 0.68 
(0.60)
 2.28 
DIEYX  0.44  0.17  0.05 (1.72) 0.28 
(0.49)
 1.17 
(1.01)
 2.92 
DIERX  0.47  0.13  0.07  0.53  0.23 
(0.52)
 1.23 
(1.01)
 2.92 
DIMIX  0.05  0.02  0.00  2.05  0.00 
 0.00 
 0.08 
(0.08)
 0.39 
DINIX  0.51  0.18  0.06 (1.35) 0.34 
(0.61)
 1.31 
(1.05)
 3.25 
DISRX  0.62  0.06  0.00  0.25  0.53 
(0.72)
 1.27 
(1.19)
 3.70 
DISYX  0.60  0.14  0.02  3.77  0.48 
(0.72)
 1.28 
(1.20)
 3.66 

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