Dynamic Total Correlations

AVGAX Fund  USD 15.07  0.03  0.20%   
The correlation of Dynamic Total 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.

Dynamic Total Correlation With Market

Very weak diversification

The correlation between Dynamic Total Return 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 Dynamic Total Return and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Dynamic Total Return. 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 nation.

Moving together with Dynamic Mutual Fund

  0.75DISSX Dreyfus Smallcap StockPairCorr
  0.75DISIX Dreyfus Smallcap StockPairCorr
  0.77THPBX Dreyfus Balanced OppPairCorr
  0.71DLQAX Dreyfus Large CapPairCorr
  0.73DMCVX Dreyfus OpportunisticPairCorr
  0.75DNLDX Dreyfus Active MidcapPairCorr
  0.75DNLCX Dreyfus Active MidcapPairCorr
  0.72RUDAX Dreyfusthe Boston PanyPairCorr
  0.64DPLTX Dreyfus High YieldPairCorr
  0.64DPTAX Dreyfus Tax ManagedPairCorr
  1.0AVGCX Dynamic Total ReturnPairCorr
  0.67DQICX Dreyfus Equity IncomePairCorr

Moving against Dynamic Mutual Fund

  0.52DIECX Dreyfus InternationalPairCorr
  0.52DISCX International StockPairCorr
  0.51DIEAX Dreyfus InternationalPairCorr
  0.51DISAX International StockPairCorr
  0.47DIBCX Dreyfus InternationalPairCorr
  0.46DIBAX Dreyfus InternationalPairCorr
  0.45DIISX Dreyfus InternationalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Dynamic Mutual Fund performing well and Dynamic Total 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 Dynamic Total'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
DHGCX  0.15 (0.02) 0.00 (0.40) 0.00 
 0.30 
 0.96 
DHGAX  0.16 (0.02) 0.00 (0.33) 0.00 
 0.30 
 0.98 
DHMBX  0.21  0.02 (0.20)(0.02) 0.35 
 0.46 
 2.09 
DHYCX  0.20 (0.01)(0.22)(0.10) 0.35 
 0.54 
 2.18 
DHYAX  0.21 (0.01)(0.23)(0.05) 0.37 
 0.45 
 2.18 
DZNJX  0.15  0.02 (0.31)(0.03) 0.22 
 0.34 
 1.53 
DIBCX  0.33 (0.09) 0.00 (1.05) 0.00 
 0.59 
 2.42 
DIBAX  0.33 (0.09) 0.00 (0.91) 0.00 
 0.61 
 2.43 
DIECX  0.65 (0.09) 0.00  1.52  0.00 
 1.09 
 3.76 
DIEAX  0.65 (0.08) 0.00  1.53  0.00 
 1.06 
 3.75