Dynamic Total Correlations

AVGAX Fund

USD 13.52 0.17 1.24%

The current 90-days correlation between Dynamic Total Return and Dreyfusstandish Global Fixed is 0.18 (i.e., Average diversification). 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

Significant diversification

The correlation between Dynamic Total Return and DJI is 0.01 (i.e., Significant 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

0.7	DISSX	Dreyfus Smallcap Stock	Pair Corr
0.83	DISIX	Dreyfus Smallcap Stock	Pair Corr
0.62	PGROX	Dreyfus Worldwide Growth	Pair Corr
0.7	PGRCX	Dreyfus Worldwide Growth	Pair Corr
0.8	THPBX	Dreyfus Balanced Opp	Pair Corr
0.71	DLDCX	Dreyfus Natural Resources	Pair Corr
0.79	DLQAX	Dreyfus Large Cap	Pair Corr
0.8	DMCVX	Dreyfus Opportunistic	Pair Corr
0.83	DNLDX	Dreyfus Active Midcap	Pair Corr
0.83	DNLCX	Dreyfus Active Midcap	Pair Corr
0.66	DNLAX	Dreyfus Natural Resources	Pair Corr
0.83	RUDAX	Dreyfusthe Boston Pany	Pair Corr
0.93	AVGCX	Dynamic Total Return	Pair Corr

Moving against Dynamic Mutual Fund

0.59	DIEAX	Dreyfus International	Pair Corr
0.57	DIECX	Dreyfus International	Pair Corr
0.5	DIBCX	Dreyfus International	Pair Corr
0.5	DIBAX	Dreyfus International	Pair Corr
0.44	DIISX	Dreyfus International	Pair Corr
0.6	BYSYX	Bny Mellon Short	Pair Corr
0.58	BYSIX	Bny Mellon Short	Pair Corr
0.55	BYSAX	Bny Mellon Short	Pair Corr
0.34	DMBAX	Dreyfus Short Interm	Pair Corr

Related Correlations Analysis

	DHGCX	DHGAX	DHMBX	DHYCX	DHYAX	DZNJX	DIBCX	DIBAX	DIECX	DIEAX
DHGCX		0.92	0.6	0.57	0.6	0.44	0.84	0.8	0.64	0.7	DHGCX
DHGAX	0.92		0.59	0.57	0.6	0.6	0.82	0.84	0.68	0.74	DHGAX
DHMBX	0.6	0.59		0.99	1.0	0.83	0.35	0.3	0.2	0.18	DHMBX
DHYCX	0.57	0.57	0.99		1.0	0.83	0.32	0.28	0.15	0.21	DHYCX
DHYAX	0.6	0.6	1.0	1.0		0.83	0.36	0.31	0.19	0.23	DHYAX
DZNJX	0.44	0.6	0.83	0.83	0.83		0.25	0.29	0.15	0.17	DZNJX
DIBCX	0.84	0.82	0.35	0.32	0.36	0.25		0.95	0.87	0.93	DIBCX
DIBAX	0.8	0.84	0.3	0.28	0.31	0.29	0.95		0.86	0.92	DIBAX
DIECX	0.64	0.68	0.2	0.15	0.19	0.15	0.87	0.86		0.86	DIECX
DIEAX	0.7	0.74	0.18	0.21	0.23	0.17	0.93	0.92	0.86		DIEAX
	DHGCX	DHGAX	DHMBX	DHYCX	DHYAX	DZNJX	DIBCX	DIBAX	DIECX	DIEAX

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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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DHGCX	0.18	0.01	0.41	3.30	0.16	(0.22)	0.37	(0.31)	1.46
DHGAX	0.18	0.01	0.39	(1.61)	0.17	(0.21)	0.40	(0.30)	1.50
DHMBX	0.27	(0.02)	0.00	0.78	0.00	0.00	0.47	(0.64)	1.56
DHYCX	0.26	(0.03)	0.00	(0.81)	0.00	0.00	0.55	(0.64)	1.48
DHYAX	0.27	(0.03)	0.00	(1.19)	0.00	0.00	0.47	(0.64)	1.56
DZNJX	0.20	(0.01)	0.00	0.49	0.00	0.00	0.35	(0.51)	1.11
DIBCX	0.31	0.03	0.38	(0.62)	0.21	(0.41)	0.79	(0.53)	1.95
DIBAX	0.31	0.03	0.39	2.88	0.21	(0.41)	0.82	(0.50)	1.91
DIECX	0.65	0.16	0.25	0.33	0.71	(0.69)	1.63	(1.36)	4.88
DIEAX	0.64	0.10	0.26	(0.63)	0.71	(0.69)	1.62	(1.36)	4.88

Trending Assets

DHGCX

Dreyfusstandish Global

19.39 0.04 0.21

DIECX

Dreyfus International

40.25 0.08 0.20

DIEAX

Dreyfus International

38.51 -0.54 -1.38

DIBCX

Dreyfus International

11.58 0.03 0.26

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Dynamic Total Correlations

Dynamic Total Correlation With Market

Significant diversification

Moving together with Dynamic Mutual Fund

Moving against Dynamic Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

Trending Assets

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