Dreyfus Strategic Correlations

DAGVX Fund

USD 46.25 0.49 1.05%

The current 90-days correlation between Dreyfus Strategic Value and Calvert Developed Market is 0.29 (i.e., Modest diversification). The correlation of Dreyfus Strategic 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 Strategic Correlation With Market

Weak diversification

The correlation between Dreyfus Strategic Value and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus Strategic Value and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dreyfus Strategic Value. 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 Mutual Fund

0.69	DISSX	Dreyfus Smallcap Stock	Pair Corr
0.69	DISIX	Dreyfus Smallcap Stock	Pair Corr
0.66	DISAX	International Stock	Pair Corr
0.78	PGRCX	Dreyfus Worldwide Growth	Pair Corr
0.74	THPBX	Dreyfus Balanced Opp	Pair Corr
0.93	DLDCX	Dreyfus Natural Resources	Pair Corr
0.79	DLQAX	Dreyfus Large Cap	Pair Corr
0.9	DMCVX	Dreyfus Opportunistic	Pair Corr
0.82	DNLDX	Dreyfus Active Midcap	Pair Corr
0.82	DNLCX	Dreyfus Active Midcap	Pair Corr
0.95	DNLAX	Dreyfus Natural Resources	Pair Corr
0.74	RUDAX	Dreyfusthe Boston Pany	Pair Corr
0.81	DPTAX	Dreyfus Tax Managed	Pair Corr
0.88	DQICX	Dreyfus Equity Income Potential Growth	Pair Corr
0.84	DQIAX	Dreyfus Equity Income Potential Growth	Pair Corr
0.67	DREVX	Dreyfus Fund	Pair Corr
0.86	DRLAX	Dreyfus Global Real	Pair Corr

Moving against Dreyfus Mutual Fund

0.41

BYSIX

Bny Mellon Short

Pair Corr

Related Correlations Analysis

	CDHIX	IGIEX	RYVYX	SEDAX	CIABX	OWSBX	RBLCX
CDHIX		0.69	0.55	0.92	0.61	0.36	0.87	CDHIX
IGIEX	0.69		0.76	0.79	0.67	0.22	0.84	IGIEX
RYVYX	0.55	0.76		0.55	0.41	0.09	0.78	RYVYX
SEDAX	0.92	0.79	0.55		0.71	0.41	0.86	SEDAX
CIABX	0.61	0.67	0.41	0.71		0.42	0.66	CIABX
OWSBX	0.36	0.22	0.09	0.41	0.42		0.24	OWSBX
RBLCX	0.87	0.84	0.78	0.86	0.66	0.24		RBLCX
	CDHIX	IGIEX	RYVYX	SEDAX	CIABX	OWSBX	RBLCX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Dreyfus Mutual Fund performing well and Dreyfus Strategic 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 Strategic'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
CDHIX	0.58	(0.01)	(0.06)	0.03	0.78	(0.61)	1.20	(1.13)	3.77
IGIEX	0.24	0.00	(0.16)	0.09	0.29	(0.30)	0.48	(0.49)	2.17
RYVYX	1.89	0.10	0.03	0.23	2.63	(1.98)	3.33	(4.83)	12.68
SEDAX	0.27	0.01	(0.15)	0.14	0.26	(0.34)	0.60	(0.47)	2.16
CIABX	0.08	0.00	(0.22)	(0.15)	0.09	(0.24)	0.20	(0.20)	1.00
OWSBX	0.08	0.00	(0.48)	0.31	0.00	(0.14)	0.20	(0.10)	0.50
RBLCX	0.38	0.02	(0.05)	0.15	0.55	(0.39)	0.77	(0.68)	2.90

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC