Bny Mellon Correlations

Mutual Funds . USA . 
Fund . Bny Mellon Insight
DCPCX Fund  USD 9.13  0.02  0.22%   
The current 90-days correlation between Bny Mellon Insight and Dreyfusstandish Global Fixed is 0.1 (i.e., Average diversification). The correlation of Bny Mellon 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.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Bny Mellon Insight. 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 main economic indicators.

Moving together with Bny Mutual Fund

  0.7DHGCX Dreyfusstandish GlobalPairCorr
  0.65DHGAX Dreyfusstandish GlobalPairCorr
  0.85DHMBX Dreyfus High YieldPairCorr
  0.87DHYCX Dreyfus High YieldPairCorr
  0.85DHYAX Dreyfus High YieldPairCorr
  0.76DZNJX Dreyfus New JerseyPairCorr
  0.85DIBCX Dreyfus InternationalPairCorr
  0.86DIBAX Dreyfus InternationalPairCorr
  0.8DISSX Dreyfus Smallcap StockPairCorr
  0.8DISIX Dreyfus Smallcap StockPairCorr
  0.74DISCX International StockPairCorr
  0.72DISAX International StockPairCorr
  0.73DITEX Dreyfus IntermediatePairCorr
  0.81PGROX Dreyfus Worldwide GrowthPairCorr
  0.82PGRCX Dreyfus Worldwide GrowthPairCorr
  0.81THPBX Dreyfus Balanced OppPairCorr
  0.77DLQAX Dreyfus Large CapPairCorr
  0.84DMBCX Dreyfus Municipal BondPairCorr
  0.8DMBZX Dreyfus Municipal BondPairCorr
  0.66DMCVX Dreyfus OpportunisticPairCorr
  0.78DMUAX Dreyfus Amt FreePairCorr
  0.78DNLDX Dreyfus Active MidcapPairCorr
  0.79DNLCX Dreyfus Active MidcapPairCorr
  0.79DNYAX DnyaxPairCorr
  0.84RUDAX Dreyfusthe Boston PanyPairCorr
  0.82PNYCX Dreyfus New YorkPairCorr
  0.67DQICX Dreyfus Equity IncomePairCorr
  0.78DRCAX Dreyfus California AmtPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Bny Mutual Fund performing well and Bny Mellon 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 Bny Mellon'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 (0.01)(0.50)(0.06) 0.14 
(0.21)
 0.36 
(0.26)
 0.94 
DHGAX  0.15 (0.01)(0.51)(0.01) 0.12 
(0.21)
 0.35 
(0.25)
 0.96 
DHMBX  0.26 (0.01)(0.15)(0.01) 0.42 
(0.29)
 0.55 
(0.64)
 2.21 
DHYCX  0.27 (0.01)(0.17)(0.08) 0.44 
(0.29)
 0.55 
(0.64)
 2.19 
DHYAX  0.27 (0.01)(0.16)(0.01) 0.42 
(0.30)
 0.55 
(0.64)
 2.20 
DZNJX  0.20  0.00 (0.21) 0.07  0.28 
(0.23)
 0.43 
(0.43)
 1.62 
DIBCX  0.33 (0.06) 0.00 (0.41) 0.00 
 0.00 
 0.72 
(0.53)
 1.98 
DIBAX  0.32 (0.06) 0.00 (0.34) 0.00 
 0.00 
 0.68 
(0.59)
 1.81 
DIECX  0.59 (0.03)(0.12)(0.02) 0.81 
(0.57)
 1.23 
(1.43)
 3.49 
DIEAX  0.58 (0.03)(0.11)(0.01) 0.80 
(0.57)
 1.21 
(1.43)
 3.47 

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