Dreyfus Floating Correlations

DFLAX Fund

USD 10.72 0.01 0.09%

The current 90-days correlation between Dreyfus Floating Rate and Rbc Emerging Markets is 0.03 (i.e., Significant diversification). The correlation of Dreyfus Floating 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 Floating Correlation With Market

Average diversification

The correlation between Dreyfus Floating Rate and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus Floating Rate 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 Floating Rate. 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 against Dreyfus Mutual Fund

0.47	DHGCX	Dreyfusstandish Global	Pair Corr
0.44	DHGAX	Dreyfusstandish Global	Pair Corr
0.33	DHMBX	Dreyfus High Yield	Pair Corr
0.33	DHYCX	Dreyfus High Yield	Pair Corr
0.31	DHYAX	Dreyfus High Yield	Pair Corr
0.39	PNYCX	Dreyfus New York	Pair Corr
0.38	DNYAX	Dnyax	Pair Corr
0.33	DMUCX	Dreyfus Amt Free	Pair Corr
0.31	DMBCX	Dreyfus Municipal Bond	Pair Corr
0.31	DMBZX	Dreyfus Municipal Bond	Pair Corr

Related Correlations Analysis

	DBELX	EMSLX	TEOJX	RECIX	SPMIX	REMVX
DBELX		0.92	0.98	0.95	0.88	0.98	DBELX
EMSLX	0.92		0.93	0.91	0.96	0.91	EMSLX
TEOJX	0.98	0.93		0.97	0.9	0.99	TEOJX
RECIX	0.95	0.91	0.97		0.89	0.97	RECIX
SPMIX	0.88	0.96	0.9	0.89		0.89	SPMIX
REMVX	0.98	0.91	0.99	0.97	0.89		REMVX
	DBELX	EMSLX	TEOJX	RECIX	SPMIX	REMVX

Risk-Adjusted Indicators

There is a big difference between Dreyfus Mutual Fund performing well and Dreyfus Floating 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 Floating'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
DBELX	0.23	0.08	0.02	0.57	0.00	(0.30)	0.61	(0.31)	2.02
EMSLX	0.92	0.54	0.55	1.08	0.00	(1.09)	2.05	(1.11)	19.48
TEOJX	0.66	0.25	0.24	0.50	0.39	(0.79)	1.62	(1.26)	4.27
RECIX	0.86	0.45	0.51	0.68	0.00	(1.10)	2.24	(1.28)	11.71
SPMIX	0.75	0.17	0.22	0.24	0.38	(0.89)	1.81	(1.32)	7.28
REMVX	0.63	0.30	0.44	0.62	0.00	(0.87)	1.70	(0.76)	3.28

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

2026 Macroaxis LLC

Dreyfus Floating Correlations

Dreyfus Floating Correlation With Market

Average diversification

Moving against Dreyfus Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY