Dreyfus Diversified Correlations
| DFPCXDelisted Fund | USD 10.31 0.00 0.00% |
The current 90-days correlation between Dreyfus Diversified and Atac Inflation Rotation is -0.22 (i.e., Very good diversification). The correlation of Dreyfus Diversified 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 Diversified Correlation With Market
Good diversification
The correlation between Dreyfus Diversified Internatio and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus Diversified Internatio and DJI in the same portfolio, assuming nothing else is changed.
Dreyfus |
Moving against Dreyfus Mutual Fund
| 0.75 | VTIAX | Vanguard Total Inter | PairCorr |
| 0.74 | VGTSX | Vanguard Total Inter | PairCorr |
| 0.71 | VTSNX | Vanguard Total Inter | PairCorr |
| 0.71 | VTPSX | Vanguard Total Inter | PairCorr |
| 0.71 | VTISX | Vanguard Total Inter | PairCorr |
| 0.7 | VTMGX | Vanguard Developed | PairCorr |
| 0.7 | VDVIX | Vanguard Developed | PairCorr |
| 0.7 | VTMNX | Vanguard Developed | PairCorr |
| 0.7 | VDIPX | Vanguard Developed | PairCorr |
| 0.69 | FSPSX | Fidelity International | PairCorr |
| 0.68 | TCSUX | Cleartrack 2020 Class | PairCorr |
| 0.65 | TCTGX | Transamerica Cleartrack | PairCorr |
| 0.65 | TDKTX | Cleartrack 2015 Class | PairCorr |
| 0.65 | TCTJX | Transamerica Cleartrack | PairCorr |
| 0.37 | PDI | Pimco Dynamic Income | PairCorr |
| 0.79 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.66 | KO | Coca Cola Sell-off Trend | PairCorr |
| 0.61 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.58 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.49 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.48 | IBM | International Business Earnings Call This Week | PairCorr |
| 0.42 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.41 | TRV | The Travelers Companies Sell-off Trend | PairCorr |
| 0.38 | AA | Alcoa Corp | PairCorr |
Related Correlations Analysis
| 0.36 | 0.39 | 0.12 | 0.27 | ATACX | ||
| 0.36 | 0.53 | -0.06 | 0.9 | MFTFX | ||
| 0.39 | 0.53 | 0.48 | 0.4 | APISX | ||
| 0.12 | -0.06 | 0.48 | -0.35 | ABNYX | ||
| 0.27 | 0.9 | 0.4 | -0.35 | QMHIX | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Dreyfus Mutual Fund performing well and Dreyfus Diversified 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 Diversified'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ATACX | 0.96 | 0.06 | 0.04 | 0.16 | 1.09 | 2.15 | 10.18 | |||
| MFTFX | 0.99 | 0.05 | 0.01 | (0.49) | 1.38 | 1.70 | 5.15 | |||
| APISX | 0.09 | (0.01) | (0.21) | (0.29) | 0.08 | 0.20 | 0.68 | |||
| ABNYX | 0.16 | (0.02) | 0.00 | (6.40) | 0.00 | 0.19 | 0.87 | |||
| QMHIX | 0.62 | 0.07 | 0.05 | (0.75) | 0.86 | 1.30 | 3.92 |
Dreyfus Diversified Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Dreyfus Diversified mutual fund to make a market-neutral strategy. Peer analysis of Dreyfus Diversified could also be used in its relative valuation, which is a method of valuing Dreyfus Diversified by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Dreyfus Diversified International?
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