Dreyfus Global Correlations

Mutual Funds . USA . 
Fund . Dreyfus Global Dynamic
DGDAX Fund  USD 10.57  0.01  0.09%   
The current 90-days correlation between Dreyfus Global Dynamic and Dreyfusstandish Global Fixed is 0.42 (i.e., Very weak diversification). The correlation of Dreyfus Global 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 Global Correlation With Market

Modest diversification

The correlation between Dreyfus Global Dynamic and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus Global Dynamic 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 Global Dynamic. 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 Dreyfus Mutual Fund

  0.79DHGCX Dreyfusstandish GlobalPairCorr
  0.75DHGAX Dreyfusstandish GlobalPairCorr
  0.68DZNJX Dreyfus New JerseyPairCorr
  0.65DITEX Dreyfus IntermediatePairCorr
  0.82DMBAX Dreyfus Short IntermPairCorr
  0.61DMBZX Dreyfus Municipal BondPairCorr
  0.65DMUAX Dreyfus Amt FreePairCorr
  0.61DNYAX DnyaxPairCorr
  0.87DPLTX Dreyfus High YieldPairCorr
  0.83BYSIX Bny Mellon ShortPairCorr
  0.81BYSAX Bny Mellon ShortPairCorr
  0.69AVGCX Dynamic Total ReturnPairCorr
  0.72AVGAX Dynamic Total ReturnPairCorr

Related Correlations Analysis

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 Global 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 Global'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) 0.00 (0.25) 0.00 
 0.00 
 0.32 
(0.26)
 0.94 
DHGAX  0.16 (0.01) 0.00 (0.59) 0.00 
 0.00 
 0.35 
(0.30)
 1.00 
DHMBX  0.28 (0.05) 0.00 (14.14) 0.00 
 0.00 
 0.54 
(0.64)
 2.21 
DHYCX  0.29 (0.05) 0.00 (3.66) 0.00 
 0.00 
 0.55 
(0.64)
 2.19 
DHYAX  0.28 (0.05) 0.00 (6.30) 0.00 
 0.00 
 0.54 
(0.64)
 2.20 
DZNJX  0.21 (0.02) 0.00 (0.77) 0.00 
 0.00 
 0.43 
(0.51)
 1.62 
DIBCX  0.32 (0.08) 0.00 (0.94) 0.00 
 0.00 
 0.69 
(0.53)
 2.15 
DIBAX  0.31 (0.08) 0.00 (2.04) 0.00 
 0.00 
 0.58 
(0.67)
 1.94 
DIECX  0.59 (0.09) 0.00 (0.37) 0.00 
 0.00 
 1.09 
(1.43)
 3.49 
DIEAX  0.58 (0.08) 0.00 (0.34) 0.00 
 0.00 
 1.07 
(1.43)
 3.47 

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY