Dreyfusstandish Global Correlations

DHGAX Fund

USD 20.36 0.02 0.1%

The current 90-days correlation between Dreyfusstandish Global and Kinetics Global Fund is -0.04 (i.e., Good diversification). The correlation of Dreyfusstandish 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.

Dreyfusstandish Global Correlation With Market

Significant diversification

The correlation between Dreyfusstandish Global Fixed and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfusstandish Global Fixed 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 Dreyfusstandish Global Fixed. 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 Dreyfusstandish Mutual Fund

0.76	DZNJX	Dreyfus New Jersey	Pair Corr
0.8	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.7	PG	Procter Gamble	Pair Corr
0.63	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.65	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr

Moving against Dreyfusstandish Mutual Fund

0.68	DREQX	Dreyfus Research Growth	Pair Corr
0.65	DFGBX	Dfa Five Year	Pair Corr
0.63	FTCAX	Templeton Strained Bond	Pair Corr
0.62	PYAIX	Payden Absolute Return	Pair Corr
0.62	PYARX	Payden Absolute Return	Pair Corr
0.43	DLDCX	Dreyfus Natural Resources	Pair Corr
0.36	DSCVX	Dreyfus Opportunistic	Pair Corr
0.71	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.65	HPQ	HP Inc	Pair Corr
0.6	VTSMX	Vanguard Total Stock	Pair Corr
0.53	WMT	Walmart Aggressive Push	Pair Corr
0.53	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.52	DIS	Walt Disney Aggressive Push	Pair Corr
0.47	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.45	BCAAX	Brandywineglobal C	Pair Corr
0.4	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr

Related Correlations Analysis

	KGLCX	PEIEX	MGGNX	RPGIX	NGJCX	MFIRX	MGKAX
KGLCX		0.82	-0.19	0.44	-0.71	0.04	0.3	KGLCX
PEIEX	0.82		-0.23	0.48	-0.67	-0.06	0.24	PEIEX
MGGNX	-0.19	-0.23		0.24	0.65	0.85	-0.22	MGGNX
RPGIX	0.44	0.48	0.24		0.01	0.5	0.51	RPGIX
NGJCX	-0.71	-0.67	0.65	0.01		0.57	-0.16	NGJCX
MFIRX	0.04	-0.06	0.85	0.5	0.57		-0.14	MFIRX
MGKAX	0.3	0.24	-0.22	0.51	-0.16	-0.14		MGKAX
	KGLCX	PEIEX	MGGNX	RPGIX	NGJCX	MFIRX	MGKAX

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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

MFIRX	+ 0.85	MGGNX
PEIEX	+ 0.82	KGLCX
NGJCX	+ 0.65	MGGNX
MFIRX	+ 0.57	NGJCX
MGKAX	+ 0.51	RPGIX
MFIRX	+ 0.5	RPGIX

High negative correlations

NGJCX	- 0.71	KGLCX
NGJCX	- 0.67	PEIEX
MGGNX	- 0.23	PEIEX
MGKAX	- 0.22	MGGNX
MGGNX	- 0.19	KGLCX
MGKAX	- 0.16	NGJCX

Risk-Adjusted Indicators

There is a big difference between Dreyfusstandish Mutual Fund performing well and Dreyfusstandish 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 Dreyfusstandish 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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
KGLCX	0.97	0.36	0.42	0.42	0.16	(1.21)	2.98	(1.04)	5.72
PEIEX	0.63	0.03	(0.02)	0.15	0.56	(0.75)	1.66	(1.27)	3.33
MGGNX	0.19	0.00	(0.39)	0.33	0.21	(0.25)	0.34	(0.34)	1.13
RPGIX	0.74	(0.07)	(0.06)	0.03	1.03	(0.73)	1.46	(1.57)	4.67
NGJCX	0.55	(0.04)	0.00	(0.08)	0.00	0.00	1.16	(1.19)	3.67
MFIRX	0.09	0.00	(0.42)	0.20	0.00	(0.23)	0.19	(0.19)	0.76
MGKAX	0.73	(0.06)	(0.09)	0.02	0.85	(0.73)	1.44	(1.20)	3.92

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