Dreyfus Short Correlations

DIMIX Fund

USD 12.80 0.01 0.08%

The current 90-days correlation between Dreyfus Short Interm and Siit High Yield is 0.49 (i.e., Very weak diversification). The correlation of Dreyfus Short 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 Short Correlation With Market

Significant diversification

The correlation between Dreyfus Short Intermediate 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 Dreyfus Short Intermediate 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 Short Intermediate. 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 gross domestic product.

Moving together with Dreyfus Mutual Fund

0.68	DHYYX	Dreyfus High Yield	Pair Corr
0.73	SSETX	Dreyfusthe Boston Pany	Pair Corr
0.73	SSYGX	Dreyfusthe Boston Pany	Pair Corr
0.77	SDGIX	Dreyfusstandish Global	Pair Corr
0.77	SDSCX	Dreyfusthe Boston Pany	Pair Corr
0.88	DLHRX	Dreyfus High Yield	Pair Corr
0.78	DMBIX	Dreyfus Amt Free	Pair Corr
0.73	DMBYX	Dreyfus Municipal Bond	Pair Corr
0.78	DMUYX	Dreyfus Amt Free	Pair Corr
0.92	DMYBX	Dreyfus Short Interm	Pair Corr
0.79	DNJYX	Dreyfus New Jersey	Pair Corr
0.8	DNMIX	Dreyfus New Jersey	Pair Corr
0.73	DNYIX	Dreyfus New York	Pair Corr
0.74	DNYYX	Dreyfus New York	Pair Corr
0.75	AVGYX	Dynamic Total Return	Pair Corr
0.75	AVGRX	Dynamic Total Return	Pair Corr

Related Correlations Analysis

	SGYAX	ANBIX	MBSAX	TWTCX	DLTNX	ANAGX
SGYAX		0.45	0.61	0.24	0.29	0.32	SGYAX
ANBIX	0.45		0.59	0.66	0.8	0.75	ANBIX
MBSAX	0.61	0.59		0.71	0.63	0.77	MBSAX
TWTCX	0.24	0.66	0.71		0.86	0.87	TWTCX
DLTNX	0.29	0.8	0.63	0.86		0.83	DLTNX
ANAGX	0.32	0.75	0.77	0.87	0.83		ANAGX
	SGYAX	ANBIX	MBSAX	TWTCX	DLTNX	ANAGX

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Risk-Adjusted Indicators

There is a big difference between Dreyfus Mutual Fund performing well and Dreyfus Short 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 Short'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
SGYAX	0.15	0.02	(0.33)	0.75	0.00	(0.26)	0.56	(0.28)	1.27
ANBIX	0.13	0.00	(0.43)	1.71	0.14	(0.17)	0.29	(0.29)	0.78
MBSAX	0.20	0.01	(0.25)	1.06	0.21	(0.22)	0.52	(0.37)	1.55
TWTCX	0.15	0.00	(0.27)	(0.04)	0.20	(0.19)	0.28	(0.28)	1.31
DLTNX	0.21	(0.01)	(0.32)	(0.05)	0.24	(0.27)	0.58	(0.46)	1.50
ANAGX	0.17	(0.01)	(0.41)	(0.63)	0.16	(0.27)	0.44	(0.29)	1.16

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Dreyfus Short Correlations

Dreyfus Short Correlation With Market

Significant diversification

Moving together with Dreyfus Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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