Dreyfus Short Correlations

DIMIX Fund

USD 13.04 0.01 0.08%

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

Very poor diversification

The correlation between Dreyfus Short Intermediate and DJI is 0.86 (i.e., Very poor 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

0.89	DHYYX	Dreyfus High Yield	Pair Corr
0.76	DIBRX	Dreyfus International	Pair Corr
0.76	DIBYX	Dreyfus International	Pair Corr
0.97	DIEYX	Dreyfus International	Pair Corr
0.97	DIERX	Dreyfus International	Pair Corr
0.97	DINIX	Dreyfus International	Pair Corr
0.77	DISRX	International Stock	Pair Corr
0.77	DISYX	International Stock	Pair Corr
0.81	STSVX	Dreyfusthe Boston Pany	Pair Corr
0.63	SDGIX	Dreyfusstandish Global	Pair Corr
0.72	DLACX	Dreyfus Large Cap	Pair Corr
0.97	DLDYX	Dreyfus Natural Resources	Pair Corr
0.97	DLDRX	Dreyfus Natural Resources	Pair Corr
0.92	DLHRX	Dreyfus High Yield	Pair Corr
0.94	DMBIX	Dreyfus Amt Free	Pair Corr
0.91	DMBYX	Dreyfus Municipal Bond	Pair Corr
0.91	DMBVX	Dreyfus Municipal Bond	Pair Corr
0.77	DMCYX	Dreyfus Opportunistic	Pair Corr
0.93	DMIDX	Dreyfus Midcap Index	Pair Corr
0.94	DMUYX	Dreyfus Amt Free	Pair Corr
0.99	DMYBX	Dreyfus Short Interm	Pair Corr
0.94	DNJYX	Dreyfus New Jersey	Pair Corr
0.81	DNLYX	Dreyfus Active Midcap	Pair Corr
0.81	DNLRX	Dreyfus Active Midcap	Pair Corr
0.93	DNMIX	Dreyfus New Jersey	Pair Corr
0.89	DNYIX	Dreyfus New York	Pair Corr
0.89	DNYYX	Dreyfus New York	Pair Corr
0.93	DOPIX	Dreyfus Opportunistic	Pair Corr
0.67	DPRIX	Dreyfus Worldwide Growth	Pair Corr
0.67	DPWRX	Dreyfus Worldwide Growth	Pair Corr
0.9	DQEIX	Dreyfus Global Equity	Pair Corr
0.88	DQIYX	Dreyfus Equity Income	Pair Corr
0.88	DQIRX	Dreyfus Equity Income	Pair Corr
0.86	DRGYX	Dreyfus Strategic Value	Pair Corr
0.86	DRGVX	Dreyfus Strategic Value	Pair Corr
0.88	DRLIX	Dreyfus Global Real	Pair Corr
0.89	DRLYX	Dreyfus Global Real	Pair Corr

Moving against Dreyfus Mutual Fund

0.45

DBMYX

Dreyfusthe Boston Pany

Pair Corr

Related Correlations Analysis

	XDCFX	DYYPX	DQEIX	DHLXX	DQIYX	DQIRX	DHYYX	DIBRX	DIAVX
XDCFX		0.0	0.73	0.0	0.52	0.52	0.53	0.42	0.0	XDCFX
DYYPX	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	DYYPX
DQEIX	0.73	0.0		0.0	0.9	0.9	0.71	0.78	0.0	DQEIX
DHLXX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	DHLXX
DQIYX	0.52	0.0	0.9	0.0		1.0	0.68	0.82	0.0	DQIYX
DQIRX	0.52	0.0	0.9	0.0	1.0		0.68	0.82	0.0	DQIRX
DHYYX	0.53	0.0	0.71	0.0	0.68	0.68		0.65	0.0	DHYYX
DIBRX	0.42	0.0	0.78	0.0	0.82	0.82	0.65		0.0	DIBRX
DIAVX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		DIAVX
	XDCFX	DYYPX	DQEIX	DHLXX	DQIYX	DQIRX	DHYYX	DIBRX	DIAVX

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

DQIRX	+ 1.0	DQIYX
DQIYX	+ 0.9	DQEIX
DQIRX	+ 0.9	DQEIX
DIBRX	+ 0.82	DQIYX
DIBRX	+ 0.82	DQIRX
DIBRX	+ 0.78	DQEIX

High negative correlations

DIAVX	- 0.0	DIBRX
DIAVX	- 0.0	DHYYX
DIAVX	- 0.0	DQIRX
DIAVX	- 0.0	DQIYX
DIAVX	- 0.0	DHLXX
DIBRX	- 0.0	DHLXX

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
XDCFX	0.03	0.00	0.00	0.28	0.00	0.00	0.11	(0.11)	0.32
DYYPX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DQEIX	0.63	0.34	0.58	1.06	0.00	(0.76)	1.23	(0.73)	12.45
DHLXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DQIYX	0.53	0.07	0.07	0.14	0.62	(0.55)	1.15	(1.35)	5.00
DQIRX	0.53	0.07	0.07	0.15	0.62	(0.55)	1.16	(1.36)	5.00
DHYYX	0.10	0.01	(0.17)	0.90	0.00	(0.16)	0.28	(0.10)	1.04
DIBRX	0.26	0.01	(0.12)	0.17	0.23	(0.33)	0.61	(0.39)	1.90
DIAVX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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