Dreyfus Short Correlations

DIMIX Fund

USD 12.95 0.01 0.08%

The current 90-days correlation between Dreyfus Short Interm and Commonwealth Global Fund is 0.08 (i.e., Significant 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

Good diversification

The correlation between Dreyfus Short Intermediate and DJI is -0.11 (i.e., Good 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

0.64	DISRX	International Stock	Pair Corr
0.64	DISYX	International Stock	Pair Corr
0.66	STSVX	Dreyfusthe Boston Pany	Pair Corr
0.69	DLACX	Dreyfus Large Cap	Pair Corr
0.77	DLDYX	Dreyfus Natural Resources	Pair Corr
0.75	DLHRX	Dreyfus High Yield	Pair Corr
0.7	DLQIX	Dreyfus Large Cap	Pair Corr
0.76	DMCYX	Dreyfus Opportunistic	Pair Corr
0.66	DMIDX	Dreyfus Midcap Index	Pair Corr
0.95	DMYBX	Dreyfus Short Interm	Pair Corr
0.66	DNLYX	Dreyfus Active Midcap	Pair Corr
0.67	DNLRX	Dreyfus Active Midcap	Pair Corr
0.73	DOPIX	Dreyfus Opportunistic	Pair Corr
0.7	DPRIX	Dreyfus Worldwide Growth	Pair Corr
0.68	DPWRX	Dreyfus Worldwide Growth	Pair Corr
0.72	DQEIX	Dreyfus Global Equity	Pair Corr
0.76	DQIYX	Dreyfus Equity Income	Pair Corr
0.76	DQIRX	Dreyfus Equity Income	Pair Corr
0.89	DRGVX	Dreyfus Strategic Value	Pair Corr
0.81	DSCYX	Dreyfus Opportunistic	Pair Corr

Moving against Dreyfus Mutual Fund

0.36	DIBYX	Dreyfus International	Pair Corr
0.35	DIBRX	Dreyfus International	Pair Corr
0.82	DBMYX	Dreyfusthe Boston Pany	Pair Corr
0.4	DRLIX	Dreyfus Global Real	Pair Corr
0.39	DRLYX	Dreyfus Global Real	Pair Corr
0.36	DSDYX	Dreyfusstandish Global	Pair Corr

Related Correlations Analysis

	CNGLX	TBCUX	WIGOX	CBSYX	USLUX	HLGZX
CNGLX		0.84	0.8	0.82	0.89	0.85	CNGLX
TBCUX	0.84		0.81	0.97	0.89	0.92	TBCUX
WIGOX	0.8	0.81		0.83	0.92	0.83	WIGOX
CBSYX	0.82	0.97	0.83		0.87	0.89	CBSYX
USLUX	0.89	0.89	0.92	0.87		0.9	USLUX
HLGZX	0.85	0.92	0.83	0.89	0.9		HLGZX
	CNGLX	TBCUX	WIGOX	CBSYX	USLUX	HLGZX

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
CNGLX	0.56	0.07	(0.01)	1.80	0.61	(0.65)	1.11	(1.19)	4.51
TBCUX	0.59	0.08	0.10	0.17	0.47	(0.70)	1.08	(1.06)	7.68
WIGOX	0.90	0.08	0.08	0.16	0.77	(1.16)	1.45	(1.40)	12.70
CBSYX	0.43	0.04	0.03	0.13	0.35	(0.47)	0.86	(0.74)	5.44
USLUX	0.95	0.18	0.12	0.59	0.93	(1.16)	1.65	(2.09)	10.33
HLGZX	1.02	0.38	0.41	0.60	0.23	(1.29)	1.17	(1.22)	27.30

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