International Stock Correlations

DISCX Fund

USD 23.10 0.19 0.83%

The current 90-days correlation between International Stock and Dreyfusstandish Global Fixed is -0.11 (i.e., Good diversification). The correlation of International Stock 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.

International Stock Correlation With Market

Significant diversification

The correlation between International Stock Fund and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Stock Fund 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 International Stock Fund. 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 main economic indicators.

Moving together with International Mutual Fund

0.84	DIBCX	Dreyfus International	Pair Corr
0.66	DIBAX	Dreyfus International	Pair Corr
0.96	DIECX	Dreyfus International	Pair Corr
0.96	DIEAX	Dreyfus International	Pair Corr
0.99	DIISX	Dreyfus International	Pair Corr
1.0	DISAX	International Stock	Pair Corr

Moving against International Mutual Fund

0.58	DLQAX	Dreyfus Large Cap	Pair Corr
0.53	DISSX	Dreyfus Smallcap Stock	Pair Corr
0.53	DISIX	Dreyfus Smallcap Stock	Pair Corr
0.5	THPBX	Dreyfus Balanced Opp	Pair Corr
0.63	DREQX	Dreyfus Research Growth	Pair Corr
0.58	DNLCX	Dreyfus Active Midcap	Pair Corr
0.57	DMCVX	Dreyfus Opportunistic	Pair Corr
0.52	DQIAX	Dreyfus Equity Income	Pair Corr
0.51	RUDAX	Dreyfusthe Boston Pany	Pair Corr
0.51	DQICX	Dreyfus Equity Income	Pair Corr
0.44	DREVX	Dreyfus Fund	Pair Corr
0.42	DNLDX	Dreyfus Active Midcap	Pair Corr
0.4	AVGAX	Dynamic Total Return	Pair Corr
0.37	AVGCX	Dynamic Total Return	Pair Corr

Related Correlations Analysis

	DHGCX	DHGAX	DHMBX	DHYCX	DZNJX	DIBCX	DIBAX	DIECX	DIEAX	DIISX
DHGCX		0.96	0.57	0.65	0.76	0.85	0.91	0.68	0.68	0.6	DHGCX
DHGAX	0.96		0.59	0.68	0.76	0.89	0.84	0.72	0.72	0.64	DHGAX
DHMBX	0.57	0.59		0.97	0.91	0.38	0.44	0.26	0.26	0.33	DHMBX
DHYCX	0.65	0.68	0.97		0.92	0.51	0.52	0.39	0.4	0.45	DHYCX
DZNJX	0.76	0.76	0.91	0.92		0.53	0.61	0.34	0.34	0.33	DZNJX
DIBCX	0.85	0.89	0.38	0.51	0.53		0.86	0.92	0.92	0.86	DIBCX
DIBAX	0.91	0.84	0.44	0.52	0.61	0.86		0.77	0.77	0.72	DIBAX
DIECX	0.68	0.72	0.26	0.39	0.34	0.92	0.77		1.0	0.97	DIECX
DIEAX	0.68	0.72	0.26	0.4	0.34	0.92	0.77	1.0		0.97	DIEAX
DIISX	0.6	0.64	0.33	0.45	0.33	0.86	0.72	0.97	0.97		DIISX
	DHGCX	DHGAX	DHMBX	DHYCX	DZNJX	DIBCX	DIBAX	DIECX	DIEAX	DIISX

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Risk-Adjusted Indicators

There is a big difference between International Mutual Fund performing well and International Stock 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 International Stock'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
DHGCX	0.15	(0.01)	0.00	0.82	0.00	0.00	0.30	(0.25)	0.96
DHGAX	0.16	(0.02)	0.00	(0.33)	0.00	0.00	0.30	(0.24)	0.98
DHMBX	0.21	0.02	(0.20)	(0.02)	0.35	(0.27)	0.46	(0.54)	2.09
DHYCX	0.20	0.02	(0.20)	(0.03)	0.34	(0.27)	0.54	(0.44)	2.18
DZNJX	0.15	0.02	(0.31)	(0.03)	0.22	(0.22)	0.34	(0.34)	1.53
DIBCX	0.33	(0.09)	0.00	(1.05)	0.00	0.00	0.59	(0.73)	2.42
DIBAX	0.32	(0.07)	0.00	0.70	0.00	0.00	0.56	(0.69)	2.28
DIECX	0.65	(0.09)	0.00	1.52	0.00	0.00	1.09	(1.43)	3.76
DIEAX	0.65	(0.08)	0.00	1.53	0.00	0.00	1.06	(1.42)	3.75
DIISX	0.69	(0.08)	0.00	6.07	0.00	0.00	1.48	(1.67)	4.03

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