Dreyfus Global Correlations

DRRCX Fund

USD 15.02 0.11 0.74%

The current 90-days correlation between Dreyfus Global Real and 1919 Financial Services is 0.12 (i.e., Average diversification). The correlation of Dreyfus 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.

Dreyfus Global Correlation With Market

Very weak diversification

The correlation between Dreyfus Global Real and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus Global Real 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 Global Real. 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 Dreyfus Mutual Fund

0.81	PAALX	All Asset Fund	Pair Corr
0.8	PATRX	Pimco All Asset	Pair Corr
0.81	PAAIX	All Asset Fund	Pair Corr
0.81	PALPX	Pimco All Asset	Pair Corr
0.8	PASAX	All Asset Fund	Pair Corr
0.8	PASCX	All Asset Fund	Pair Corr
0.81	PAANX	Pimco All Asset	Pair Corr
0.8	PAUPX	Pimco All Asset	Pair Corr
0.8	PAUIX	Pimco All Asset	Pair Corr
0.8	ABRIX	Invesco Balanced Risk	Pair Corr
0.63	VZ	Verizon Communications	Pair Corr
0.72	HD	Home Depot	Pair Corr
0.65	CAT	Caterpillar Earnings Call This Week	Pair Corr

Moving against Dreyfus Mutual Fund

0.48

XGEIX

Guggenheim Energy Income

Pair Corr

Related Correlations Analysis

	SBFAX	XFINX	BTO	RMBLX	IAAEX	FIDAX	BXSL
SBFAX		0.04	0.58	0.76	0.84	0.86	-0.53	SBFAX
XFINX	0.04		0.55	0.43	0.14	0.3	0.22	XFINX
BTO	0.58	0.55		0.89	0.47	0.74	0.18	BTO
RMBLX	0.76	0.43	0.89		0.75	0.92	-0.2	RMBLX
IAAEX	0.84	0.14	0.47	0.75		0.91	-0.68	IAAEX
FIDAX	0.86	0.3	0.74	0.92	0.91		-0.45	FIDAX
BXSL	-0.53	0.22	0.18	-0.2	-0.68	-0.45		BXSL
	SBFAX	XFINX	BTO	RMBLX	IAAEX	FIDAX	BXSL

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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

FIDAX	+ 0.92	RMBLX
FIDAX	+ 0.91	IAAEX
RMBLX	+ 0.89	BTO
FIDAX	+ 0.86	SBFAX
IAAEX	+ 0.84	SBFAX
RMBLX	+ 0.76	SBFAX

High negative correlations

BXSL	- 0.68	IAAEX
BXSL	- 0.53	SBFAX
BXSL	- 0.45	FIDAX
BXSL	- 0.2	RMBLX

Risk-Adjusted Indicators

There is a big difference between Dreyfus Mutual Fund performing well and Dreyfus 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 Dreyfus 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
SBFAX	0.91	(0.07)	0.00	(0.06)	0.00	0.00	1.73	(1.85)	15.92
XFINX	0.12	0.01	(0.26)	(0.14)	0.18	(0.16)	0.29	(0.28)	1.14
BTO	1.08	0.14	0.07	0.32	1.20	(1.12)	2.32	(1.91)	13.54
RMBLX	1.20	0.05	0.01	0.17	1.30	(1.41)	2.60	(2.07)	15.68
IAAEX	0.71	(0.10)	0.00	(0.39)	0.00	0.00	1.27	(1.08)	9.89
FIDAX	0.92	(0.02)	(0.04)	0.05	1.65	(0.93)	1.79	(2.01)	14.53
BXSL	0.72	0.07	0.01	0.34	0.75	(0.79)	1.43	(1.14)	4.08

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