Dreyfus Opportunistic Correlations

DSCVX Fund

USD 32.15 0.02 0.06%

The current 90-days correlation between Dreyfus Opportunistic and Vanguard Small Cap Index is 0.94 (i.e., Almost no diversification). The correlation of Dreyfus Opportunistic 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 Opportunistic Correlation With Market

Good diversification

The correlation between Dreyfus Opportunistic Small and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus Opportunistic Small 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 Opportunistic Small. 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 real.

Moving together with Dreyfus Mutual Fund

0.9	DISSX	Dreyfus Smallcap Stock	Pair Corr
0.78	DISIX	Dreyfus Smallcap Stock	Pair Corr
0.77	THPBX	Dreyfus Balanced Opp	Pair Corr
0.76	DLDCX	Dreyfus Natural Resources	Pair Corr
0.81	DLQAX	Dreyfus Large Cap	Pair Corr
0.88	DMCVX	Dreyfus Opportunistic	Pair Corr
0.78	DNLDX	Dreyfus Active Midcap	Pair Corr
0.78	DNLCX	Dreyfus Active Midcap	Pair Corr
0.76	DNLAX	Dreyfus Natural Resources	Pair Corr
0.93	RUDAX	Dreyfusthe Boston Pany	Pair Corr
0.72	DPTAX	Dreyfus Tax Managed	Pair Corr
0.63	AVGCX	Dynamic Total Return	Pair Corr
0.64	AVGAX	Dynamic Total Return	Pair Corr
0.74	DQICX	Dreyfus Equity Income	Pair Corr
0.74	DQIAX	Dreyfus Equity Income	Pair Corr
0.8	DREVX	Dreyfus Fund	Pair Corr
0.78	DREQX	Dreyfus Research Growth	Pair Corr

Moving against Dreyfus Mutual Fund

0.45	DIBAX	Dreyfus International	Pair Corr
0.37	DHGCX	Dreyfusstandish Global	Pair Corr
0.36	DHGAX	Dreyfusstandish Global	Pair Corr
0.32	DIECX	Dreyfus International	Pair Corr
0.31	DIEAX	Dreyfus International	Pair Corr
0.46	DRGMX	Dreyfus Gnma	Pair Corr
0.46	DBIRX	Dreyfus Bond Market	Pair Corr
0.46	DBMIX	Dreyfus Bond Market	Pair Corr

Related Correlations Analysis

	VSMAX	VSCIX	NAESX	FSSNX	DFSTX	PASVX	PRVIX	TRZVX	PRSVX
VSMAX		1.0	0.95	0.98	0.99	0.93	0.98	0.99	0.93	VSMAX
VSCIX	1.0		0.95	0.98	0.99	0.93	0.98	0.99	0.93	VSCIX
NAESX	0.95	0.95		0.93	0.93	0.98	0.93	0.93	0.98	NAESX
FSSNX	0.98	0.98	0.93		1.0	0.93	0.99	0.99	0.93	FSSNX
DFSTX	0.99	0.99	0.93	1.0		0.93	0.99	0.99	0.93	DFSTX
PASVX	0.93	0.93	0.98	0.93	0.93		0.93	0.93	1.0	PASVX
PRVIX	0.98	0.98	0.93	0.99	0.99	0.93		1.0	0.93	PRVIX
TRZVX	0.99	0.99	0.93	0.99	0.99	0.93	1.0		0.93	TRZVX
PRSVX	0.93	0.93	0.98	0.93	0.93	1.0	0.93	0.93		PRSVX
	VSMAX	VSCIX	NAESX	FSSNX	DFSTX	PASVX	PRVIX	TRZVX	PRSVX

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Risk-Adjusted Indicators

There is a big difference between Dreyfus Mutual Fund performing well and Dreyfus Opportunistic 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 Opportunistic'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
VSMAX	0.75	0.14	0.05	4.08	0.74	(0.84)	1.75	(1.25)	5.36
VSCIX	0.75	0.14	0.05	4.05	0.72	(0.84)	1.76	(1.24)	5.35
NAESX	0.75	0.03	0.06	0.12	0.72	(0.85)	1.75	(1.25)	5.35
FSSNX	0.93	0.13	0.03	3.70	0.94	(1.03)	2.12	(1.61)	7.62
DFSTX	0.86	0.13	0.03	4.89	0.80	(0.96)	2.04	(1.45)	7.11
PASVX	0.76	0.01	0.04	0.10	0.70	(0.83)	1.81	(1.22)	6.47
PRVIX	0.76	0.13	0.04	29.96	0.70	(0.82)	1.82	(1.23)	6.48
TRZVX	0.76	0.13	0.04	23.15	0.69	(0.82)	1.81	(1.23)	6.48
PRSVX	0.76	0.01	0.04	0.11	0.69	(0.83)	1.80	(1.23)	6.48

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