Dreyfus/standish Correlations

DSDYX Fund

USD 20.68 0.04 0.19%

The current 90-days correlation between Dreyfusstandish Global and Vanguard Total International is 0.05 (i.e., Significant diversification). The correlation of Dreyfus/standish 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/standish Correlation With Market

Good diversification

The correlation between Dreyfusstandish Global Fixed and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfusstandish Global Fixed 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 Dreyfusstandish Global Fixed. 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 manufacturing.

Moving together with Dreyfus/standish Mutual Fund

0.89	DIBRX	Dreyfus International	Pair Corr
0.87	DIBYX	Dreyfus International	Pair Corr
0.71	DIEYX	Dreyfus International	Pair Corr
0.71	DIERX	Dreyfus International	Pair Corr
0.64	DINIX	Dreyfus International	Pair Corr
1.0	SDGIX	Dreyfusstandish Global	Pair Corr
0.7	DMBIX	Dreyfus Amt Free	Pair Corr
0.65	DMBYX	Dreyfus Municipal Bond	Pair Corr
0.62	DMBVX	Dreyfus Municipal Bond	Pair Corr
0.71	DMUYX	Dreyfus Amt Free	Pair Corr
0.72	DNJYX	Dreyfus New Jersey	Pair Corr
0.71	DNMIX	Dreyfus New Jersey	Pair Corr
0.67	DNYIX	Dreyfus New York	Pair Corr
0.67	DNYYX	Dreyfus New York	Pair Corr

Moving against Dreyfus/standish Mutual Fund

0.65	DLACX	Dreyfus Large Cap	Pair Corr
0.65	DLQIX	Dreyfus Large Cap	Pair Corr
0.61	SSETX	Dreyfusthe Boston Pany	Pair Corr
0.61	SSYGX	Dreyfusthe Boston Pany	Pair Corr
0.61	SDSCX	Dreyfusthe Boston Pany	Pair Corr
0.6	DMCYX	Dreyfus Opportunistic	Pair Corr
0.6	DMIDX	Dreyfus Midcap Index	Pair Corr
0.59	STSVX	Dreyfusthe Boston Pany	Pair Corr
0.56	DNLRX	Dreyfus Active Midcap	Pair Corr
0.55	DNLYX	Dreyfus Active Midcap	Pair Corr
0.44	DLDYX	Dreyfus Natural Resources	Pair Corr
0.44	DLDRX	Dreyfus Natural Resources	Pair Corr
0.67	DRYQX	Dreyfus Research Growth	Pair Corr
0.66	DTEYX	Dreyfus Technology Growth	Pair Corr
0.63	DRGYX	Dreyfus Strategic Value	Pair Corr
0.63	DRGVX	Dreyfus Strategic Value	Pair Corr
0.63	DRTCX	The Dreyfus Sustainable	Pair Corr
0.63	DTCYX	The Dreyfus Sustainable	Pair Corr
0.61	DQIYX	Dreyfus Equity Income	Pair Corr
0.61	DQIRX	Dreyfus Equity Income	Pair Corr
0.61	DBMYX	Dreyfusthe Boston Pany	Pair Corr
0.49	DBOYX	Dreyfus Balanced Opp	Pair Corr

Related Correlations Analysis

	VTIBX	VTILX	VTIFX	VTABX	DFGBX	PFOAX	PFONX
VTIBX		1.0	1.0	1.0	0.22	0.87	0.85	VTIBX
VTILX	1.0		1.0	1.0	0.22	0.88	0.86	VTILX
VTIFX	1.0	1.0		1.0	0.23	0.88	0.86	VTIFX
VTABX	1.0	1.0	1.0		0.23	0.88	0.86	VTABX
DFGBX	0.22	0.22	0.23	0.23		0.54	0.54	DFGBX
PFOAX	0.87	0.88	0.88	0.88	0.54		0.99	PFOAX
PFONX	0.85	0.86	0.86	0.86	0.54	0.99		PFONX
	VTIBX	VTILX	VTIFX	VTABX	DFGBX	PFOAX	PFONX

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Risk-Adjusted Indicators

There is a big difference between Dreyfus/standish Mutual Fund performing well and Dreyfus/standish 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/standish'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
VTIBX	0.15	0.00	(0.43)	(0.12)	0.15	(0.20)	0.30	(0.30)	0.90
VTILX	0.15	0.00	(0.49)	(0.22)	0.14	(0.18)	0.34	(0.30)	0.89
VTIFX	0.15	0.00	(0.50)	(0.39)	0.16	(0.17)	0.33	(0.33)	0.90
VTABX	0.15	0.00	(0.46)	(0.20)	0.16	(0.18)	0.30	(0.35)	0.90
DFGBX	0.03	0.01	0.00	2.12	0.00	0.00	0.10	0.00	0.10
PFOAX	0.14	0.01	(0.48)	(0.42)	0.05	(0.19)	0.30	(0.30)	0.91
PFONX	0.14	0.01	(0.47)	(0.47)	0.04	(0.19)	0.30	(0.30)	0.92

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