Dreyfus Short-term Correlations

Mutual Funds . USA . 
Fund . Dreyfus Short Term Income
DSTIX Fund  USD 9.84  0.01  0.10%   
The current 90-days correlation between Dreyfus Short Term and Frontier Mfg E is -0.03 (i.e., Good diversification). The correlation of Dreyfus Short-term 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-term Correlation With Market

Poor diversification

The correlation between Dreyfus Short Term Income and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus Short Term Income 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 Term Income. 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

  0.62DHGCX Dreyfusstandish GlobalPairCorr
  0.7DHGAX Dreyfusstandish GlobalPairCorr
  0.93DHMBX Dreyfus High YieldPairCorr
  0.9DHYCX Dreyfus High YieldPairCorr
  0.9DHYAX Dreyfus High YieldPairCorr
  0.95DZNJX Dreyfus New JerseyPairCorr
  0.77DIBCX Dreyfus InternationalPairCorr
  0.82DIBAX Dreyfus InternationalPairCorr
  0.93DIECX Dreyfus InternationalPairCorr
  0.93DIEAX Dreyfus InternationalPairCorr
  0.94DIISX Dreyfus InternationalPairCorr
  0.85DISSX Dreyfus Smallcap StockPairCorr
  0.85DISIX Dreyfus Smallcap StockPairCorr
  0.67DISCX International StockPairCorr
  0.69DISAX International StockPairCorr
  0.97DITEX Dreyfus IntermediatePairCorr
  0.61PGROX Dreyfus Worldwide GrowthPairCorr
  0.75THPBX Dreyfus Balanced OppPairCorr
  0.92DLDCX Dreyfus Natural ResourcesPairCorr
  0.9DMBCX Dreyfus Municipal BondPairCorr
  0.95DMBAX Dreyfus Short IntermPairCorr
  0.92DMBZX Dreyfus Municipal BondPairCorr
  0.69DMCVX Dreyfus OpportunisticPairCorr
  0.91DMUCX Dreyfus Amt FreePairCorr
  0.93DMUAX Dreyfus Amt FreePairCorr
  0.76DNLDX Dreyfus Active MidcapPairCorr
  0.75DNLCX Dreyfus Active MidcapPairCorr
  0.93DNLAX Dreyfus Natural ResourcesPairCorr
  0.93DNYAX DnyaxPairCorr
  0.75RUDAX Dreyfusthe Boston PanyPairCorr
  0.86DPLTX Dreyfus High YieldPairCorr
  0.99BYSYX Bny Mellon ShortPairCorr
  0.97BYSIX Bny Mellon ShortPairCorr
  0.97BYSAX Bny Mellon ShortPairCorr
  0.9PNYCX Dreyfus New YorkPairCorr
  0.88DQICX Dreyfus Equity IncomePairCorr
  0.88DQIAX Dreyfus Equity IncomePairCorr
  0.94DRCAX Dreyfus California AmtPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Dreyfus Mutual Fund performing well and Dreyfus Short-term 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-term'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.

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