Dynamic Total Correlations

AVGCX Fund

USD 13.65 0.02 0.15%

The current 90-days correlation between Dynamic Total Return and Transamerica Funds is -0.21 (i.e., Very good diversification). The correlation of Dynamic Total 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.

Dynamic Total Correlation With Market

Very weak diversification

The correlation between Dynamic Total Return and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dynamic Total Return and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Dynamic Total Return. 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 Dynamic Mutual Fund

0.81	DISSX	Dreyfus Smallcap Stock	Pair Corr
0.81	DISIX	Dreyfus Smallcap Stock	Pair Corr
0.83	THPBX	Dreyfus Balanced Opp	Pair Corr
0.75	DLQAX	Dreyfus Large Cap	Pair Corr
0.78	DMCVX	Dreyfus Opportunistic	Pair Corr
0.78	DNLDX	Dreyfus Active Midcap	Pair Corr
0.79	DNLCX	Dreyfus Active Midcap	Pair Corr
0.78	RUDAX	Dreyfusthe Boston Pany	Pair Corr
0.72	DPLTX	Dreyfus High Yield	Pair Corr
0.78	DPTAX	Dreyfus Tax Managed	Pair Corr
1.0	AVGAX	Dynamic Total Return	Pair Corr
0.71	DQICX	Dreyfus Equity Income	Pair Corr

Moving against Dynamic Mutual Fund

0.48	DIECX	Dreyfus International	Pair Corr
0.48	DIEAX	Dreyfus International	Pair Corr
0.47	DISCX	International Stock	Pair Corr
0.46	DISAX	International Stock	Pair Corr
0.43	DIBCX	Dreyfus International	Pair Corr
0.41	DIBAX	Dreyfus International	Pair Corr
0.41	DIISX	Dreyfus International	Pair Corr

Related Correlations Analysis

	IATXX	ELMXX	JHMXX	SUTXX	TUGXX	JNMXX	LDMAX
IATXX		0.0	0.0	0.63	0.0	1.0	0.12	IATXX
ELMXX	0.0		0.0	0.0	0.0	0.0	0.0	ELMXX
JHMXX	0.0	0.0		0.0	0.0	0.0	0.0	JHMXX
SUTXX	0.63	0.0	0.0		0.0	0.63	0.54	SUTXX
TUGXX	0.0	0.0	0.0	0.0		0.0	0.0	TUGXX
JNMXX	1.0	0.0	0.0	0.63	0.0		0.12	JNMXX
LDMAX	0.12	0.0	0.0	0.54	0.0	0.12		LDMAX
	IATXX	ELMXX	JHMXX	SUTXX	TUGXX	JNMXX	LDMAX

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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

JNMXX	+ 1.0	IATXX
SUTXX	+ 0.63	IATXX
JNMXX	+ 0.63	SUTXX
LDMAX	+ 0.54	SUTXX
LDMAX	+ 0.12	IATXX
LDMAX	+ 0.12	JNMXX

High negative correlations

LDMAX	- 0.0	TUGXX
JNMXX	- 0.0	TUGXX
TUGXX	- 0.0	SUTXX
LDMAX	- 0.0	JHMXX
JNMXX	- 0.0	JHMXX
TUGXX	- 0.0	JHMXX

Risk-Adjusted Indicators

There is a big difference between Dynamic Mutual Fund performing well and Dynamic Total 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 Dynamic Total'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
IATXX	0.03	0.01	0.00	(2.04)	0.00	0.00	0.00	0.00	1.01
ELMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JHMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SUTXX	0.03	0.00	0.00	0.34	0.00	0.00	0.00	0.00	1.01
TUGXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JNMXX	0.03	0.01	0.00	(2.04)	0.00	0.00	0.00	0.00	1.01
LDMAX	0.20	0.01	(0.34)	0.49	0.15	(0.32)	0.47	(0.47)	1.42

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