Dreyfus Strategic Correlations

Mutual Funds . USA . 
Fund . Dreyfus Strategic Value
DAGVX Fund  USD 45.65  0.38  0.83%   
The current 90-days correlation between Dreyfus Strategic Value and Absolute Convertible Arbitrage is -0.01 (i.e., Good diversification). The correlation of Dreyfus Strategic 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 Strategic Correlation With Market

Average diversification

The correlation between Dreyfus Strategic Value and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus Strategic Value 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 Strategic Value. 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

  0.61DISSX Dreyfus Smallcap StockPairCorr
  0.8DLDCX Dreyfus Natural ResourcesPairCorr
  0.61DLQAX Dreyfus Large CapPairCorr
  0.64DMCVX Dreyfus OpportunisticPairCorr
  0.61DNLDX Dreyfus Active MidcapPairCorr
  0.61DNLCX Dreyfus Active MidcapPairCorr
  0.79DNLAX Dreyfus Natural ResourcesPairCorr
  0.67RUDAX Dreyfusthe Boston PanyPairCorr
  0.69DQICX Dreyfus Equity IncomePairCorr

Moving against Dreyfus Mutual Fund

  0.63DIBCX Dreyfus InternationalPairCorr
  0.63DIBAX Dreyfus InternationalPairCorr
  0.61DIEAX Dreyfus InternationalPairCorr
  0.59DHGCX Dreyfusstandish GlobalPairCorr
  0.58DHGAX Dreyfusstandish GlobalPairCorr
  0.57DIECX Dreyfus InternationalPairCorr
  0.53DISCX International StockPairCorr
  0.53DISAX International StockPairCorr
  0.52DIISX Dreyfus InternationalPairCorr
  0.45DITEX Dreyfus IntermediatePairCorr
  0.36DMBCX Dreyfus Municipal BondPairCorr
  0.52BYSAX Bny Mellon ShortPairCorr
  0.48BYSIX Bny Mellon ShortPairCorr
  0.35PNYCX Dreyfus New YorkPairCorr
  0.32DMBZX Dreyfus Municipal BondPairCorr
  0.31DRCAX Dreyfus California AmtPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Dreyfus Mutual Fund performing well and Dreyfus Strategic 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 Strategic'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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