Dreyfusthe Boston Correlations

DBMAX Fund

USD 28.49 0.36 1.25%

The current 90-days correlation between Dreyfusthe Boston Pany and Growth Portfolio Class is 0.72 (i.e., Poor diversification). The correlation of Dreyfusthe Boston 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.

Dreyfusthe Boston Correlation With Market

Poor diversification

The correlation between Dreyfusthe Boston Pany and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfusthe Boston Pany 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 Dreyfusthe Boston Pany. 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 nation.

Moving together with Dreyfusthe Mutual Fund

0.94	DISSX	Dreyfus Smallcap Stock	Pair Corr
0.96	DISIX	Dreyfus Smallcap Stock	Pair Corr
0.97	THPBX	Dreyfus Balanced Opp	Pair Corr
0.94	DLQAX	Dreyfus Large Cap	Pair Corr
0.95	DMCVX	Dreyfus Opportunistic	Pair Corr
0.98	DNLDX	Dreyfus Active Midcap	Pair Corr
0.98	DNLCX	Dreyfus Active Midcap	Pair Corr
0.92	RUDAX	Dreyfusthe Boston Pany	Pair Corr
0.79	DPLTX	Dreyfus High Yield	Pair Corr
0.84	AVGCX	Dynamic Total Return	Pair Corr
0.84	AVGAX	Dynamic Total Return	Pair Corr
0.89	DQICX	Dreyfus Equity Income	Pair Corr

Moving against Dreyfusthe Mutual Fund

0.74	DIECX	Dreyfus International	Pair Corr
0.73	DIBCX	Dreyfus International	Pair Corr
0.72	DIEAX	Dreyfus International	Pair Corr
0.71	DIBAX	Dreyfus International	Pair Corr
0.69	DISCX	International Stock	Pair Corr
0.68	DISAX	International Stock	Pair Corr
0.63	DIISX	Dreyfus International	Pair Corr
0.31	BYSAX	Bny Mellon Short	Pair Corr

Related Correlations Analysis

	MSEGX	BMGAX	MACGX	ACFOX	PHSKX
MSEGX		0.97	1.0	0.97	0.92	MSEGX
BMGAX	0.97		0.97	0.95	0.95	BMGAX
MACGX	1.0	0.97		0.96	0.92	MACGX
ACFOX	0.97	0.95	0.96		0.89	ACFOX
PHSKX	0.92	0.95	0.92	0.89		PHSKX
	MSEGX	BMGAX	MACGX	ACFOX	PHSKX

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Risk-Adjusted Indicators

There is a big difference between Dreyfusthe Mutual Fund performing well and Dreyfusthe Boston 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 Dreyfusthe Boston'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
MSEGX	1.22	0.46	0.47	0.47	0.36	(1.53)	3.36	(1.55)	8.54
BMGAX	0.87	0.12	0.12	0.22	0.85	(1.00)	1.99	(1.69)	6.07
MACGX	1.22	0.39	0.35	0.43	0.66	(1.51)	3.24	(1.90)	7.47
ACFOX	0.83	0.23	0.21	0.36	0.64	(0.96)	2.39	(1.41)	6.02
PHSKX	0.68	0.16	0.09	0.61	0.51	(0.73)	1.52	(1.06)	4.22

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