Dreyfus Appreciation Correlations
| DGAGX Fund | USD 46.06 0.20 0.44% |
The current 90-days correlation between Dreyfus Appreciation and Marsico Focus Fund is 0.92 (i.e., Almost no diversification). The correlation of Dreyfus Appreciation 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 Appreciation Correlation With Market
Poor diversification
The correlation between Dreyfus Appreciation Fund 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 Dreyfus Appreciation Fund and DJI in the same portfolio, assuming nothing else is changed.
Dreyfus |
Moving together with Dreyfus Mutual Fund
| 0.82 | DISSX | Dreyfus Smallcap Stock | PairCorr |
| 0.82 | DISIX | Dreyfus Smallcap Stock | PairCorr |
| 0.82 | PGROX | Dreyfus Worldwide Growth | PairCorr |
| 0.79 | PGRCX | Dreyfus Worldwide Growth | PairCorr |
| 0.85 | THPBX | Dreyfus Balanced Opp | PairCorr |
| 0.66 | DLDCX | Dreyfus Natural Resources | PairCorr |
| 0.72 | DLQAX | Dreyfus Large Cap | PairCorr |
| 0.8 | DMCVX | Dreyfus Opportunistic | PairCorr |
| 0.81 | DNLDX | Dreyfus Active Midcap | PairCorr |
| 0.81 | DNLCX | Dreyfus Active Midcap | PairCorr |
| 0.67 | DNLAX | Dreyfus Natural Resources | PairCorr |
| 0.76 | RUDAX | Dreyfusthe Boston Pany | PairCorr |
| 1.0 | DPTAX | Dreyfus Tax Managed | PairCorr |
| 0.77 | AVGCX | Dynamic Total Return | PairCorr |
| 0.78 | AVGAX | Dynamic Total Return | PairCorr |
| 0.78 | DQICX | Dreyfus Equity Income | PairCorr |
Moving against Dreyfus Mutual Fund
| 0.44 | DIBCX | Dreyfus International | PairCorr |
| 0.42 | DIBAX | Dreyfus International | PairCorr |
| 0.34 | DIECX | Dreyfus International | PairCorr |
| 0.34 | DIEAX | Dreyfus International | PairCorr |
Related Correlations Analysis
| 0.99 | 0.99 | -0.54 | 0.6 | MFOCX | ||
| 0.99 | 1.0 | -0.52 | 0.59 | PEOPX | ||
| 0.99 | 1.0 | -0.52 | 0.59 | DSPIX | ||
| -0.54 | -0.52 | -0.52 | -0.22 | CIVVX | ||
| 0.6 | 0.59 | 0.59 | -0.22 | PAHIX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Dreyfus Mutual Fund performing well and Dreyfus Appreciation 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 Appreciation'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MFOCX | 0.77 | 0.02 | 0.01 | 0.15 | 0.95 | 1.70 | 5.00 | |||
| PEOPX | 0.55 | 0.00 | (0.02) | 0.13 | 0.65 | 1.17 | 3.83 | |||
| DSPIX | 0.55 | 0.01 | (0.02) | 0.13 | 0.65 | 1.18 | 3.85 | |||
| CIVVX | 0.69 | (0.14) | 0.00 | (0.20) | 0.00 | 0.94 | 4.47 | |||
| PAHIX | 0.14 | 0.01 | (0.61) | (1.23) | 0.00 | 0.34 | 1.02 |