Dreyfusstandish Global Correlations

DHGAX Fund

USD 20.60 0.07 0.34%

The current 90-days correlation between Dreyfusstandish Global and Victory Strategic Allocation is 0.03 (i.e., Significant diversification). The correlation of Dreyfusstandish Global 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.

Dreyfusstandish Global Correlation With Market

Good diversification

The correlation between Dreyfusstandish Global Fixed and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfusstandish Global Fixed 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 Dreyfusstandish Global Fixed. 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 Dreyfusstandish Mutual Fund

0.96	DHGCX	Dreyfusstandish Global	Pair Corr
0.77	DZNJX	Dreyfus New Jersey	Pair Corr
0.86	DIBCX	Dreyfus International	Pair Corr
0.81	DIBAX	Dreyfus International	Pair Corr
0.66	DIECX	Dreyfus International	Pair Corr
0.66	DIEAX	Dreyfus International	Pair Corr
0.87	DITEX	Dreyfus Intermediate	Pair Corr
0.79	DMBCX	Dreyfus Municipal Bond	Pair Corr
0.69	DMBZX	Dreyfus Municipal Bond	Pair Corr
0.81	DMUCX	Dreyfus Amt Free	Pair Corr
0.75	DMUAX	Dreyfus Amt Free	Pair Corr
0.75	DNYAX	Dnyax	Pair Corr
0.81	BYSIX	Bny Mellon Short	Pair Corr
0.86	BYSAX	Bny Mellon Short	Pair Corr
0.81	PNYCX	Dreyfus New York	Pair Corr

Moving against Dreyfusstandish Mutual Fund

0.62	DLQAX	Dreyfus Large Cap	Pair Corr
0.43	THPBX	Dreyfus Balanced Opp	Pair Corr
0.42	DISSX	Dreyfus Smallcap Stock	Pair Corr
0.42	DISIX	Dreyfus Smallcap Stock	Pair Corr
0.4	DLDCX	Dreyfus Natural Resources	Pair Corr
0.59	DQICX	Dreyfus Equity Income	Pair Corr
0.59	DQIAX	Dreyfus Equity Income	Pair Corr
0.5	RUDAX	Dreyfusthe Boston Pany	Pair Corr
0.48	DMCVX	Dreyfus Opportunistic	Pair Corr
0.47	DNLDX	Dreyfus Active Midcap	Pair Corr
0.46	DNLCX	Dreyfus Active Midcap	Pair Corr
0.41	DNLAX	Dreyfus Natural Resources	Pair Corr

Related Correlations Analysis

	VBFIX	TRBCX	LMUSX	PHJFX	JDVNX	TFCCX	RETSX	OWLSX
VBFIX		0.68	0.71	0.75	0.66	0.52	0.72	0.86	VBFIX
TRBCX	0.68		0.95	0.35	0.95	0.9	0.98	0.92	TRBCX
LMUSX	0.71	0.95		0.3	0.96	0.94	0.96	0.96	LMUSX
PHJFX	0.75	0.35	0.3		0.33	0.22	0.43	0.44	PHJFX
JDVNX	0.66	0.95	0.96	0.33		0.97	0.98	0.9	JDVNX
TFCCX	0.52	0.9	0.94	0.22	0.97		0.94	0.82	TFCCX
RETSX	0.72	0.98	0.96	0.43	0.98	0.94		0.92	RETSX
OWLSX	0.86	0.92	0.96	0.44	0.9	0.82	0.92		OWLSX
	VBFIX	TRBCX	LMUSX	PHJFX	JDVNX	TFCCX	RETSX	OWLSX

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Risk-Adjusted Indicators

There is a big difference between Dreyfusstandish Mutual Fund performing well and Dreyfusstandish Global 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 Dreyfusstandish Global'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
VBFIX	0.35	0.02	(0.23)	0.43	0.39	(0.40)	0.70	(0.79)	2.01
TRBCX	0.72	0.03	0.01	0.16	0.93	(0.68)	1.66	(2.18)	4.86
LMUSX	0.61	0.12	0.00	3.42	0.73	(0.70)	1.28	(1.49)	4.08
PHJFX	0.23	(0.02)	(0.35)	0.06	0.22	(0.26)	0.47	(0.56)	1.22
JDVNX	0.58	(0.02)	(0.02)	0.11	0.51	(0.71)	1.19	(0.99)	5.12
TFCCX	0.50	0.01	(0.03)	0.14	0.39	(0.57)	0.93	(0.98)	3.59
RETSX	0.53	(0.01)	(0.04)	0.12	0.63	(0.56)	1.04	(1.46)	4.06
OWLSX	0.50	0.07	(0.09)	(2.27)	0.63	(0.56)	1.02	(1.18)	3.30

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