Dreyfus International Correlations

DIERX Fund

USD 39.25 0.40 1.03%

The current 90-days correlation between Dreyfus International and Transamerica Large Cap is 0.41 (i.e., Very weak diversification). The correlation of Dreyfus International 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 International Correlation With Market

Good diversification

The correlation between Dreyfus International Equity 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 Dreyfus International Equity 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 International Equity. 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 metropolitan statistical area.

Moving together with Dreyfus Mutual Fund

0.89	DIBRX	Dreyfus International	Pair Corr
0.89	DIBYX	Dreyfus International	Pair Corr
0.95	DIEYX	Dreyfus International	Pair Corr
0.92	DINIX	Dreyfus International	Pair Corr
0.93	DISRX	International Stock	Pair Corr
0.93	DISYX	International Stock	Pair Corr
0.61	DQEIX	Dreyfus Global Equity	Pair Corr

Moving against Dreyfus Mutual Fund

0.79	SDSCX	Dreyfusthe Boston Pany	Pair Corr
0.77	SSYGX	Dreyfusthe Boston Pany	Pair Corr
0.75	SSETX	Dreyfusthe Boston Pany	Pair Corr
0.73	DLACX	Dreyfus Large Cap	Pair Corr
0.66	STSVX	Dreyfusthe Boston Pany	Pair Corr
0.45	DLHRX	Dreyfus High Yield	Pair Corr
0.42	DLDYX	Dreyfus Natural Resources	Pair Corr
0.41	DLDRX	Dreyfus Natural Resources	Pair Corr
0.73	DLQIX	Dreyfus Large Cap	Pair Corr
0.73	DNLYX	Dreyfus Active Midcap	Pair Corr
0.73	DNLRX	Dreyfus Active Midcap	Pair Corr
0.72	DMCYX	Dreyfus Opportunistic	Pair Corr
0.71	DMIDX	Dreyfus Midcap Index	Pair Corr
0.47	DOPIX	Dreyfus Opportunistic	Pair Corr
0.39	DPTRX	Dreyfus Tax Managed	Pair Corr
0.76	DRYQX	Dreyfus Research Growth	Pair Corr
0.74	DRGYX	Dreyfus Strategic Value	Pair Corr
0.74	DRGVX	Dreyfus Strategic Value	Pair Corr
0.67	DQIYX	Dreyfus Equity Income	Pair Corr

Related Correlations Analysis

	TWQZX	DLCIX	JDVNX	TFCCX	DCLVX	VAAGX	FIOOX
TWQZX		0.95	0.94	0.91	0.96	0.91	0.94	TWQZX
DLCIX	0.95		0.98	0.94	0.98	0.93	0.97	DLCIX
JDVNX	0.94	0.98		0.97	0.98	0.95	0.98	JDVNX
TFCCX	0.91	0.94	0.97		0.94	0.93	0.95	TFCCX
DCLVX	0.96	0.98	0.98	0.94		0.98	0.99	DCLVX
VAAGX	0.91	0.93	0.95	0.93	0.98		0.98	VAAGX
FIOOX	0.94	0.97	0.98	0.95	0.99	0.98		FIOOX
	TWQZX	DLCIX	JDVNX	TFCCX	DCLVX	VAAGX	FIOOX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Dreyfus Mutual Fund performing well and Dreyfus International 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 International'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
TWQZX	0.49	0.09	(0.07)	4.80	0.35	(0.58)	1.16	(0.75)	3.48
DLCIX	0.55	0.00	(0.01)	0.13	0.66	(0.60)	1.23	(1.27)	4.24
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
DCLVX	0.48	0.00	(0.05)	0.13	0.32	(0.56)	1.05	(0.79)	3.24
VAAGX	0.52	(0.02)	(0.08)	0.10	0.45	(0.59)	1.09	(0.94)	3.29
FIOOX	0.52	0.01	(0.03)	0.13	0.34	(0.62)	1.06	(0.84)	3.54

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