Dreyfus Research Correlations

Mutual Funds USA . 
Fund . Dreyfus Research Growth
DREQX Fund  USD 21.94  0.12  0.55%   
The current 90-days correlation between Dreyfus Research Growth and American Funds The is 0.93 (i.e., Almost no diversification). The correlation of Dreyfus Research 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 Research Correlation With Market

Poor diversification

The correlation between Dreyfus Research Growth and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus Research Growth 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 Research Growth. 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 producer price index.

Moving together with Dreyfus Mutual Fund

  0.89DISSX Dreyfus Smallcap StockPairCorr
  0.89DISIX Dreyfus Smallcap StockPairCorr
  0.97THPBX Dreyfus Balanced OppPairCorr
  0.77DLDCX Dreyfus Natural ResourcesPairCorr
  0.99DLQAX Dreyfus Large CapPairCorr
  0.95DMCVX Dreyfus OpportunisticPairCorr
  0.96DNLDX Dreyfus Active MidcapPairCorr
  0.96DNLCX Dreyfus Active MidcapPairCorr
  0.78DNLAX Dreyfus Natural ResourcesPairCorr
  0.94RUDAX Dreyfusthe Boston PanyPairCorr
  0.68DPLTX Dreyfus High YieldPairCorr
  0.77DPTAX Dreyfus Tax ManagedPairCorr
  0.76AVGCX Dynamic Total ReturnPairCorr
  0.8AVGAX Dynamic Total ReturnPairCorr
  0.97DQICX Dreyfus Equity IncomePairCorr

Moving against Dreyfus Mutual Fund

  0.83DIBCX Dreyfus InternationalPairCorr
  0.83DIBAX Dreyfus InternationalPairCorr
  0.77DIECX Dreyfus InternationalPairCorr
  0.77DIEAX Dreyfus InternationalPairCorr
  0.67DISCX International StockPairCorr
  0.66DISAX International StockPairCorr
  0.65DHGCX Dreyfusstandish GlobalPairCorr
  0.65DIISX Dreyfus InternationalPairCorr
  0.62DHGAX Dreyfusstandish GlobalPairCorr
  0.45DITEX Dreyfus IntermediatePairCorr
  0.51BYSAX Bny Mellon ShortPairCorr
  0.42BYSIX Bny Mellon ShortPairCorr
  0.32PNYCX Dreyfus New YorkPairCorr
  0.31DRCAX Dreyfus California AmtPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Dreyfus Mutual Fund performing well and Dreyfus Research 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 Research'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FAFGX  0.65  0.03  0.02  0.16  0.84 
(0.67)
 1.34 
(1.65)
 4.41 
FFAFX  0.65  0.03  0.02  0.16  0.84 
(0.67)
 1.34 
(1.65)
 4.41 
GFACX  0.65  0.02  0.02  0.15  0.85 
(0.67)
 1.33 
(1.65)
 4.41 
GFAFX  0.65  0.03  0.02  0.16  0.84 
(0.67)
 1.34 
(1.64)
 4.42 
AGTHX  0.65  0.03  0.02  0.16  0.84 
(0.67)
 1.34 
(1.65)
 4.40 
CGFFX  0.65  0.03  0.02  0.16  0.84 
(0.67)
 1.34 
(1.66)
 4.41 
CGFCX  0.65  0.02  0.02  0.15  0.85 
(0.67)
 1.34 
(1.65)
 4.41 
CGFAX  0.65  0.03  0.02  0.16  0.84 
(0.67)
 1.35 
(1.65)
 4.40 
CGFEX  0.65  0.03  0.02  0.15  0.84 
(0.67)
 1.34 
(1.65)
 4.40 
RGAEX  0.65  0.03  0.02  0.16  0.84 
(0.67)
 1.34 
(1.66)
 4.39 

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