Dreyfus Fund Correlations

DREVX Fund

USD 21.21 0.11 0.52%

The current 90-days correlation between Dreyfus Fund and Dreyfus Active Midcap is 0.81 (i.e., Very poor diversification). The correlation of Dreyfus Fund 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 Fund Correlation With Market

Poor diversification

The correlation between Dreyfus Fund Inc and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus Fund Inc 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 Fund Inc. 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 real.

Moving together with Dreyfus Mutual Fund

0.86	DISSX	Dreyfus Smallcap Stock	Pair Corr
0.86	DISIX	Dreyfus Smallcap Stock	Pair Corr
0.97	THPBX	Dreyfus Balanced Opp	Pair Corr
0.81	DLDCX	Dreyfus Natural Resources	Pair Corr
0.96	DLQAX	Dreyfus Large Cap	Pair Corr
0.93	DMCVX	Dreyfus Opportunistic	Pair Corr
0.96	DNLDX	Dreyfus Active Midcap	Pair Corr
0.96	DNLCX	Dreyfus Active Midcap	Pair Corr
0.81	DNLAX	Dreyfus Natural Resources	Pair Corr
0.9	RUDAX	Dreyfusthe Boston Pany	Pair Corr
0.69	DPLTX	Dreyfus High Yield	Pair Corr
0.78	DPTAX	Dreyfus Tax Managed	Pair Corr
0.74	AVGCX	Dynamic Total Return	Pair Corr
0.78	AVGAX	Dynamic Total Return	Pair Corr
0.99	DQICX	Dreyfus Equity Income	Pair Corr

Moving against Dreyfus Mutual Fund

0.79	DIBCX	Dreyfus International	Pair Corr
0.77	DIBAX	Dreyfus International	Pair Corr
0.7	DIECX	Dreyfus International	Pair Corr
0.69	DIEAX	Dreyfus International	Pair Corr
0.61	DHGCX	Dreyfusstandish Global	Pair Corr
0.59	DHGAX	Dreyfusstandish Global	Pair Corr
0.58	DISCX	International Stock	Pair Corr
0.57	DISAX	International Stock	Pair Corr
0.56	DIISX	Dreyfus International	Pair Corr
0.42	DITEX	Dreyfus Intermediate	Pair Corr
0.48	BYSAX	Bny Mellon Short	Pair Corr
0.39	BYSIX	Bny Mellon Short	Pair Corr

Related Correlations Analysis

	DNLDX	DRGMX	DREQX	DIISX	DRTAX
DNLDX		-0.67	0.96	-0.59	0.39	DNLDX
DRGMX	-0.67		-0.79	0.73	-0.29	DRGMX
DREQX	0.96	-0.79		-0.65	0.42	DREQX
DIISX	-0.59	0.73	-0.65		-0.55	DIISX
DRTAX	0.39	-0.29	0.42	-0.55		DRTAX
	DNLDX	DRGMX	DREQX	DIISX	DRTAX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

DREQX	+ 0.96	DNLDX
DIISX	+ 0.73	DRGMX
DRTAX	+ 0.42	DREQX
DRTAX	+ 0.39	DNLDX

High negative correlations

DREQX	- 0.79	DRGMX
DRGMX	- 0.67	DNLDX
DIISX	- 0.65	DREQX
DIISX	- 0.59	DNLDX
DRTAX	- 0.55	DIISX
DRTAX	- 0.29	DRGMX

Risk-Adjusted Indicators

There is a big difference between Dreyfus Mutual Fund performing well and Dreyfus Fund 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 Fund'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
DNLDX	0.62	0.03	0.05	0.16	0.57	(0.68)	1.47	(0.96)	4.43
DRGMX	0.22	(0.02)	0.00	0.46	0.00	0.00	0.39	(0.46)	1.18
DREQX	0.77	0.05	0.03	0.18	1.13	(0.77)	1.76	(2.21)	5.17
DIISX	0.69	(0.13)	0.00	(0.17)	0.00	0.00	1.10	(1.67)	4.03
DRTAX	0.12	0.01	(0.43)	0.76	0.06	(0.16)	0.28	(0.37)	0.94

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC