Dreyfus Global Correlations

Mutual Funds . USA . 
Fund . Dreyfus Global Real
DRLIX Fund  USD 8.89  0.02  0.22%   
The current 90-days correlation between Dreyfus Global Real and Fpa Queens Road is 0.27 (i.e., Modest diversification). The correlation of Dreyfus 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.

Dreyfus Global Correlation With Market

Modest diversification

The correlation between Dreyfus Global Real and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus Global Real 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 Global Real. 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 gross domestic product.

Moving together with Dreyfus Mutual Fund

  0.79DIBRX Dreyfus InternationalPairCorr
  0.8DIBYX Dreyfus InternationalPairCorr
  0.69DIEYX Dreyfus InternationalPairCorr
  0.69DIERX Dreyfus InternationalPairCorr
  0.69DINIX Dreyfus InternationalPairCorr
  0.63DISRX International StockPairCorr
  0.63DISYX International StockPairCorr
  0.86SDGIX Dreyfusstandish GlobalPairCorr
  0.61DNMIX Dreyfus New JerseyPairCorr
  0.67DQEIX Dreyfus Global EquityPairCorr

Moving against Dreyfus Mutual Fund

  0.39DLACX Dreyfus Large CapPairCorr
  0.39DLQIX Dreyfus Large CapPairCorr
  0.37SSETX Dreyfusthe Boston PanyPairCorr
  0.37SSYGX Dreyfusthe Boston PanyPairCorr
  0.37SDSCX Dreyfusthe Boston PanyPairCorr
  0.34DMCYX Dreyfus OpportunisticPairCorr
  0.34DMIDX Dreyfus Midcap IndexPairCorr
  0.32STSVX Dreyfusthe Boston PanyPairCorr
  0.32DNLYX Dreyfus Active MidcapPairCorr
  0.32DNLRX Dreyfus Active MidcapPairCorr
  0.43DRYQX Dreyfus Research GrowthPairCorr
  0.41DTEYX Dreyfus Technology GrowthPairCorr
  0.4DRGYX Dreyfus Strategic ValuePairCorr
  0.4DRGVX Dreyfus Strategic ValuePairCorr
  0.37DBMYX Dreyfusthe Boston PanyPairCorr
  0.34DRTCX The Dreyfus SustainablePairCorr
  0.34DTCYX The Dreyfus SustainablePairCorr
  0.32DQIYX Dreyfus Equity IncomePairCorr
  0.32DQIRX Dreyfus Equity IncomePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Dreyfus Mutual Fund performing well and Dreyfus 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 Dreyfus 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.

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