Dreyfus/the Boston Correlations

Mutual Funds . USA . 
Fund . Dreyfusthe Boston Pany
SSYGX Fund  USD 43.01  0.15  0.35%   
The current 90-days correlation between Dreyfusthe Boston Pany and The Gabelli Healthcare is 0.18 (i.e., Average diversification). The correlation of Dreyfus/the Boston 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/the Boston Correlation With Market

Very poor diversification

The correlation between Dreyfusthe Boston Pany and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfusthe Boston Pany and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Dreyfusthe Boston Pany. 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 price.

Moving together with Dreyfus/the Mutual Fund

  0.97SSETX Dreyfusthe Boston PanyPairCorr
  0.91STSVX Dreyfusthe Boston PanyPairCorr
  0.93DLACX Dreyfus Large CapPairCorr
  0.99SDSCX Dreyfusthe Boston PanyPairCorr
  0.74DLDYX Dreyfus Natural ResourcesPairCorr
  0.74DLDRX Dreyfus Natural ResourcesPairCorr
  0.64DLHRX Dreyfus High YieldPairCorr
  0.93DLQIX Dreyfus Large CapPairCorr
  0.98DMCYX Dreyfus OpportunisticPairCorr
  0.98DMIDX Dreyfus Midcap IndexPairCorr
  0.97DNLYX Dreyfus Active MidcapPairCorr
  0.97DNLRX Dreyfus Active MidcapPairCorr
  0.89DOPIX Dreyfus OpportunisticPairCorr
  0.79DPTRX Dreyfus Tax ManagedPairCorr
  0.84AVGYX Dynamic Total ReturnPairCorr
  0.83AVGRX Dynamic Total ReturnPairCorr
  0.88DQIYX Dreyfus Equity IncomePairCorr

Moving against Dreyfus/the Mutual Fund

  0.75DIBRX Dreyfus InternationalPairCorr
  0.75DIBYX Dreyfus InternationalPairCorr
  0.75DIEYX Dreyfus InternationalPairCorr
  0.75DIERX Dreyfus InternationalPairCorr
  0.68DISRX International StockPairCorr
  0.68DISYX International StockPairCorr
  0.65DINIX Dreyfus InternationalPairCorr
  0.46SDGIX Dreyfusstandish GlobalPairCorr
  0.68NIEYX Dreyfus/newton InternationalPairCorr
  0.46DSDYX Dreyfusstandish GlobalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Dreyfus/the Mutual Fund performing well and Dreyfus/the Boston 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/the Boston'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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