Dreyfus Global Correlations

Mutual Funds . USA . 
Fund . Dreyfus Global Emerging
DGEAX Fund  USD 25.36  0.11  0.43%   
The current 90-days correlation between Dreyfus Global Emerging and Fkhemx is 0.69 (i.e., Poor 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

Very weak diversification

The correlation between Dreyfus Global Emerging and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus Global Emerging 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 Emerging. 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 nation.

Moving together with Dreyfus Mutual Fund

  0.87DHGCX Dreyfusstandish GlobalPairCorr
  0.88DHGAX Dreyfusstandish GlobalPairCorr
  0.89DHMBX Dreyfus High YieldPairCorr
  0.84DHYCX Dreyfus High YieldPairCorr
  0.96DHYAX Dreyfus High YieldPairCorr
  0.96DZNJX Dreyfus New JerseyPairCorr
  0.73DIISX Dreyfus InternationalPairCorr
  0.69DISAX International StockPairCorr
  0.89DITEX Dreyfus IntermediatePairCorr
  0.86PGROX Dreyfus Worldwide GrowthPairCorr
  0.85PGRCX Dreyfus Worldwide GrowthPairCorr
  0.82THPBX Dreyfus Balanced OppPairCorr
  0.89DLQAX Dreyfus Large CapPairCorr
  0.84DMBCX Dreyfus Municipal BondPairCorr
  0.96DMBZX Dreyfus Municipal BondPairCorr
  0.96DMUCX Dreyfus Amt FreePairCorr
  0.96DMUAX Dreyfus Amt FreePairCorr
  0.74DNLAX Dreyfus Natural ResourcesPairCorr
  0.96DNYAX DnyaxPairCorr
  0.81DPLTX Dreyfus High YieldPairCorr
  0.67BYSYX Bny Mellon ShortPairCorr
  0.82BYSIX Bny Mellon ShortPairCorr
  0.81BYSAX Bny Mellon ShortPairCorr
  0.62AVGCX Dynamic Total ReturnPairCorr
  0.83AVGAX Dynamic Total ReturnPairCorr
  0.85PNYCX Dreyfus New YorkPairCorr
  0.81DQICX Dreyfus Equity IncomePairCorr

Related Correlations Analysis


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.

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
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY