Dreyfus International Correlations

DIECX Fund

USD 44.72 0.08 0.18%

The current 90-days correlation between Dreyfus International and Abr 7525 Volatility is 0.61 (i.e., Poor diversification). The correlation of Dreyfus International 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 International Correlation With Market

Poor diversification

The correlation between Dreyfus International Equity and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus International Equity 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 International Equity. 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 services.

Moving together with Dreyfus Mutual Fund

0.66	DHGCX	Dreyfusstandish Global	Pair Corr
0.82	DIEAX	Dreyfus International	Pair Corr
0.98	DIISX	Dreyfus International	Pair Corr
0.82	DISSX	Dreyfus Smallcap Stock	Pair Corr
0.71	DITEX	Dreyfus Intermediate	Pair Corr
0.68	PGROX	Dreyfus Worldwide Growth	Pair Corr
0.73	PGRCX	Dreyfus Worldwide Growth	Pair Corr
0.63	THPBX	Dreyfus Balanced Opp	Pair Corr
0.73	DLQAX	Dreyfus Large Cap	Pair Corr
0.78	DMBAX	Dreyfus Short Interm	Pair Corr
0.77	DMCVX	Dreyfus Opportunistic	Pair Corr
0.78	BYSIX	Bny Mellon Short	Pair Corr
0.8	AVGAX	Dynamic Total Return	Pair Corr

Moving against Dreyfus Mutual Fund

0.4	DHYCX	Dreyfus High Yield	Pair Corr
0.31	DHYAX	Dreyfus High Yield	Pair Corr

Related Correlations Analysis

	VOLJX	FUHKBX	FDZBPX	WABMSX	FABWX	AUUIX	FLDFX
VOLJX		0.87	0.93	0.98	0.97	0.99	0.98	VOLJX
FUHKBX	0.87		0.91	0.89	0.86	0.89	0.87	FUHKBX
FDZBPX	0.93	0.91		0.92	0.93	0.94	0.92	FDZBPX
WABMSX	0.98	0.89	0.92		0.95	0.99	0.98	WABMSX
FABWX	0.97	0.86	0.93	0.95		0.97	0.96	FABWX
AUUIX	0.99	0.89	0.94	0.99	0.97		0.98	AUUIX
FLDFX	0.98	0.87	0.92	0.98	0.96	0.98		FLDFX
	VOLJX	FUHKBX	FDZBPX	WABMSX	FABWX	AUUIX	FLDFX

Risk-Adjusted Indicators

There is a big difference between Dreyfus Mutual Fund performing well and Dreyfus International 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 International'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
VOLJX	0.54	0.06	0.07	0.16	0.53	(0.64)	1.63	(0.88)	4.37
FUHKBX	0.43	0.08	(0.02)	(77.07)	0.39	(0.49)	0.94	(0.81)	2.38
FDZBPX	0.27	0.06	(0.09)	4.49	0.13	(0.34)	0.60	(0.59)	1.81
WABMSX	0.43	0.01	(0.02)	0.11	0.37	(0.51)	1.09	(0.75)	2.35
FABWX	0.47	0.15	0.07	(0.69)	0.27	(0.56)	1.23	(0.68)	2.86
AUUIX	0.43	0.06	0.07	0.18	0.22	(0.53)	1.13	(0.68)	2.75
FLDFX	0.32	0.03	(0.05)	0.16	0.00	(0.41)	0.87	(0.53)	1.82

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