Dreyfus Intermediate Correlations

DITEX Fund

USD 12.82 0.01 0.08%

The current 90-days correlation between Dreyfus Intermediate and Small Pany Fund is -0.1 (i.e., Good diversification). The correlation of Dreyfus Intermediate 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 Intermediate Correlation With Market

Average diversification

The correlation between Dreyfus Intermediate Municipal and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus Intermediate Municipal 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 Intermediate Municipal. 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

0.97	VWITX	Vanguard Intermediate	Pair Corr
0.97	VWIUX	Vanguard Intermediate	Pair Corr
0.94	AFTEX	Tax Exempt Bond	Pair Corr
0.99	AFTFX	Tax Exempt Bond	Pair Corr
0.95	TEBCX	Tax Exempt Bond	Pair Corr
0.94	TEAFX	Tax Exempt Bond	Pair Corr
0.99	TFEBX	Tax Exempt Bond	Pair Corr
0.99	FLTMX	Fidelity Intermediate	Pair Corr
0.96	GSMUX	Goldman Sachs Dynamic	Pair Corr
0.95	GSMIX	Goldman Sachs Dynamic	Pair Corr
0.8	VFFIX	Victory Incore	Pair Corr
0.76	VASIX	Vanguard Lifestrategy	Pair Corr
0.99	TMUUX	Municipal Bond	Pair Corr
0.85	FLBDX	Total Return Bond	Pair Corr
0.84	PISIX	Pimco International	Pair Corr
0.93	ABIMX	Ab Impact Municipal	Pair Corr

Moving against Dreyfus Mutual Fund

0.65	MBIRX	Morgan Stanley Insight	Pair Corr
0.64	MGHRX	Morgan Stanley Insti	Pair Corr
0.64	MGRPX	Growth Portfolio Class	Pair Corr
0.64	MCRTX	Morgan Stanley Multi	Pair Corr
0.62	MSGUX	Growth Portfolio Class	Pair Corr
0.62	MSCMX	Morgan Stanley Multi	Pair Corr

Related Correlations Analysis

	FOSBX	FOSCX	AIEAX	AAISX	AILCX	AAIPX	CSVAX	RSIVX	WMLIX	TUHYX
FOSBX		1.0	0.03	0.03	0.04	0.03	-0.25	0.31	0.55	0.06	FOSBX
FOSCX	1.0		0.04	0.04	0.06	0.04	-0.25	0.33	0.53	0.07	FOSCX
AIEAX	0.03	0.04		1.0	1.0	1.0	0.61	0.55	0.04	0.77	AIEAX
AAISX	0.03	0.04	1.0		1.0	1.0	0.61	0.55	0.04	0.77	AAISX
AILCX	0.04	0.06	1.0	1.0		1.0	0.61	0.56	0.04	0.77	AILCX
AAIPX	0.03	0.04	1.0	1.0	1.0		0.62	0.55	0.04	0.77	AAIPX
CSVAX	-0.25	-0.25	0.61	0.61	0.61	0.62		0.09	0.08	0.4	CSVAX
RSIVX	0.31	0.33	0.55	0.55	0.56	0.55	0.09		-0.17	0.62	RSIVX
WMLIX	0.55	0.53	0.04	0.04	0.04	0.04	0.08	-0.17		0.09	WMLIX
TUHYX	0.06	0.07	0.77	0.77	0.77	0.77	0.4	0.62	0.09		TUHYX
	FOSBX	FOSCX	AIEAX	AAISX	AILCX	AAIPX	CSVAX	RSIVX	WMLIX	TUHYX

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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

FOSCX	+ 1.0	FOSBX
AAISX	+ 1.0	AIEAX
AILCX	+ 1.0	AIEAX
AAIPX	+ 1.0	AIEAX
AILCX	+ 1.0	AAISX
AAIPX	+ 1.0	AAISX

High negative correlations

CSVAX	- 0.25	FOSCX
CSVAX	- 0.25	FOSBX
WMLIX	- 0.17	RSIVX

Risk-Adjusted Indicators

There is a big difference between Dreyfus Mutual Fund performing well and Dreyfus Intermediate 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 Intermediate'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
FOSBX	0.89	(0.09)	0.00	0.41	0.00	0.00	2.13	(1.60)	9.19
FOSCX	0.89	(0.09)	0.00	0.41	0.00	0.00	2.13	(1.61)	8.91
AIEAX	0.57	0.05	0.00	0.28	0.62	(0.60)	1.16	(1.10)	3.36
AAISX	0.56	0.05	0.00	0.27	0.62	(0.61)	1.11	(1.05)	3.36
AILCX	0.55	0.05	(0.01)	0.26	0.60	(0.59)	1.11	(1.05)	3.38
AAIPX	0.56	0.05	0.00	0.27	0.60	(0.61)	1.16	(1.04)	3.39
CSVAX	0.56	0.08	0.02	0.61	0.68	(0.55)	1.12	(1.13)	3.16
RSIVX	0.07	(0.01)	(0.41)	(0.21)	0.06	(0.13)	0.12	(0.12)	0.58
WMLIX	0.75	(0.10)	0.00	0.43	0.00	0.00	1.20	(1.56)	11.36
TUHYX	0.14	0.00	(0.29)	0.12	0.06	(0.23)	0.48	(0.24)	1.08

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