Dreyfus Active Correlations

DNLRX Fund

USD 65.03 0.19 0.29%

The current 90-days correlation between Dreyfus Active Midcap and Wabmsx is -0.11 (i.e., Good diversification). The correlation of Dreyfus Active 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 Active Correlation With Market

Very poor diversification

The correlation between Dreyfus Active Midcap and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus Active Midcap 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 Active Midcap. 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 real.

Moving together with Dreyfus Mutual Fund

0.68	DISYX	International Stock	Pair Corr
0.66	SDSCX	Dreyfusthe Boston Pany	Pair Corr
0.94	DMIDX	Dreyfus Midcap Index	Pair Corr
0.7	DNLYX	Dreyfus Active Midcap	Pair Corr
0.85	DOPIX	Dreyfus Opportunistic	Pair Corr
0.7	DRLIX	Dreyfus Global Real	Pair Corr
0.85	DSCYX	Dreyfus Opportunistic	Pair Corr

Related Correlations Analysis

	WABMSX	AUUIX	FVKVWX	ABVCX	REMVX	LMUSX	VOLJX
WABMSX		0.84	0.41	0.88	0.84	0.83	0.86	WABMSX
AUUIX	0.84		0.55	0.89	0.9	0.98	0.95	AUUIX
FVKVWX	0.41	0.55		0.67	0.56	0.48	0.38	FVKVWX
ABVCX	0.88	0.89	0.67		0.88	0.88	0.85	ABVCX
REMVX	0.84	0.9	0.56	0.88		0.88	0.86	REMVX
LMUSX	0.83	0.98	0.48	0.88	0.88		0.95	LMUSX
VOLJX	0.86	0.95	0.38	0.85	0.86	0.95		VOLJX
	WABMSX	AUUIX	FVKVWX	ABVCX	REMVX	LMUSX	VOLJX

Risk-Adjusted Indicators

There is a big difference between Dreyfus Mutual Fund performing well and Dreyfus Active 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 Active'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
WABMSX	0.50	0.04	(0.01)	0.83	0.78	(0.50)	1.05	(1.39)	3.37
AUUIX	0.48	0.02	0.01	0.08	0.73	(0.46)	1.01	(0.87)	3.34
FVKVWX	0.63	0.06	0.01	0.62	0.84	(0.65)	1.34	(1.29)	3.79
ABVCX	0.53	0.07	0.03	0.82	0.60	(0.60)	1.23	(1.12)	3.47
REMVX	0.65	0.13	0.12	0.26	0.71	(0.73)	1.38	(0.83)	4.64
LMUSX	0.56	0.05	0.04	0.10	0.74	(0.53)	1.25	(1.38)	3.59
VOLJX	0.57	0.03	0.02	0.09	0.91	(0.56)	1.36	(1.22)	3.88

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Dreyfus Active Correlations

Dreyfus Active Correlation With Market

Very poor diversification

Moving together with Dreyfus Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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