Dreyfus Opportunistic Correlations

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USD 35.23 0.44 1.26%

The current 90-days correlation between Dreyfus Opportunistic and Amg Managers Skyline is 0.65 (i.e., Poor diversification). The correlation of Dreyfus Opportunistic 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 Opportunistic Correlation With Market

Very poor diversification

The correlation between Dreyfus Opportunistic Small 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 Opportunistic Small 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 Opportunistic Small. 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 unemployment.

Moving together with Dreyfus Mutual Fund

0.83	DIMIX	Dreyfus Short Interm	Pair Corr
0.73	DINIX	Dreyfus International	Pair Corr
0.67	DISRX	International Stock	Pair Corr
0.67	DISYX	International Stock	Pair Corr
0.62	DLACX	Dreyfus Large Cap	Pair Corr
0.87	DLDYX	Dreyfus Natural Resources	Pair Corr
0.87	DLDRX	Dreyfus Natural Resources	Pair Corr
0.87	DLHRX	Dreyfus High Yield	Pair Corr
0.62	DLQIX	Dreyfus Large Cap	Pair Corr
0.81	DMCYX	Dreyfus Opportunistic	Pair Corr
0.96	DMIDX	Dreyfus Midcap Index	Pair Corr
0.75	DMYBX	Dreyfus Short Interm	Pair Corr
0.63	DNLYX	Dreyfus Active Midcap	Pair Corr
0.64	DNLRX	Dreyfus Active Midcap	Pair Corr
1.0	DOPIX	Dreyfus Opportunistic	Pair Corr
0.63	DPRIX	Dreyfus Worldwide Growth	Pair Corr
0.63	DPWRX	Dreyfus Worldwide Growth	Pair Corr
0.64	DQEIX	Dreyfus Global Equity	Pair Corr
0.91	DQIYX	Dreyfus Equity Income	Pair Corr
0.91	DQIRX	Dreyfus Equity Income	Pair Corr
0.89	DRGYX	Dreyfus Strategic Value	Pair Corr
0.89	DRGVX	Dreyfus Strategic Value	Pair Corr

Moving against Dreyfus Mutual Fund

0.75

DBMYX

Dreyfusthe Boston Pany

Pair Corr

Related Correlations Analysis

	SKSEX	LVOLX	MSCFX	DNMDX	HSFNX	JRS	LGI	CRMSX	ADNRX
SKSEX		0.67	0.75	0.75	0.85	-0.33	0.77	0.86	-0.13	SKSEX
LVOLX	0.67		0.61	0.71	0.62	-0.33	0.52	0.7	-0.37	LVOLX
MSCFX	0.75	0.61		0.68	0.83	-0.33	0.81	0.92	-0.03	MSCFX
DNMDX	0.75	0.71	0.68		0.86	-0.78	0.53	0.87	-0.66	DNMDX
HSFNX	0.85	0.62	0.83	0.86		-0.63	0.73	0.94	-0.3	HSFNX
JRS	-0.33	-0.33	-0.33	-0.78	-0.63		-0.15	-0.51	0.75	JRS
LGI	0.77	0.52	0.81	0.53	0.73	-0.15		0.81	0.18	LGI
CRMSX	0.86	0.7	0.92	0.87	0.94	-0.51	0.81		-0.28	CRMSX
ADNRX	-0.13	-0.37	-0.03	-0.66	-0.3	0.75	0.18	-0.28		ADNRX
	SKSEX	LVOLX	MSCFX	DNMDX	HSFNX	JRS	LGI	CRMSX	ADNRX

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

CRMSX	+ 0.94	HSFNX
CRMSX	+ 0.92	MSCFX
CRMSX	+ 0.87	DNMDX
CRMSX	+ 0.86	SKSEX
HSFNX	+ 0.86	DNMDX
HSFNX	+ 0.85	SKSEX

High negative correlations

JRS	- 0.78	DNMDX
ADNRX	- 0.66	DNMDX
JRS	- 0.63	HSFNX
CRMSX	- 0.51	JRS
ADNRX	- 0.37	LVOLX
JRS	- 0.33	MSCFX

Risk-Adjusted Indicators

There is a big difference between Dreyfus Mutual Fund performing well and Dreyfus Opportunistic 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 Opportunistic'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
SKSEX	0.89	0.08	0.07	0.17	0.91	(1.01)	1.93	(1.74)	7.82
LVOLX	0.70	0.01	(0.01)	0.10	1.39	(0.78)	1.19	(0.97)	10.29
MSCFX	0.98	(0.01)	0.02	0.08	1.13	(1.04)	2.43	(1.87)	5.14
DNMDX	0.05	0.02	(0.74)	0.52	0.00	(0.07)	0.17	(0.10)	0.31
HSFNX	1.31	0.20	0.14	0.25	1.37	(1.69)	3.58	(1.94)	12.92
JRS	0.53	(0.10)	0.00	(0.17)	0.00	0.00	1.18	(1.03)	3.78
LGI	0.62	0.00	(0.03)	0.08	0.82	(0.65)	1.25	(0.99)	3.79
CRMSX	0.82	0.03	0.04	0.11	0.96	(0.92)	2.10	(1.74)	4.56
ADNRX	1.79	(0.24)	0.00	(0.04)	0.00	0.00	3.66	(4.64)	9.43

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