Dreyfus/the Boston Correlations

Mutual Funds . USA . 
Fund . Dreyfusthe Boston Pany
SSETX Fund  USD 43.49  1.17  2.76%   
The current 90-days correlation between Dreyfusthe Boston Pany and Nuveen Small Cap is 0.92 (i.e., Almost no diversification). The correlation of Dreyfus/the Boston 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/the Boston Correlation With Market

Very poor diversification

The correlation between Dreyfusthe Boston Pany and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfusthe Boston Pany and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Dreyfusthe Boston Pany. 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 housing.

Moving together with Dreyfus/the Mutual Fund

  0.8DIEYX Dreyfus InternationalPairCorr
  0.8DIERX Dreyfus InternationalPairCorr
  0.76DIMIX Dreyfus Short IntermPairCorr
  0.77DINIX Dreyfus InternationalPairCorr
  1.0SSYGX Dreyfusthe Boston PanyPairCorr
  0.94STSVX Dreyfusthe Boston PanyPairCorr
  0.7SDGIX Dreyfusstandish GlobalPairCorr
  0.87DLACX Dreyfus Large CapPairCorr
  0.97SDSCX Dreyfusthe Boston PanyPairCorr
  0.78DLDYX Dreyfus Natural ResourcesPairCorr
  0.78DLDRX Dreyfus Natural ResourcesPairCorr
  0.85DLHRX Dreyfus High YieldPairCorr
  0.87DLQIX Dreyfus Large CapPairCorr
  0.91DMCYX Dreyfus OpportunisticPairCorr
  0.9DMIDX Dreyfus Midcap IndexPairCorr
  0.76DMYBX Dreyfus Short IntermPairCorr
  0.88DNLYX Dreyfus Active MidcapPairCorr
  0.88DNLRX Dreyfus Active MidcapPairCorr
  0.95DOPIX Dreyfus OpportunisticPairCorr
  0.91DPRIX Dreyfus Worldwide GrowthPairCorr
  0.91DPWRX Dreyfus Worldwide GrowthPairCorr
  0.87DQEIX Dreyfus Global EquityPairCorr
  0.83AVGYX Dynamic Total ReturnPairCorr
  0.82AVGRX Dynamic Total ReturnPairCorr
  0.87DQIYX Dreyfus Equity IncomePairCorr
  0.87DQIRX Dreyfus Equity IncomePairCorr

Moving against Dreyfus/the Mutual Fund

  0.36DHYYX Dreyfus High YieldPairCorr

Related Correlations Analysis

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