Dynamic Total Correlations

Mutual Funds . USA . 
Fund . Dynamic Total Return
AVGCX Fund  USD 12.47  0.03  0.24%   
The current 90-days correlation between Dynamic Total Return and Franklin Growth Opportunities is 0.07 (i.e., Significant diversification). The correlation of Dynamic Total 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.

Dynamic Total Correlation With Market

Good diversification

The correlation between Dynamic Total Return and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dynamic Total Return and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Dynamic Total Return. 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 main economic indicators.

Moving together with Dynamic Mutual Fund

  0.66DIBCX Dreyfus InternationalPairCorr
  0.71DIBAX Dreyfus InternationalPairCorr
  0.93DIEAX Dreyfus InternationalPairCorr
  0.9DIISX Dreyfus InternationalPairCorr
  0.89DISIX Dreyfus Smallcap StockPairCorr
  0.8DISAX International StockPairCorr
  0.62DITEX Dreyfus IntermediatePairCorr
  0.63PGROX Dreyfus Worldwide GrowthPairCorr
  0.62PGRCX Dreyfus Worldwide GrowthPairCorr
  0.68THPBX Dreyfus Balanced OppPairCorr
  0.94DLDCX Dreyfus Natural ResourcesPairCorr
  0.66DLQAX Dreyfus Large CapPairCorr
  0.74DMBAX Dreyfus Short IntermPairCorr
  0.87DMCVX Dreyfus OpportunisticPairCorr
  0.65DNLAX Dreyfus Natural ResourcesPairCorr
  0.92RUDAX Dreyfusthe Boston PanyPairCorr
  0.65DPLTX Dreyfus High YieldPairCorr
  0.68BYSYX Bny Mellon ShortPairCorr
  0.69BYSIX Bny Mellon ShortPairCorr
  0.7BYSAX Bny Mellon ShortPairCorr
  1.0AVGAX Dynamic Total ReturnPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Dynamic Mutual Fund performing well and Dynamic Total 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 Dynamic Total'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.

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