Dreyfus Yield Correlations

Mutual Funds . USA . 
Fund . Dreyfus Yield Enhancement
DABKX Fund  USD 11.15  0.01  0.09%   
The current 90-days correlation between Dreyfus Yield Enhancement and Fidelity Advisor Gold is -0.13 (i.e., Good diversification). The correlation of Dreyfus Yield 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 Yield Correlation With Market

Very weak diversification

The correlation between Dreyfus Yield Enhancement and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus Yield Enhancement 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 Yield Enhancement. 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 industry.

Moving together with Dreyfus Mutual Fund

  0.96SSETX Dreyfusthe Boston PanyPairCorr
  0.94DIEYX Dreyfus InternationalPairCorr
  0.94DIERX Dreyfus InternationalPairCorr
  0.96DIMIX Dreyfus Short IntermPairCorr
  0.93DINIX Dreyfus InternationalPairCorr
  0.88DISRX International StockPairCorr
  0.88DISYX International StockPairCorr
  0.96SSYGX Dreyfusthe Boston PanyPairCorr
  0.97STSVX Dreyfusthe Boston PanyPairCorr
  0.97DLACX Dreyfus Large CapPairCorr
  0.97SDSCX Dreyfusthe Boston PanyPairCorr
  0.96DLDYX Dreyfus Natural ResourcesPairCorr
  0.96DLDRX Dreyfus Natural ResourcesPairCorr
  0.98DLHRX Dreyfus High YieldPairCorr
  0.97DLQIX Dreyfus Large CapPairCorr
  0.94DMCYX Dreyfus OpportunisticPairCorr
  0.95DMIDX Dreyfus Midcap IndexPairCorr
  0.95DMYBX Dreyfus Short IntermPairCorr
  0.62DNJYX Dreyfus New JerseyPairCorr
  0.95DNLYX Dreyfus Active MidcapPairCorr
  0.95DNLRX Dreyfus Active MidcapPairCorr
  0.97DOPIX Dreyfus OpportunisticPairCorr
  0.96DPRIX Dreyfus Worldwide GrowthPairCorr
  0.96DPWRX Dreyfus Worldwide GrowthPairCorr
  0.95DQEIX Dreyfus Global EquityPairCorr
  0.96AVGYX Dynamic Total ReturnPairCorr
  0.96AVGRX Dynamic Total ReturnPairCorr
  0.97DQIYX Dreyfus Equity IncomePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Dreyfus Mutual Fund performing well and Dreyfus Yield 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 Yield'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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