Dreyfus/the Boston Correlations

Mutual Funds . USA . 
Fund . Dreyfusthe Boston Pany
DBMYX Fund  USD 31.40  0.30  0.96%   
The current 90-days correlation between Dreyfusthe Boston Pany and Siit Equity Factor is -0.09 (i.e., Good 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 0.87 (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 Investing Opportunities 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 manufacturing.

Moving together with Dreyfus/the Mutual Fund

  0.97SSETX Dreyfusthe Boston PanyPairCorr
  0.96DIEYX Dreyfus InternationalPairCorr
  0.96DIERX Dreyfus InternationalPairCorr
  0.94DIMIX Dreyfus Short IntermPairCorr
  0.96DINIX Dreyfus InternationalPairCorr
  0.93DISRX International StockPairCorr
  0.93DISYX International StockPairCorr
  0.97SSYGX Dreyfusthe Boston PanyPairCorr
  0.96STSVX Dreyfusthe Boston PanyPairCorr
  0.98DLACX Dreyfus Large CapPairCorr
  1.0SDSCX Dreyfusthe Boston PanyPairCorr
  0.96DLDYX Dreyfus Natural ResourcesPairCorr
  0.96DLDRX Dreyfus Natural ResourcesPairCorr
  0.97DLHRX Dreyfus High YieldPairCorr
  0.99DLQIX Dreyfus Large CapPairCorr
  0.98DMCYX Dreyfus OpportunisticPairCorr
  0.97DMIDX Dreyfus Midcap IndexPairCorr
  0.94DMYBX Dreyfus Short IntermPairCorr
  0.98DNLYX Dreyfus Active MidcapPairCorr
  0.98DNLRX Dreyfus Active MidcapPairCorr
  0.97DOPIX Dreyfus OpportunisticPairCorr
  0.99DPRIX Dreyfus Worldwide GrowthPairCorr
  0.98DPWRX Dreyfus Worldwide GrowthPairCorr
  0.97DQEIX Dreyfus Global EquityPairCorr
  0.94AVGYX Dynamic Total ReturnPairCorr
  0.95AVGRX Dynamic Total ReturnPairCorr
  0.99DQIYX Dreyfus Equity IncomePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Dreyfus/the Mutual Fund performing well and Dreyfus/the Boston 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/the Boston'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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