Dreyfus Large Correlations

Mutual Funds . USA . 
Fund . Dreyfus Large Cap
DLQIX Fund  USD 15.89  0.04  0.25%   
The current 90-days correlation between Dreyfus Large Cap and Nationwide Bailard Technology is -0.09 (i.e., Good diversification). The correlation of Dreyfus Large 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 Large Correlation With Market

Almost no diversification

The correlation between Dreyfus Large Cap and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus Large Cap 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 Large Cap. 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 gross domestic product.

Moving together with Dreyfus Mutual Fund

  0.97SSETX Dreyfusthe Boston PanyPairCorr
  0.73DIEYX Dreyfus InternationalPairCorr
  0.95DIERX Dreyfus InternationalPairCorr
  0.95DIMIX Dreyfus Short IntermPairCorr
  0.74DINIX Dreyfus InternationalPairCorr
  0.92DISRX International StockPairCorr
  0.92DISYX International StockPairCorr
  0.99SSYGX Dreyfusthe Boston PanyPairCorr
  0.98SDSCX Dreyfusthe Boston PanyPairCorr
  0.62DLDYX Dreyfus Natural ResourcesPairCorr
  0.97DLDRX Dreyfus Natural ResourcesPairCorr
  0.68DMCYX Dreyfus OpportunisticPairCorr
  0.98DMIDX Dreyfus Midcap IndexPairCorr
  0.67DNJYX Dreyfus New JerseyPairCorr
  0.61DNLYX Dreyfus Active MidcapPairCorr
  0.67DNLRX Dreyfus Active MidcapPairCorr
  0.68DNMIX Dreyfus New JerseyPairCorr
  0.98DOPIX Dreyfus OpportunisticPairCorr
  0.61DPRIX Dreyfus Worldwide GrowthPairCorr
  1.0DPWRX Dreyfus Worldwide GrowthPairCorr
  0.98DQEIX Dreyfus Global EquityPairCorr
  0.95AVGYX Dynamic Total ReturnPairCorr
  0.95AVGRX Dynamic Total ReturnPairCorr
  1.0DQIYX 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 Large 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 Large'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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