Dreyfus Smallcap Correlations
| DISSX Fund | USD 25.42 0.02 0.08% |
The current 90-days correlation between Dreyfus Smallcap Stock and Fidelity Small Cap is 0.96 (i.e., Almost no diversification). The correlation of Dreyfus Smallcap 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 Smallcap Correlation With Market
Very poor diversification
The correlation between Dreyfus Smallcap Stock and NYA is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dreyfus Smallcap Stock and NYA in the same portfolio, assuming nothing else is changed.
Dreyfus |
Moving together with Dreyfus Mutual Fund
| 0.61 | DIBAX | Dreyfus International | PairCorr |
| 0.9 | DIECX | Dreyfus International | PairCorr |
| 0.9 | DIEAX | Dreyfus International | PairCorr |
| 0.82 | DIISX | Dreyfus International | PairCorr |
| 1.0 | DISIX | Dreyfus Smallcap Stock | PairCorr |
| 0.71 | DISCX | International Stock | PairCorr |
| 0.71 | DISAX | International Stock | PairCorr |
| 0.67 | PGROX | Dreyfus Worldwide Growth | PairCorr |
| 0.66 | PGRCX | Dreyfus Worldwide Growth | PairCorr |
| 0.66 | THPBX | Dreyfus Balanced Opp | PairCorr |
| 0.63 | DLQAX | Dreyfus Large Cap | PairCorr |
| 0.89 | DMCVX | Dreyfus Opportunistic | PairCorr |
| 0.88 | DMECX | Dreyfus Select Managers | PairCorr |
| 0.8 | DNLDX | Dreyfus Active Midcap | PairCorr |
| 0.96 | RUDAX | Dreyfusthe Boston Pany | PairCorr |
| 0.87 | DRLAX | Dreyfus Global Real | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Dreyfus Mutual Fund performing well and Dreyfus Smallcap 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 Smallcap'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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FSSNX | 0.88 | (0.01) | (0.01) | (0.01) | 1.13 | 1.80 | 4.70 | |||
| SCRYY | 2.11 | (0.09) | 0.00 | (0.05) | 0.00 | 4.01 | 15.76 | |||
| AQUI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MSTSX | 0.48 | 0.03 | 0.03 | 0.03 | 0.73 | 0.92 | 3.08 | |||
| VIASP | 1.32 | 0.29 | 0.13 | 0.21 | 1.79 | 3.96 | 13.41 | |||
| KNF | 1.45 | (0.08) | 0.00 | (0.05) | 0.00 | 2.47 | 8.13 | |||
| ARGGY | 2.07 | (0.16) | 0.00 | (0.09) | 0.00 | 4.40 | 10.12 | |||
| AMPL | 3.37 | 0.04 | 0.01 | 0.99 | 5.51 | 7.08 | 34.55 | |||
| IO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |