Dreyfus Equity Fund Market Value
| DPUIX Fund | USD 8.71 0.11 1.28% |
| Symbol | Dreyfus |
Dreyfus Equity 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Dreyfus Equity's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Dreyfus Equity.
| 02/24/2024 |
| 04/24/2024 |
If you would invest 0.00 in Dreyfus Equity on February 24, 2024 and sell it all today you would earn a total of 0.00 from holding Dreyfus Equity Fund or generate 0.0% return on investment in Dreyfus Equity over 60 days. Dreyfus Equity is related to or competes with Amana Income, Amana Income, Amana Developing, and Amana Developing. To pursue its goal, the fund normally invests at least 80 percent of its net assets, plus any borrowings for investment ... More
Dreyfus Equity Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Dreyfus Equity's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Dreyfus Equity Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8421 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 3.01 | |||
| Value At Risk | (1.23) | |||
| Potential Upside | 1.36 |
Dreyfus Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dreyfus Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dreyfus Equity's standard deviation. In reality, there are many statistical measures that can use Dreyfus Equity historical prices to predict the future Dreyfus Equity's volatility.| Risk Adjusted Performance | 0.0512 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0484 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dreyfus Equity's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Dreyfus Equity Backtested Returns
We consider Dreyfus Equity very steady. Dreyfus Equity secures Sharpe Ratio (or Efficiency) of 0.0647, which denotes the fund had a 0.0647% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Dreyfus Equity Fund, which you can use to evaluate the volatility of the entity. Please confirm Dreyfus Equity's Semi Deviation of 0.6983, downside deviation of 0.8421, and Mean Deviation of 0.5947 to check if the risk estimate we provide is consistent with the expected return of 0.0491%. The fund shows a Beta (market volatility) of 1.02, which means a somewhat significant risk relative to the market. Dreyfus Equity returns are very sensitive to returns on the market. As the market goes up or down, Dreyfus Equity is expected to follow.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
Dreyfus Equity Fund has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Dreyfus Equity time series from 24th of February 2024 to 25th of March 2024 and 25th of March 2024 to 24th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Dreyfus Equity price movement. The serial correlation of -0.77 indicates that around 77.0% of current Dreyfus Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Dreyfus Equity lagged returns against current returns
Autocorrelation, which is Dreyfus Equity mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Dreyfus Equity's mutual fund expected returns. We can calculate the autocorrelation of Dreyfus Equity returns to help us make a trade decision. For example, suppose you find that Dreyfus Equity has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Dreyfus Equity regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Dreyfus Equity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dreyfus Equity mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dreyfus Equity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dreyfus Equity Lagged Returns
When evaluating Dreyfus Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dreyfus Equity mutual fund have on its future price. Dreyfus Equity autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Dreyfus Equity autocorrelation shows the relationship between Dreyfus Equity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dreyfus Equity Fund.
Regressed Prices |
| Timeline |
Pair Trading with Dreyfus Equity
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Dreyfus Equity position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Dreyfus Equity will appreciate offsetting losses from the drop in the long position's value.Moving together with Dreyfus Mutual Fund
| 0.81 | DHYYX | Dreyfus High Yield | PairCorr |
| 0.72 | SSETX | Dreyfusthe Boston Pany | PairCorr |
| 0.82 | DIERX | Dreyfus International | PairCorr |
The ability to find closely correlated positions to Dreyfus Equity could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dreyfus Equity when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Dreyfus Equity - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Dreyfus Equity Fund to buy it.
The correlation of Dreyfus Equity 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dreyfus Equity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dreyfus Equity moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Dreyfus Equity can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Dreyfus Equity Correlation, Dreyfus Equity Volatility and Dreyfus Equity Alpha and Beta module to complement your research on Dreyfus Equity. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Dreyfus Equity technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.