Dreyfus Equity Fund Market Value
| DPUYX Fund | USD 8.69 0.12 1.40% |
| Symbol | Dreyfus |
Dreyfus Us '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 Us' 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 Us.
| 02/28/2023 |
| 04/23/2024 |
If you would invest 0.00 in Dreyfus Us on February 28, 2023 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 Us over 420 days. Dreyfus Us is related to or competes with Dreyfus High, Dreyfus/the Boston, Dreyfus International, Dreyfus International, Dreyfus International, Dreyfus International, and Dreyfus Short. To pursue its goal, the fund normally invests at least 80 percent of its net assets, plus any borrowings for investment ... More
Dreyfus Us 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 Us' 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 | 0.7964 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 3.08 | |||
| Value At Risk | (1.24) | |||
| Potential Upside | 1.36 |
Dreyfus Us Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dreyfus Us' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dreyfus Us' standard deviation. In reality, there are many statistical measures that can use Dreyfus Us historical prices to predict the future Dreyfus Us' volatility.| Risk Adjusted Performance | 0.0475 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0447 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dreyfus Us' 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 Us very steady. Dreyfus Equity secures Sharpe Ratio (or Efficiency) of 0.0796, which denotes the fund had a 0.0796% 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 Us' Downside Deviation of 0.7964, semi deviation of 0.6895, and Mean Deviation of 0.5883 to check if the risk estimate we provide is consistent with the expected return of 0.0605%. The fund shows a Beta (market volatility) of 1.0, which means a somewhat significant risk relative to the market. Dreyfus Us returns are very sensitive to returns on the market. As the market goes up or down, Dreyfus Us is expected to follow.
Auto-correlation | 0.75 |
Good predictability
Dreyfus Equity Fund has good predictability. Overlapping area represents the amount of predictability between Dreyfus Us time series from 28th of February 2023 to 26th of September 2023 and 26th of September 2023 to 23rd 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 0.75 indicates that around 75.0% of current Dreyfus Us price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.34 |
Dreyfus Equity lagged returns against current returns
Autocorrelation, which is Dreyfus Us 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 Us' mutual fund expected returns. We can calculate the autocorrelation of Dreyfus Us returns to help us make a trade decision. For example, suppose you find that Dreyfus Us 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 Us 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 Us mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dreyfus Us 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 Us mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dreyfus Us Lagged Returns
When evaluating Dreyfus Us' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dreyfus Us mutual fund have on its future price. Dreyfus Us 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 Us autocorrelation shows the relationship between Dreyfus Us 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 Us
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 Us 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 Us will appreciate offsetting losses from the drop in the long position's value.Moving together with Dreyfus Mutual Fund
| 0.83 | DHYYX | Dreyfus High Yield | PairCorr |
| 0.74 | SSETX | Dreyfusthe Boston Pany | PairCorr |
| 0.83 | DIEYX | Dreyfus International | PairCorr |
The ability to find closely correlated positions to Dreyfus Us 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 Us 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 Us - 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 Us 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 Us 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 Us 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 Us Correlation, Dreyfus Us Volatility and Dreyfus Us Alpha and Beta module to complement your research on Dreyfus Us. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Dreyfus Us 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.