Barry Mills - Dreyfus Technology Fund Manager
| DGVRX Fund | USD 68.24 1.61 2.42% |
Mills is a portfolio manager and senior managing analyst with Drefyus, his employer since 1999. Prior to joining the firm, he served as a portfolio manager with Phoenix Funds. From 1995February 1997, he served as Director of Research for Howe and Rusling, Inc.
| Phone | 800-373-9387 |
Dreyfus Technology Management Performance (%)
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Dreyfus Technology Growth Leadership Team
Elected by the shareholders, the Dreyfus Technology's board of directors comprises two types of representatives: Dreyfus Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of DREYFUS. The board's role is to monitor Dreyfus Technology's management team and ensure that shareholders' interests are well served. Dreyfus Technology's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Dreyfus Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Barry Mills, Fund Manager | ||
| Erik Swords, Fund Manager |
DREYFUS Fund Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right mutual fund is not an easy task. Is Dreyfus Technology a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Price To Earning | 28.08 X | ||||
| Price To Book | 5.94 X | ||||
| Price To Sales | 5.01 X | ||||
| Total Asset | 482.51 M | ||||
| Year To Date Return | 5.52 % | ||||
| One Year Return | 42.81 % | ||||
| Three Year Return | (0.82) % | ||||
| Five Year Return | 12.23 % | ||||
| Ten Year Return | 16.00 % | ||||
| Net Asset | 352.51 M |
Pair Trading with Dreyfus Technology
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 Technology 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 Technology will appreciate offsetting losses from the drop in the long position's value.Moving against DREYFUS Mutual Fund
| 0.76 | NOGWQ | Nogin Inc | PairCorr |
| 0.72 | DLPX | Delphax Technologies | PairCorr |
| 0.65 | DMAN | Innovativ Media Group | PairCorr |
| 0.53 | ELCO | Elcom International | PairCorr |
| 0.48 | VIDE | Video Display Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Dreyfus Technology 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 Technology 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 Technology - 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 Technology Growth to buy it.
The correlation of Dreyfus Technology 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 Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dreyfus Technology Growth 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 Technology 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dreyfus Technology Growth. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the AI Investment Finder module to use AI to screen and filter profitable investment opportunities.