Dreyfus California Amt Free Fund Quote
| DCACX Fund | USD 13.39 0.03 0.22% |
Performance0 of 100
| Odds Of DistressLess than 22
|
Dreyfus California is trading at 13.39 as of the 24th of April 2024; that is -0.22 percent decrease since the beginning of the trading day. The fund's open price was 13.42. Dreyfus California has about a 22 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Dreyfus California Amt Free are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of February 2024 and ending today, the 24th of April 2024. Click here to learn more.
The fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in municipal bonds that provide income exempt from federal and California state personal income taxes and the federal alternative minimum tax. More on Dreyfus California Amt Free
Moving together with Dreyfus Mutual Fund
| 0.7 | DHGCX | Dreyfusstandish Global | PairCorr |
| 0.62 | DHGAX | Dreyfusstandish Global | PairCorr |
| 0.78 | DHMBX | Dreyfus High Yield | PairCorr |
| 0.8 | DHYCX | Dreyfus High Yield | PairCorr |
| 0.68 | DIBAX | Dreyfus International | PairCorr |
Dreyfus Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Dreyfus California's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Dreyfus California or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | BNY Mellon Funds, Large Funds, Muni California Long Funds, Muni California Long, BNY Mellon (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 30th of September 2022 |
| Fiscal Year End | May |
Dreyfus California Amt Free [DCACX] is traded in USA and was established 24th of April 2024. Dreyfus California is listed under BNY Mellon category by Fama And French industry classification. The fund is listed under Muni California Long category and is part of BNY Mellon family. This fund currently has accumulated 625.96 M in assets under management (AUM) with no minimum investment requirementsDreyfus California Amt is currently producing year-to-date (YTD) return of 0.04% with the current yeild of 0.0%, while the total return for the last 3 years was -2.56%.
Check Dreyfus California Probability Of Bankruptcy
Instrument Allocation
Dreyfus California Target Price Odds Analysis
Based on a normal probability distribution, the odds of Dreyfus California jumping above the current price in 90 days from now is more than 94.0%. The Dreyfus California Amt Free probability density function shows the probability of Dreyfus California mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Dreyfus California Amt Free has a beta of -0.0221 suggesting as returns on the benchmark increase, returns on holding Dreyfus California are expected to decrease at a much lower rate. During a bear market, however, Dreyfus California Amt Free is likely to outperform the market. Additionally, dreyfus California Amt Free has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Dreyfus California to move above the current price in 90 days from now is more than 94.0 (This Dreyfus California Amt Free probability density function shows the probability of Dreyfus Mutual Fund to fall within a particular range of prices over 90 days) .
Dreyfus California Amt Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Dreyfus California market risk premium is the additional return an investor will receive from holding Dreyfus California long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Dreyfus California. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Dreyfus California's alpha and beta are two of the key measurements used to evaluate Dreyfus California's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.1337 | |||
| Standard Deviation | 0.1905 | |||
| Variance | 0.0363 | |||
| Risk Adjusted Performance | (0.05) |
Dreyfus California Against Markets
Picking the right benchmark for Dreyfus California mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Dreyfus California mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Dreyfus California is critical whether you are bullish or bearish towards Dreyfus California Amt Free at a given time. Please also check how Dreyfus California's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Dreyfus California without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Dreyfus Mutual Fund?
Before investing in Dreyfus California, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Dreyfus California. To buy Dreyfus California fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Dreyfus California. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Dreyfus California fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Dreyfus California Amt Free fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Dreyfus California Amt Free fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Dreyfus California Amt Free, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Dreyfus California Amt Free?
The danger of trading Dreyfus California Amt Free is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Dreyfus California is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Dreyfus California. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Dreyfus California Amt is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dreyfus California Amt Free. 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 main economic indicators. Note that the Dreyfus California Amt information on this page should be used as a complementary analysis to other Dreyfus California's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.