Dreyfus High Yield Fund Quote
| DHMBX Fund | USD 10.74 0.01 0.09% |
Performance6 of 100
| Odds Of DistressLess than 20
|
Dreyfus High is trading at 10.74 as of the 23rd of April 2024; that is 0.09 percent up since the beginning of the trading day. The fund's open price was 10.73. Dreyfus High has about a 20 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Dreyfus High Yield are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 4th of May 2022 and ending today, the 23rd of April 2024. Click here to learn more.
To pursue its goals, 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 personal income tax. The dollar-weighted average maturity of the funds portfolio normally exceeds ten years, but the fund may invest without regard to maturity.. More on Dreyfus High Yield
Moving together with Dreyfus Mutual Fund
| 0.74 | DHGCX | Dreyfusstandish Global | PairCorr |
| 0.78 | DHGAX | Dreyfusstandish Global | PairCorr |
| 0.95 | DHYCX | Dreyfus High Yield | PairCorr |
| 1.0 | DHYAX | Dreyfus High Yield | PairCorr |
| 0.83 | DZNJX | Dreyfus New Jersey | 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 High's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Dreyfus High 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, High Yield Muni Funds, High Yield Muni, BNY Mellon (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 30th of December 2022 |
| Fiscal Year End | August |
Dreyfus High Yield [DHMBX] is traded in USA and was established 23rd of April 2024. Dreyfus High is listed under BNY Mellon category by Fama And French industry classification. The fund is listed under High Yield Muni category and is part of BNY Mellon family. This fund currently has accumulated 251.08 M in assets under management (AUM) with minimum initial investment of 1 K. Dreyfus High Yield is currently producing year-to-date (YTD) return of 0.18% with the current yeild of 0.0%, while the total return for the last 3 years was -2.76%.
Check Dreyfus High Probability Of Bankruptcy
Instrument Allocation
Dreyfus High Target Price Odds Analysis
Based on a normal probability distribution, the odds of Dreyfus High jumping above the current price in 90 days from now is about 70.73%. The Dreyfus High Yield probability density function shows the probability of Dreyfus High mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Dreyfus High has a beta of 0.1404 suggesting as returns on the market go up, Dreyfus High average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Dreyfus High Yield will be expected to be much smaller as well. Additionally, dreyfus High Yield 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 High to move above the current price in 90 days from now is about 70.73 (This Dreyfus High Yield probability density function shows the probability of Dreyfus Mutual Fund to fall within a particular range of prices over 90 days) .
Dreyfus High Yield Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Dreyfus High market risk premium is the additional return an investor will receive from holding Dreyfus High 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 High. 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 High's alpha and beta are two of the key measurements used to evaluate Dreyfus High's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.2119 | |||
| Semi Deviation | 0.3049 | |||
| Standard Deviation | 0.3128 | |||
| Variance | 0.0978 |
Dreyfus High Against Markets
Picking the right benchmark for Dreyfus High 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 High 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 High is critical whether you are bullish or bearish towards Dreyfus High Yield at a given time. Please also check how Dreyfus High'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 High 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 High, 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 High. To buy Dreyfus High fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Dreyfus High. 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 High fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Dreyfus High Yield 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 High Yield 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 High Yield, 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 High Yield?
The danger of trading Dreyfus High Yield 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 High 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 High. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Dreyfus High Yield 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 High Yield. 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 bureau of labor statistics. Note that the Dreyfus High Yield information on this page should be used as a complementary analysis to other Dreyfus High'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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.