Dreyfus New Jersey Fund Price on September 3, 2019
| DNMIX Fund | USD 11.69 0.03 0.26% |
Below is the normalized historical share price chart for Dreyfus New Jersey extending back to December 15, 2008. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Dreyfus New stands at 11.69, as last reported on the 18th of April 2024, with the highest price reaching 11.69 and the lowest price hitting 11.69 during the day.
If you're considering investing in Dreyfus Mutual Fund, it is important to understand the factors that can impact its price. We consider Dreyfus New very steady. Dreyfus New Jersey secures Sharpe Ratio (or Efficiency) of 9.0E-4, which denotes the fund had a 9.0E-4% return per unit of standard deviation over the last 3 months. We have found twenty-two technical indicators for Dreyfus New Jersey, which you can use to evaluate the volatility of the entity. Please confirm Dreyfus New's Coefficient Of Variation of (1,542), standard deviation of 0.1961, and Mean Deviation of 0.1374 to check if the risk estimate we provide is consistent with the expected return of 2.0E-4%.
Dreyfus Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Dreyfus |
Sharpe Ratio = 9.0E-4
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| Negative Returns | DNMIX |
Estimated Market Risk
| 0.19 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Dreyfus New is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Dreyfus New by adding Dreyfus New to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
About Dreyfus New Mutual Fund history
Dreyfus New investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Dreyfus is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Dreyfus New Jersey will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Dreyfus New stock prices may prove useful in developing a viable investing in Dreyfus New
To pursue its goal, 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 New Jersey state income taxes. It invests at least 80 percent of its net assets in municipal bonds rated, at the time of purchase, investment grade or the unrated equivalent as determined by the adviser. The fund is non-diversified.
Dreyfus New Mutual Fund Technical Analysis
Dreyfus New 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.
Price Boundaries
Dreyfus New Period Price Range
Dreyfus New April 18, 2024 Market Strength
Market strength indicators help investors to evaluate how Dreyfus New mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Dreyfus New shares will generate the highest return on investment. By undertsting and applying Dreyfus New mutual fund market strength indicators, traders can identify Dreyfus New Jersey entry and exit signals to maximize returns
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 11.69 | |||
| Day Typical Price | 11.69 | |||
| Price Action Indicator | (0.01) | |||
| Period Momentum Indicator | (0.03) | |||
| Relative Strength Index | 14.02 |
Dreyfus New Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Dreyfus New's price direction in advance. Along with the technical and fundamental analysis of Dreyfus Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Dreyfus to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | 7.57 |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dreyfus New Jersey. 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 gross domestic product. You can also try the AI Investment Finder module to use AI to screen and filter profitable investment opportunities.