Dreyfus New Jersey Fund Return On Equity
| DNMIX Fund | USD 11.68 0.01 0.09% |
Dreyfus New Jersey fundamentals help investors to digest information that contributes to Dreyfus New's financial success or failures. It also enables traders to predict the movement of Dreyfus Mutual Fund. The fundamental analysis module provides a way to measure Dreyfus New's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Dreyfus New mutual fund.
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Dreyfus New Jersey Mutual Fund Return On Equity Analysis
Dreyfus New's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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Based on the latest financial disclosure, Dreyfus New Jersey has a Return On Equity of 0.0. This indicator is about the same for the Dreyfus average (which is currently at 0.0) family and about the same as Muni New Jersey (which currently averages 0.0) category. This indicator is about the same for all United States funds average (which is currently at 0.0).
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Fund Asset Allocation for Dreyfus New
The fund invests most of its assets under management in various types of exotic instruments, with the rest of asset invested in bonds and cash equivalents.Asset allocation divides Dreyfus New's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Dreyfus Fundamentals
| Total Asset | 339.73 M | ||||
| Annual Yield | 0 % | ||||
| Year To Date Return | 0.14 % | ||||
| One Year Return | 1.90 % | ||||
| Three Year Return | (1.10) % | ||||
| Five Year Return | 1.25 % | ||||
| Ten Year Return | 3.76 % | ||||
| Net Asset | 439.11 M | ||||
| Last Dividend Paid | 0.03 | ||||
| Cash Position Weight | 0.59 % | ||||
| Bond Positions Weight | 0.87 % |
About Dreyfus New Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Dreyfus New Jersey's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Dreyfus New using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Dreyfus New Jersey based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Dreyfus New
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 New 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 New will appreciate offsetting losses from the drop in the long position's value.Moving together with Dreyfus Mutual Fund
| 0.71 | DIBYX | Dreyfus International | PairCorr |
| 0.73 | DIMIX | Dreyfus Short Interm | PairCorr |
| 0.7 | DISRX | International Stock | PairCorr |
The ability to find closely correlated positions to Dreyfus New 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 New 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 New - 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 New Jersey to buy it.
The correlation of Dreyfus New 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 New moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dreyfus New Jersey 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 New 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 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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.