Dreyfus Smallcap Stock Fund Market Value
| DISSX Fund | USD 30.49 0.06 0.20% |
| Symbol | Dreyfus |
Dreyfus Smallcap 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Dreyfus Smallcap's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Dreyfus Smallcap.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Dreyfus Smallcap on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Dreyfus Smallcap Stock or generate 0.0% return on investment in Dreyfus Smallcap over 30 days. Dreyfus Smallcap is related to or competes with Dreyfus Midcap, Dreyfus International, Dreyfus Sp, and Dreyfus Institutional. To pursue its goal, the fund generally is fully invested in all of the stocks that comprise the SP SmallCap 600 Index an... More
Dreyfus Smallcap Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Dreyfus Smallcap's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Dreyfus Smallcap Stock upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.07 | |||
| Information Ratio | 0.0111 | |||
| Maximum Drawdown | 7.66 | |||
| Value At Risk | (1.58) | |||
| Potential Upside | 2.01 |
Dreyfus Smallcap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dreyfus Smallcap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dreyfus Smallcap's standard deviation. In reality, there are many statistical measures that can use Dreyfus Smallcap historical prices to predict the future Dreyfus Smallcap's volatility.| Risk Adjusted Performance | 0.0939 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0135 | |||
| Treynor Ratio | 0.0965 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dreyfus Smallcap's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Dreyfus Smallcap Stock Backtested Returns
At this stage we consider Dreyfus Mutual Fund to be very steady. Dreyfus Smallcap Stock secures Sharpe Ratio (or Efficiency) of 0.15, which denotes the fund had a 0.15% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Dreyfus Smallcap Stock, which you can use to evaluate the volatility of the entity. Please confirm Dreyfus Smallcap's Downside Deviation of 1.07, mean deviation of 0.9032, and Semi Deviation of 0.8551 to check if the risk estimate we provide is consistent with the expected return of 0.19%. The fund shows a Beta (market volatility) of 1.47, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Dreyfus Smallcap will likely underperform.
Auto-correlation | 0.90 |
Excellent predictability
Dreyfus Smallcap Stock has excellent predictability. Overlapping area represents the amount of predictability between Dreyfus Smallcap time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Dreyfus Smallcap Stock price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Dreyfus Smallcap price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.41 |
Dreyfus Smallcap Stock lagged returns against current returns
Autocorrelation, which is Dreyfus Smallcap mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Dreyfus Smallcap's mutual fund expected returns. We can calculate the autocorrelation of Dreyfus Smallcap returns to help us make a trade decision. For example, suppose you find that Dreyfus Smallcap has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Dreyfus Smallcap regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Dreyfus Smallcap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dreyfus Smallcap mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dreyfus Smallcap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dreyfus Smallcap Lagged Returns
When evaluating Dreyfus Smallcap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dreyfus Smallcap mutual fund have on its future price. Dreyfus Smallcap autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Dreyfus Smallcap autocorrelation shows the relationship between Dreyfus Smallcap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dreyfus Smallcap Stock.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Dreyfus Mutual Fund
Dreyfus Smallcap financial ratios help investors to determine whether Dreyfus Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Dreyfus with respect to the benefits of owning Dreyfus Smallcap security.
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