Dreyfus Intermediate Municipal Fund Market Value
| DITEX Fund | USD 12.76 0.02 0.16% |
| Symbol | Dreyfus |
Dreyfus Intermediate '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 Intermediate'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 Intermediate.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Dreyfus Intermediate on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Dreyfus Intermediate Municipal or generate 0.0% return on investment in Dreyfus Intermediate over 30 days. Dreyfus Intermediate is related to or competes with Dreyfus Short, Dreyfus Gnma, Fidelity Municipal, Thrivent High, Morningstar Unconstrained, Via Renewables, and T Rowe. The fund invests at least 80 percent of its assets in municipal bonds rated, at the time of purchase, A or higher or the... More
Dreyfus Intermediate 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 Intermediate'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 Intermediate Municipal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2964 | |||
| Information Ratio | (0.66) | |||
| Maximum Drawdown | 1.11 | |||
| Value At Risk | (0.31) | |||
| Potential Upside | 0.3125 |
Dreyfus Intermediate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dreyfus Intermediate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dreyfus Intermediate's standard deviation. In reality, there are many statistical measures that can use Dreyfus Intermediate historical prices to predict the future Dreyfus Intermediate's volatility.| Risk Adjusted Performance | 0.0136 | |||
| Jensen Alpha | 0.0091 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.43) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dreyfus Intermediate'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 Intermediate Backtested Returns
At this stage we consider Dreyfus Mutual Fund to be very steady. Dreyfus Intermediate secures Sharpe Ratio (or Efficiency) of 0.0391, which denotes the fund had a 0.0391% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Dreyfus Intermediate Municipal, which you can use to evaluate the volatility of the entity. Please confirm Dreyfus Intermediate's Semi Deviation of 0.1577, downside deviation of 0.2964, and Mean Deviation of 0.1182 to check if the risk estimate we provide is consistent with the expected return of 0.0076%. The fund shows a Beta (market volatility) of -0.0643, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Dreyfus Intermediate are expected to decrease at a much lower rate. During the bear market, Dreyfus Intermediate is likely to outperform the market.
Auto-correlation | 0.55 |
Modest predictability
Dreyfus Intermediate Municipal has modest predictability. Overlapping area represents the amount of predictability between Dreyfus Intermediate 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 Intermediate price movement. The serial correlation of 0.55 indicates that about 55.0% of current Dreyfus Intermediate price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Dreyfus Intermediate lagged returns against current returns
Autocorrelation, which is Dreyfus Intermediate 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 Intermediate's mutual fund expected returns. We can calculate the autocorrelation of Dreyfus Intermediate returns to help us make a trade decision. For example, suppose you find that Dreyfus Intermediate 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 Intermediate 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 Intermediate mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dreyfus Intermediate 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 Intermediate mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dreyfus Intermediate Lagged Returns
When evaluating Dreyfus Intermediate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dreyfus Intermediate mutual fund have on its future price. Dreyfus Intermediate 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 Intermediate autocorrelation shows the relationship between Dreyfus Intermediate mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dreyfus Intermediate Municipal.
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 Intermediate 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 Intermediate security.
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Global Correlations Find global opportunities by holding instruments from different markets |