Dreyfus Opportunistic Midcap Fund Market Value
| DMCVX Fund | USD 35.83 0.05 0.14% |
| Symbol | Dreyfus |
Dreyfus Opportunistic '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 Opportunistic'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 Opportunistic.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Dreyfus Opportunistic on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Dreyfus Opportunistic Midcap or generate 0.0% return on investment in Dreyfus Opportunistic over 180 days. Dreyfus Opportunistic is related to or competes with T Rowe, Metropolitan West, Ab Global, Lgm Risk, and Federated Institutional. To pursue its goal, the fund normally invests at least 80 percent of its net assets, plus any borrowings for investment ... More
Dreyfus Opportunistic 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 Opportunistic'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 Opportunistic Midcap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.743 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.84 | |||
| Value At Risk | (1.09) | |||
| Potential Upside | 1.26 |
Dreyfus Opportunistic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dreyfus Opportunistic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dreyfus Opportunistic's standard deviation. In reality, there are many statistical measures that can use Dreyfus Opportunistic historical prices to predict the future Dreyfus Opportunistic's volatility.| Risk Adjusted Performance | 0.133 | |||
| Jensen Alpha | 0.007 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1353 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dreyfus Opportunistic'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 Opportunistic Backtested Returns
At this stage we consider Dreyfus Mutual Fund to be very steady. Dreyfus Opportunistic secures Sharpe Ratio (or Efficiency) of 0.2, which denotes the fund had a 0.2% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Dreyfus Opportunistic Midcap, which you can use to evaluate the volatility of the entity. Please confirm Dreyfus Opportunistic's Mean Deviation of 0.5602, downside deviation of 0.743, and Semi Deviation of 0.4938 to check if the risk estimate we provide is consistent with the expected return of 0.15%. The fund shows a Beta (market volatility) of 0.9, which means possible diversification benefits within a given portfolio. Dreyfus Opportunistic returns are very sensitive to returns on the market. As the market goes up or down, Dreyfus Opportunistic is expected to follow.
Auto-correlation | 0.42 |
Average predictability
Dreyfus Opportunistic Midcap has average predictability. Overlapping area represents the amount of predictability between Dreyfus Opportunistic time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 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 Opportunistic price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Dreyfus Opportunistic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.92 |
Dreyfus Opportunistic lagged returns against current returns
Autocorrelation, which is Dreyfus Opportunistic 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 Opportunistic's mutual fund expected returns. We can calculate the autocorrelation of Dreyfus Opportunistic returns to help us make a trade decision. For example, suppose you find that Dreyfus Opportunistic 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 Opportunistic 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 Opportunistic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dreyfus Opportunistic 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 Opportunistic mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dreyfus Opportunistic Lagged Returns
When evaluating Dreyfus Opportunistic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dreyfus Opportunistic mutual fund have on its future price. Dreyfus Opportunistic 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 Opportunistic autocorrelation shows the relationship between Dreyfus Opportunistic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dreyfus Opportunistic Midcap.
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 Opportunistic 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 Opportunistic security.
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