Dreyfus Global Real Fund Market Value
| DRRYX Fund | USD 16.44 0.03 0.18% |
| Symbol | Dreyfus |
Dreyfus Global '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 Global'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 Global.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Dreyfus Global on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Dreyfus Global Real or generate 0.0% return on investment in Dreyfus Global over 30 days. Dreyfus Global is related to or competes with Tiaa Cref, T Rowe, Tax-managed, Jhancock Diversified, Massmutual Premier, and Adams Diversified. The fund uses an actively-managed multi-asset strategy to produce absolute or real returns with less volatility than maj... More
Dreyfus Global 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 Global'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 Global Real upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4096 | |||
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 1.61 | |||
| Value At Risk | (0.61) | |||
| Potential Upside | 0.496 |
Dreyfus Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dreyfus Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dreyfus Global's standard deviation. In reality, there are many statistical measures that can use Dreyfus Global historical prices to predict the future Dreyfus Global's volatility.| Risk Adjusted Performance | 0.0964 | |||
| Jensen Alpha | 9.0E-4 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.22) | |||
| Treynor Ratio | 0.1307 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dreyfus Global'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 Global Real Backtested Returns
At this stage we consider Dreyfus Mutual Fund to be very steady. Dreyfus Global Real secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the fund had a 0.18% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Dreyfus Global Real, which you can use to evaluate the volatility of the entity. Please confirm Dreyfus Global's Downside Deviation of 0.4096, semi deviation of 0.2859, and Mean Deviation of 0.2539 to check if the risk estimate we provide is consistent with the expected return of 0.0587%. The fund shows a Beta (market volatility) of 0.29, which means not very significant fluctuations relative to the market. As returns on the market increase, Dreyfus Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dreyfus Global is expected to be smaller as well.
Auto-correlation | 0.35 |
Below average predictability
Dreyfus Global Real has below average predictability. Overlapping area represents the amount of predictability between Dreyfus Global time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd of December 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 Global Real price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Dreyfus Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Dreyfus Global Real lagged returns against current returns
Autocorrelation, which is Dreyfus Global 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 Global's mutual fund expected returns. We can calculate the autocorrelation of Dreyfus Global returns to help us make a trade decision. For example, suppose you find that Dreyfus Global 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 Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dreyfus Global 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 Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dreyfus Global Lagged Returns
When evaluating Dreyfus Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dreyfus Global mutual fund have on its future price. Dreyfus Global 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 Global autocorrelation shows the relationship between Dreyfus Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dreyfus Global Real.
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 Global 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 Global security.
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