Dreyfus Gnma Fund Market Value
| GPNIX Fund | USD 12.77 0.08 0.62% |
| Symbol | Dreyfus |
Dreyfus Gnma '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 Gnma'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 Gnma.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Dreyfus Gnma on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Dreyfus Gnma Fund or generate 0.0% return on investment in Dreyfus Gnma over 30 days. Dreyfus Gnma is related to or competes with Advent Claymore, Fidelity Sai, Calamos Dynamic, Absolute Convertible, and Virtus Convertible. The fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in U.S More
Dreyfus Gnma 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 Gnma'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 Gnma Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.55) | |||
| Maximum Drawdown | 1.18 | |||
| Value At Risk | (0.47) | |||
| Potential Upside | 0.3125 |
Dreyfus Gnma Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dreyfus Gnma's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dreyfus Gnma's standard deviation. In reality, there are many statistical measures that can use Dreyfus Gnma historical prices to predict the future Dreyfus Gnma's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.54) |
Dreyfus Gnma Backtested Returns
Dreyfus Gnma secures Sharpe Ratio (or Efficiency) of -0.16, which denotes the fund had a -0.16% return per unit of standard deviation over the last 3 months. Dreyfus Gnma Fund exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dreyfus Gnma's Mean Deviation of 0.2095, coefficient of variation of (1,001), and Standard Deviation of 0.2769 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0703, which means not very significant fluctuations relative to the market. As returns on the market increase, Dreyfus Gnma's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dreyfus Gnma is expected to be smaller as well.
Auto-correlation | -0.57 |
Good reverse predictability
Dreyfus Gnma Fund has good reverse predictability. Overlapping area represents the amount of predictability between Dreyfus Gnma time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Gnma price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Dreyfus Gnma price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Dreyfus Gnma lagged returns against current returns
Autocorrelation, which is Dreyfus Gnma 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 Gnma's mutual fund expected returns. We can calculate the autocorrelation of Dreyfus Gnma returns to help us make a trade decision. For example, suppose you find that Dreyfus Gnma 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 Gnma 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 Gnma mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dreyfus Gnma 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 Gnma mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dreyfus Gnma Lagged Returns
When evaluating Dreyfus Gnma's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dreyfus Gnma mutual fund have on its future price. Dreyfus Gnma 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 Gnma autocorrelation shows the relationship between Dreyfus Gnma mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dreyfus Gnma Fund.
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 Gnma 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 Gnma security.
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