Dreyfus Worldwide Growth Fund Market Value
| PGRCX Fund | USD 59.68 0.28 0.47% |
| Symbol | Dreyfus |
Dreyfus Worldwide '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 Worldwide'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 Worldwide.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Dreyfus Worldwide on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Dreyfus Worldwide Growth or generate 0.0% return on investment in Dreyfus Worldwide over 180 days. Dreyfus Worldwide is related to or competes with Dreyfusstandish Global, Dreyfusstandish Global, Dreyfus High, Dreyfus High, Dreyfus High, Dreyfus New, and Dreyfus International. To pursue its goals, the fund normally invests at least 80 percent of its net assets, plus any borrowings for investment... More
Dreyfus Worldwide 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 Worldwide'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 Worldwide Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7997 | |||
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 3.75 | |||
| Value At Risk | (1.51) | |||
| Potential Upside | 1.22 |
Dreyfus Worldwide Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dreyfus Worldwide's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dreyfus Worldwide's standard deviation. In reality, there are many statistical measures that can use Dreyfus Worldwide historical prices to predict the future Dreyfus Worldwide's volatility.| Risk Adjusted Performance | 0.0067 | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.16) | |||
| Treynor Ratio | (0) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dreyfus Worldwide'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 Worldwide Growth Backtested Returns
At this stage we consider Dreyfus Mutual Fund to be very steady. Dreyfus Worldwide Growth secures Sharpe Ratio (or Efficiency) of 0.0204, which denotes the fund had a 0.0204% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Dreyfus Worldwide Growth, which you can use to evaluate the volatility of the entity. Please confirm Dreyfus Worldwide's Mean Deviation of 0.5714, semi deviation of 0.7714, and Downside Deviation of 0.7997 to check if the risk estimate we provide is consistent with the expected return of 0.0149%. The fund shows a Beta (market volatility) of 0.72, which means possible diversification benefits within a given portfolio. As returns on the market increase, Dreyfus Worldwide's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dreyfus Worldwide is expected to be smaller as well.
Auto-correlation | 0.25 |
Poor predictability
Dreyfus Worldwide Growth has poor predictability. Overlapping area represents the amount of predictability between Dreyfus Worldwide 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 Worldwide Growth price movement. The serial correlation of 0.25 indicates that over 25.0% of current Dreyfus Worldwide price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
Dreyfus Worldwide Growth lagged returns against current returns
Autocorrelation, which is Dreyfus Worldwide 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 Worldwide's mutual fund expected returns. We can calculate the autocorrelation of Dreyfus Worldwide returns to help us make a trade decision. For example, suppose you find that Dreyfus Worldwide 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 Worldwide 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 Worldwide mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dreyfus Worldwide 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 Worldwide mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dreyfus Worldwide Lagged Returns
When evaluating Dreyfus Worldwide's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dreyfus Worldwide mutual fund have on its future price. Dreyfus Worldwide 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 Worldwide autocorrelation shows the relationship between Dreyfus Worldwide mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dreyfus Worldwide Growth.
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 Worldwide 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 Worldwide security.
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