Dreyfus Balanced Opportunity Fund Market Value
| THPBX Fund | USD 25.67 0.11 0.43% |
| Symbol | Dreyfus |
Dreyfus Balanced '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 Balanced'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 Balanced.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Dreyfus Balanced on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Dreyfus Balanced Opportunity or generate 0.0% return on investment in Dreyfus Balanced over 30 days. Dreyfus Balanced is related to or competes with T Rowe, Aam Select, Bbh Partner, and Iaadx. To pursue its goal, the fund invests in a diversified mix of stocks and fixed-income securities More
Dreyfus Balanced 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 Balanced'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 Balanced Opportunity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.589 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 2.2 | |||
| Value At Risk | (0.87) | |||
| Potential Upside | 0.7134 |
Dreyfus Balanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dreyfus Balanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dreyfus Balanced's standard deviation. In reality, there are many statistical measures that can use Dreyfus Balanced historical prices to predict the future Dreyfus Balanced's volatility.| Risk Adjusted Performance | 0.1207 | |||
| Jensen Alpha | 0.0049 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.1) | |||
| Treynor Ratio | 0.1372 |
Dreyfus Balanced Opp Backtested Returns
At this stage we consider Dreyfus Mutual Fund to be very steady. Dreyfus Balanced Opp secures Sharpe Ratio (or Efficiency) of 0.21, which denotes the fund had a 0.21% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Dreyfus Balanced Opportunity, which you can use to evaluate the volatility of the entity. Please confirm Dreyfus Balanced's Semi Deviation of 0.3518, mean deviation of 0.3509, and Downside Deviation of 0.589 to check if the risk estimate we provide is consistent with the expected return of 0.0958%. The fund shows a Beta (market volatility) of 0.51, which means possible diversification benefits within a given portfolio. As returns on the market increase, Dreyfus Balanced's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dreyfus Balanced is expected to be smaller as well.
Auto-correlation | 0.88 |
Very good predictability
Dreyfus Balanced Opportunity has very good predictability. Overlapping area represents the amount of predictability between Dreyfus Balanced 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 Balanced Opp price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Dreyfus Balanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Dreyfus Balanced Opp lagged returns against current returns
Autocorrelation, which is Dreyfus Balanced 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 Balanced's mutual fund expected returns. We can calculate the autocorrelation of Dreyfus Balanced returns to help us make a trade decision. For example, suppose you find that Dreyfus Balanced 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 Balanced 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 Balanced mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dreyfus Balanced 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 Balanced mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dreyfus Balanced Lagged Returns
When evaluating Dreyfus Balanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dreyfus Balanced mutual fund have on its future price. Dreyfus Balanced 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 Balanced autocorrelation shows the relationship between Dreyfus Balanced mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dreyfus Balanced Opportunity.
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 Balanced 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 Balanced security.
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