Dnyax Financials
| DNYAX Fund | 13.70 0.01 0.07% |
Dnyax |
Please note that you must use caution to infer results of funds future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost.
Dnyax Fund Summary
Dnyax competes with Franklin New, Franklin New, Franklin New, Franklin New, and Ab New. The fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in municipal bonds that provide income exempt from federal, New York State and New York City income taxes and the federal alternative minimum tax. It invests at least 70 percent of its assets in municipal bonds rated, at the time of purchase, investment grade or the unrated equivalent as determined by the funds sub-adviser. The fund is non-diversified.| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| Mutual Fund Family | BNY Mellon |
| Mutual Fund Category | Muni New York Intermediate |
| Benchmark | Dow Jones Industrial |
Dnyax Systematic Risk
Dnyax's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Dnyax volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on Dnyax correlated with the market. If Beta is less than 0 Dnyax generally moves in the opposite direction as compared to the market. If Dnyax Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Dnyax is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Dnyax is generally in the same direction as the market. If Beta > 1 Dnyax moves generally in the same direction as, but more than the movement of the benchmark.
Dnyax November 23, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Dnyax help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Dnyax. We use our internally-developed statistical techniques to arrive at the intrinsic value of Dnyax based on widely used predictive technical indicators. In general, we focus on analyzing Dnyax Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Dnyax's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.3873 | |||
| Information Ratio | (0.50) | |||
| Maximum Drawdown | 1.54 | |||
| Value At Risk | (0.36) | |||
| Potential Upside | 0.3671 |
Other Information on Investing in Dnyax Mutual Fund
Dnyax financial ratios help investors to determine whether Dnyax 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 Dnyax with respect to the benefits of owning Dnyax security.
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