Dreyfus Municipal Bond Fund Probability of Future Mutual Fund Price Finishing Under 12.27
| XDMBX Fund | USD 12.33 0.05 0.41% |
Dreyfus |
Dreyfus Municipal Target Price Odds to finish below 12.27
The tendency of Dreyfus Mutual Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 12.27 or more in 90 days |
| 12.33 | 90 days | 12.27 | about 58.86 |
Based on a normal probability distribution, the odds of Dreyfus Municipal to drop to $ 12.27 or more in 90 days from now is about 58.86 (This Dreyfus Municipal Bond probability density function shows the probability of Dreyfus Mutual Fund to fall within a particular range of prices over 90 days) . Probability of Dreyfus Municipal Bond price to stay between $ 12.27 and its current price of $12.33 at the end of the 90-day period is about 17.46 .
Assuming the 90 days horizon Dreyfus Municipal has a beta of 0.1. This entails as returns on the market go up, Dreyfus Municipal average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Dreyfus Municipal Bond will be expected to be much smaller as well. Additionally Dreyfus Municipal Bond has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Dreyfus Municipal Price Density |
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Predictive Modules for Dreyfus Municipal
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Dreyfus Municipal Bond. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Dreyfus Municipal Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Dreyfus Municipal is not an exception. The market had few large corrections towards the Dreyfus Municipal's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Dreyfus Municipal Bond, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Dreyfus Municipal within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.0034 | |
β | Beta against Dow Jones | 0.10 | |
σ | Overall volatility | 0.12 | |
Ir | Information ratio | -0.26 |
Dreyfus Municipal Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Dreyfus Mutual Fund often depends not only on the future outlook of the current and potential Dreyfus Municipal's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Dreyfus Municipal's indicators that are reflective of the short sentiment are summarized in the table below.
Dreyfus Municipal Technical Analysis
Dreyfus Municipal's future price can be derived by breaking down and analyzing its technical indicators over time. Dreyfus Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Dreyfus Municipal Bond. In general, you should focus on analyzing Dreyfus Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
Dreyfus Municipal Predictive Forecast Models
Dreyfus Municipal's time-series forecasting models is one of many Dreyfus Municipal's mutual fund analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Dreyfus Municipal's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the mutual fund market movement and maximize returns from investment trading.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Dreyfus Municipal in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Dreyfus Municipal's short interest history, or implied volatility extrapolated from Dreyfus Municipal options trading.
Other Information on Investing in Dreyfus Mutual Fund
Dreyfus Municipal 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 Municipal security.
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