Dreyfus Yield Enhancement Fund Market Value
| DABMX Fund | USD 11.31 0.01 0.09% |
| Symbol | Dreyfus |
Dreyfus Yield '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 Yield'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 Yield.
| 06/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Dreyfus Yield on June 4, 2023 and sell it all today you would earn a total of 0.00 from holding Dreyfus Yield Enhancement or generate 0.0% return on investment in Dreyfus Yield over 540 days. Dreyfus Yield is related to or competes with Dreyfus High, Dreyfus/the Boston, Dreyfus International, Dreyfus International, Dreyfus International, Dreyfus International, and Dreyfus Short. The fund normally allocates its assets across fixed-income investment strategies More
Dreyfus Yield 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 Yield'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 Yield Enhancement upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.184 | |||
| Information Ratio | (0.92) | |||
| Maximum Drawdown | 0.5338 | |||
| Value At Risk | (0.18) | |||
| Potential Upside | 0.1784 |
Dreyfus Yield Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dreyfus Yield's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dreyfus Yield's standard deviation. In reality, there are many statistical measures that can use Dreyfus Yield historical prices to predict the future Dreyfus Yield's volatility.| Risk Adjusted Performance | 0.0397 | |||
| Jensen Alpha | 0.0065 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.63) | |||
| Treynor Ratio | (0.37) |
Dreyfus Yield Enhancement Backtested Returns
At this stage we consider Dreyfus Mutual Fund to be very steady. Dreyfus Yield Enhancement secures Sharpe Ratio (or Efficiency) of 0.0994, which denotes the fund had a 0.0994% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Dreyfus Yield Enhancement, which you can use to evaluate the volatility of the entity. Please confirm Dreyfus Yield's Mean Deviation of 0.0852, coefficient of variation of 846.88, and Downside Deviation of 0.184 to check if the risk estimate we provide is consistent with the expected return of 0.0126%. The fund shows a Beta (market volatility) of -0.0133, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Dreyfus Yield are expected to decrease at a much lower rate. During the bear market, Dreyfus Yield is likely to outperform the market.
Auto-correlation | 0.78 |
Good predictability
Dreyfus Yield Enhancement has good predictability. Overlapping area represents the amount of predictability between Dreyfus Yield time series from 4th of June 2023 to 29th of February 2024 and 29th of February 2024 to 25th 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 Yield Enhancement price movement. The serial correlation of 0.78 indicates that around 78.0% of current Dreyfus Yield price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Dreyfus Yield Enhancement lagged returns against current returns
Autocorrelation, which is Dreyfus Yield 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 Yield's mutual fund expected returns. We can calculate the autocorrelation of Dreyfus Yield returns to help us make a trade decision. For example, suppose you find that Dreyfus Yield 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 Yield 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 Yield mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dreyfus Yield 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 Yield mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dreyfus Yield Lagged Returns
When evaluating Dreyfus Yield's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dreyfus Yield mutual fund have on its future price. Dreyfus Yield 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 Yield autocorrelation shows the relationship between Dreyfus Yield mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dreyfus Yield Enhancement.
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 Yield 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 Yield security.
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