Dreyfus International Bond Fund Market Value
| DIBAX Fund | USD 12.43 0.07 0.57% |
| Symbol | Dreyfus |
Dreyfus International '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 International'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 International.
| 10/04/2023 |
| 11/27/2024 |
If you would invest 0.00 in Dreyfus International on October 4, 2023 and sell it all today you would earn a total of 0.00 from holding Dreyfus International Bond or generate 0.0% return on investment in Dreyfus International over 420 days. Dreyfus International is related to or competes with Capital World, Capital World, HUMANA, Barloworld, Morningstar Unconstrained, Thrivent High, and High-yield Municipal. The fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in fixed-i... More
Dreyfus International 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 International'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 International Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.48) | |||
| Maximum Drawdown | 2.28 | |||
| Value At Risk | (0.69) | |||
| Potential Upside | 0.5663 |
Dreyfus International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dreyfus International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dreyfus International's standard deviation. In reality, there are many statistical measures that can use Dreyfus International historical prices to predict the future Dreyfus International's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | 0.7579 |
Dreyfus International Backtested Returns
Dreyfus International secures Sharpe Ratio (or Efficiency) of -0.15, which denotes the fund had a -0.15% return per unit of standard deviation over the last 3 months. Dreyfus International Bond exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dreyfus International's Coefficient Of Variation of (610.79), standard deviation of 0.4167, and Mean Deviation of 0.3254 to check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.1, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Dreyfus International are expected to decrease at a much lower rate. During the bear market, Dreyfus International is likely to outperform the market.
Auto-correlation | 0.62 |
Good predictability
Dreyfus International Bond has good predictability. Overlapping area represents the amount of predictability between Dreyfus International time series from 4th of October 2023 to 1st of May 2024 and 1st of May 2024 to 27th 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 International price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Dreyfus International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Dreyfus International lagged returns against current returns
Autocorrelation, which is Dreyfus International 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 International's mutual fund expected returns. We can calculate the autocorrelation of Dreyfus International returns to help us make a trade decision. For example, suppose you find that Dreyfus International 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 International 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 International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dreyfus International 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 International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dreyfus International Lagged Returns
When evaluating Dreyfus International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dreyfus International mutual fund have on its future price. Dreyfus International 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 International autocorrelation shows the relationship between Dreyfus International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dreyfus International Bond.
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 International 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 International security.
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