Dreyfus Amt Free Municipal Fund Market Value
| DMUCX Fund | USD 13.49 0.01 0.07% |
| Symbol | DREYFUS |
Dreyfus Amt-free '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 Amt-free'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 Amt-free.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Dreyfus Amt-free on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Dreyfus Amt Free Municipal or generate 0.0% return on investment in Dreyfus Amt-free over 30 days. Dreyfus Amt-free is related to or competes with Saat Moderate, Qs Moderate, Franklin Lifesmart, Target Retirement, and Dimensional Retirement. The fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in municip... More
Dreyfus Amt-free 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 Amt-free'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 Amt Free Municipal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3703 | |||
| Information Ratio | (0.50) | |||
| Maximum Drawdown | 1.5 | |||
| Value At Risk | (0.37) | |||
| Potential Upside | 0.2976 |
Dreyfus Amt-free Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dreyfus Amt-free's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dreyfus Amt-free's standard deviation. In reality, there are many statistical measures that can use Dreyfus Amt-free historical prices to predict the future Dreyfus Amt-free's volatility.| Risk Adjusted Performance | 0.0114 | |||
| Jensen Alpha | 0.0116 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.32) | |||
| Treynor Ratio | (0) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dreyfus Amt-free's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Dreyfus Amt Free Backtested Returns
At this stage we consider DREYFUS Mutual Fund to be very steady. Dreyfus Amt Free secures Sharpe Ratio (or Efficiency) of 0.0546, which denotes the fund had a 0.0546% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Dreyfus Amt Free Municipal, which you can use to evaluate the volatility of the entity. Please confirm Dreyfus Amt-free's Semi Deviation of 0.2069, downside deviation of 0.3703, and Mean Deviation of 0.1373 to check if the risk estimate we provide is consistent with the expected return of 0.0131%. The fund shows a Beta (market volatility) of -0.0942, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Dreyfus Amt-free are expected to decrease at a much lower rate. During the bear market, Dreyfus Amt-free is likely to outperform the market.
Auto-correlation | 0.19 |
Very weak predictability
Dreyfus Amt Free Municipal has very weak predictability. Overlapping area represents the amount of predictability between Dreyfus Amt-free time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Amt Free price movement. The serial correlation of 0.19 indicates that over 19.0% of current Dreyfus Amt-free price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Dreyfus Amt Free lagged returns against current returns
Autocorrelation, which is Dreyfus Amt-free 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 Amt-free's mutual fund expected returns. We can calculate the autocorrelation of Dreyfus Amt-free returns to help us make a trade decision. For example, suppose you find that Dreyfus Amt-free 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 Amt-free 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 Amt-free mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dreyfus Amt-free 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 Amt-free mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dreyfus Amt-free Lagged Returns
When evaluating Dreyfus Amt-free's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dreyfus Amt-free mutual fund have on its future price. Dreyfus Amt-free 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 Amt-free autocorrelation shows the relationship between Dreyfus Amt-free mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dreyfus Amt Free Municipal.
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 Amt-free 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 Amt-free security.
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