Dreyfus Equity Income Fund Market Value
| DQIAX Fund | USD 33.19 0.17 0.51% |
| Symbol | Dreyfus |
Dreyfus Equity '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 Equity'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 Equity.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Dreyfus Equity on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Dreyfus Equity Income or generate 0.0% return on investment in Dreyfus Equity over 30 days. Dreyfus Equity is related to or competes with Meeder Funds, and Pimco Funds. To pursue its goal, the fund normally invests at least 80 percent of its net assets, plus any borrowings for investment ... More
Dreyfus Equity 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 Equity'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 Equity Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6763 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 3.12 | |||
| Value At Risk | (0.95) | |||
| Potential Upside | 1.2 |
Dreyfus Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dreyfus Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dreyfus Equity's standard deviation. In reality, there are many statistical measures that can use Dreyfus Equity historical prices to predict the future Dreyfus Equity's volatility.| Risk Adjusted Performance | 0.1058 | |||
| Jensen Alpha | (0.0008) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.1143 |
Dreyfus Equity Income Backtested Returns
At this stage we consider Dreyfus Mutual Fund to be very steady. Dreyfus Equity Income secures Sharpe Ratio (or Efficiency) of 0.21, which denotes the fund had a 0.21% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Dreyfus Equity Income, which you can use to evaluate the volatility of the entity. Please confirm Dreyfus Equity's Downside Deviation of 0.6763, semi deviation of 0.5139, and Mean Deviation of 0.4873 to check if the risk estimate we provide is consistent with the expected return of 0.13%. The fund shows a Beta (market volatility) of 0.73, which means possible diversification benefits within a given portfolio. As returns on the market increase, Dreyfus Equity's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dreyfus Equity is expected to be smaller as well.
Auto-correlation | 0.83 |
Very good predictability
Dreyfus Equity Income has very good predictability. Overlapping area represents the amount of predictability between Dreyfus Equity time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Equity Income price movement. The serial correlation of 0.83 indicates that around 83.0% of current Dreyfus Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Dreyfus Equity Income lagged returns against current returns
Autocorrelation, which is Dreyfus Equity 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 Equity's mutual fund expected returns. We can calculate the autocorrelation of Dreyfus Equity returns to help us make a trade decision. For example, suppose you find that Dreyfus Equity 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 Equity 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 Equity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dreyfus Equity 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 Equity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dreyfus Equity Lagged Returns
When evaluating Dreyfus Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dreyfus Equity mutual fund have on its future price. Dreyfus Equity 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 Equity autocorrelation shows the relationship between Dreyfus Equity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dreyfus Equity Income.
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 Equity 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 Equity security.
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