Dreyfus Global Real Fund Market Value

DRLAX Fund  USD 9.06  0.03  0.33%   
Dreyfus Global's market value is the price at which a share of Dreyfus Global trades on a public exchange. It measures the collective expectations of Dreyfus Global Real investors about its performance. Dreyfus Global is trading at 9.06 as of the 29th of November 2024; that is 0.33% down since the beginning of the trading day. The fund's open price was 9.09.
With this module, you can estimate the performance of a buy and hold strategy of Dreyfus Global Real and determine expected loss or profit from investing in Dreyfus Global over a given investment horizon. Check out Dreyfus Global Correlation, Dreyfus Global Volatility and Dreyfus Global Alpha and Beta module to complement your research on Dreyfus Global.
Symbol

Please note, there is a significant difference between Dreyfus Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dreyfus Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dreyfus Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Dreyfus Global '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 Global'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 Global.
0.00
06/02/2024
No Change 0.00  0.0 
In 5 months and 30 days
11/29/2024
0.00
If you would invest  0.00  in Dreyfus Global on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Dreyfus Global Real or generate 0.0% return on investment in Dreyfus Global over 180 days. Dreyfus Global is related to or competes with Morgan Stanley, Barings Global, Wasatch Global, T Rowe, Kinetics Global, and Pimco Global. To pursue its goal, the fund normally invests at least 80 percent of its net assets, plus any borrowings for investment ... More

Dreyfus Global 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 Global'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 Global Real upside and downside potential and time the market with a certain degree of confidence.

Dreyfus Global Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Dreyfus Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dreyfus Global's standard deviation. In reality, there are many statistical measures that can use Dreyfus Global historical prices to predict the future Dreyfus Global's volatility.
Hype
Prediction
LowEstimatedHigh
8.399.099.79
Details
Intrinsic
Valuation
LowRealHigh
8.379.079.77
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Dreyfus Global. Your research has to be compared to or analyzed against Dreyfus Global's peers to derive any actionable benefits. When done correctly, Dreyfus Global's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Dreyfus Global Real.

Dreyfus Global Real Backtested Returns

At this stage we consider Dreyfus Mutual Fund to be very steady. Dreyfus Global Real secures Sharpe Ratio (or Efficiency) of 0.0413, which denotes the fund had a 0.0413% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Dreyfus Global Real, which you can use to evaluate the volatility of the entity. Please confirm Dreyfus Global's Semi Deviation of 0.6834, mean deviation of 0.5679, and Downside Deviation of 0.7383 to check if the risk estimate we provide is consistent with the expected return of 0.0289%. The fund shows a Beta (market volatility) of 0.19, which means not very significant fluctuations relative to the market. As returns on the market increase, Dreyfus Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dreyfus Global is expected to be smaller as well.

Auto-correlation

    
  -0.66  

Very good reverse predictability

Dreyfus Global Real has very good reverse predictability. Overlapping area represents the amount of predictability between Dreyfus Global time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 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 Global Real price movement. The serial correlation of -0.66 indicates that around 66.0% of current Dreyfus Global price fluctuation can be explain by its past prices.
Correlation Coefficient-0.66
Spearman Rank Test-0.49
Residual Average0.0
Price Variance0.03

Dreyfus Global Real lagged returns against current returns

Autocorrelation, which is Dreyfus Global 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 Global's mutual fund expected returns. We can calculate the autocorrelation of Dreyfus Global returns to help us make a trade decision. For example, suppose you find that Dreyfus Global 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 Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dreyfus Global 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 Global mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Dreyfus Global Lagged Returns

When evaluating Dreyfus Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dreyfus Global mutual fund have on its future price. Dreyfus Global 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 Global autocorrelation shows the relationship between Dreyfus Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dreyfus Global Real.
   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 Global 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 Global security.
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Sectors
List of equity sectors categorizing publicly traded companies based on their primary business activities
Money Managers
Screen money managers from public funds and ETFs managed around the world