Dreyfusnewton International Equity Fund Market Value
| NIEAX Fund | USD 22.03 0.19 0.87% |
| Symbol | Dreyfus/newton |
Dreyfus/newton 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/newton 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/newton International.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Dreyfus/newton International on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Dreyfusnewton International Equity or generate 0.0% return on investment in Dreyfus/newton International over 180 days. Dreyfus/newton International is related to or competes with Transamerica Large, Dodge Cox, Americafirst Large, Qs Us, Siit Large, Fundamental Large, and Tax-managed. The fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in common ... More
Dreyfus/newton 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/newton 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 Dreyfusnewton International Equity upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 4.23 | |||
| Value At Risk | (1.54) | |||
| Potential Upside | 1.15 |
Dreyfus/newton International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dreyfus/newton International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dreyfus/newton International's standard deviation. In reality, there are many statistical measures that can use Dreyfus/newton International historical prices to predict the future Dreyfus/newton International's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.17) |
Dreyfus/newton International Backtested Returns
Dreyfus/newton International secures Sharpe Ratio (or Efficiency) of -0.0675, which denotes the fund had a -0.0675% return per unit of standard deviation over the last 3 months. Dreyfusnewton International Equity exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dreyfus/newton International's Coefficient Of Variation of (1,210), mean deviation of 0.6981, and Standard Deviation of 0.8712 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.49, which means possible diversification benefits within a given portfolio. As returns on the market increase, Dreyfus/newton International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dreyfus/newton International is expected to be smaller as well.
Auto-correlation | -0.53 |
Good reverse predictability
Dreyfusnewton International Equity has good reverse predictability. Overlapping area represents the amount of predictability between Dreyfus/newton International time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd of December 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/newton International price movement. The serial correlation of -0.53 indicates that about 53.0% of current Dreyfus/newton International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
Dreyfus/newton International lagged returns against current returns
Autocorrelation, which is Dreyfus/newton 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/newton International's mutual fund expected returns. We can calculate the autocorrelation of Dreyfus/newton International returns to help us make a trade decision. For example, suppose you find that Dreyfus/newton 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/newton 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/newton International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dreyfus/newton 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/newton International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dreyfus/newton International Lagged Returns
When evaluating Dreyfus/newton International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dreyfus/newton International mutual fund have on its future price. Dreyfus/newton 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/newton International autocorrelation shows the relationship between Dreyfus/newton International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dreyfusnewton International Equity.
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/newton Mutual Fund
Dreyfus/newton International financial ratios help investors to determine whether Dreyfus/newton 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/newton with respect to the benefits of owning Dreyfus/newton International security.
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