Dreyfus Midcap Index Fund Market Value
| PESPX Fund | USD 33.59 0.57 1.67% |
| Symbol | DREYFUS |
Dreyfus Midcap '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 Midcap'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 Midcap.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Dreyfus Midcap on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Dreyfus Midcap Index or generate 0.0% return on investment in Dreyfus Midcap over 720 days. Dreyfus Midcap is related to or competes with Dreyfus Smallcap, Dreyfus Sp, Dreyfus International, Dreyfus Institutional, and Europacific Growth. To pursue its goal, the fund generally is fully invested in stocks included in the SP MidCap 400 Index and in futures wh... More
Dreyfus Midcap 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 Midcap'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 Midcap Index upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8927 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 5.18 | |||
| Value At Risk | (1.16) | |||
| Potential Upside | 1.72 |
Dreyfus Midcap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dreyfus Midcap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dreyfus Midcap's standard deviation. In reality, there are many statistical measures that can use Dreyfus Midcap historical prices to predict the future Dreyfus Midcap's volatility.| Risk Adjusted Performance | 0.0962 | |||
| Jensen Alpha | 0.1008 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 1.3 |
Dreyfus Midcap Index Backtested Returns
At this stage we consider DREYFUS Mutual Fund to be very steady. Dreyfus Midcap Index secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the fund had a 0.11% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Dreyfus Midcap Index, which you can use to evaluate the volatility of the entity. Please confirm Dreyfus Midcap's Downside Deviation of 0.8927, semi deviation of 0.6969, and Mean Deviation of 0.7043 to check if the risk estimate we provide is consistent with the expected return of 0.11%. The fund shows a Beta (market volatility) of 0.0852, which means not very significant fluctuations relative to the market. As returns on the market increase, Dreyfus Midcap's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dreyfus Midcap is expected to be smaller as well.
Auto-correlation | -0.24 |
Weak reverse predictability
Dreyfus Midcap Index has weak reverse predictability. Overlapping area represents the amount of predictability between Dreyfus Midcap time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Midcap Index price movement. The serial correlation of -0.24 indicates that over 24.0% of current Dreyfus Midcap price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 2.2 |
Dreyfus Midcap Index lagged returns against current returns
Autocorrelation, which is Dreyfus Midcap 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 Midcap's mutual fund expected returns. We can calculate the autocorrelation of Dreyfus Midcap returns to help us make a trade decision. For example, suppose you find that Dreyfus Midcap 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 Midcap 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 Midcap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dreyfus Midcap 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 Midcap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dreyfus Midcap Lagged Returns
When evaluating Dreyfus Midcap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dreyfus Midcap mutual fund have on its future price. Dreyfus Midcap 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 Midcap autocorrelation shows the relationship between Dreyfus Midcap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dreyfus Midcap Index.
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 Midcap 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 Midcap security.
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