Dreyfus Alcentra Global Fund Market Value
| XDCFX Fund | USD 9.27 0.01 0.11% |
| Symbol | Dreyfus |
Please note, there is a significant difference between Dreyfus Alcentra's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dreyfus Alcentra is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dreyfus Alcentra'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 Alcentra '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 Alcentra'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 Alcentra.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in Dreyfus Alcentra on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Dreyfus Alcentra Global or generate 0.0% return on investment in Dreyfus Alcentra over 180 days. Dreyfus Alcentra is related to or competes with Us Government, Us Government, Virtus Seix, Inverse Government, Franklin Adjustable, and Us Government. Dreyfus Alcentra is entity of United States More
Dreyfus Alcentra 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 Alcentra'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 Alcentra Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2307 | |||
| Information Ratio | (1.16) | |||
| Maximum Drawdown | 0.6479 | |||
| Value At Risk | (0.22) | |||
| Potential Upside | 0.1085 |
Dreyfus Alcentra Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dreyfus Alcentra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dreyfus Alcentra's standard deviation. In reality, there are many statistical measures that can use Dreyfus Alcentra historical prices to predict the future Dreyfus Alcentra's volatility.| Risk Adjusted Performance | 0.0091 | |||
| Jensen Alpha | 7.0E-4 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.50) | |||
| Treynor Ratio | 0.0167 |
Dreyfus Alcentra Global Backtested Returns
At this stage we consider Dreyfus Mutual Fund to be very steady. Dreyfus Alcentra Global secures Sharpe Ratio (or Efficiency) of 0.0852, which denotes the fund had a 0.0852% return per unit of standard deviation over the last 3 months. We have found twenty-six technical indicators for Dreyfus Alcentra Global, which you can use to evaluate the volatility of the entity. Please confirm Dreyfus Alcentra's Mean Deviation of 0.0602, coefficient of variation of 1008.84, and Downside Deviation of 0.2307 to check if the risk estimate we provide is consistent with the expected return of 0.0086%. The fund shows a Beta (market volatility) of -0.0067, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Dreyfus Alcentra are expected to decrease at a much lower rate. During the bear market, Dreyfus Alcentra is likely to outperform the market.
Auto-correlation | 0.25 |
Poor predictability
Dreyfus Alcentra Global has poor predictability. Overlapping area represents the amount of predictability between Dreyfus Alcentra time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th 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 Alcentra Global price movement. The serial correlation of 0.25 indicates that over 25.0% of current Dreyfus Alcentra price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Dreyfus Alcentra Global lagged returns against current returns
Autocorrelation, which is Dreyfus Alcentra 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 Alcentra's mutual fund expected returns. We can calculate the autocorrelation of Dreyfus Alcentra returns to help us make a trade decision. For example, suppose you find that Dreyfus Alcentra 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 Alcentra 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 Alcentra mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dreyfus Alcentra 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 Alcentra mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dreyfus Alcentra Lagged Returns
When evaluating Dreyfus Alcentra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dreyfus Alcentra mutual fund have on its future price. Dreyfus Alcentra 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 Alcentra autocorrelation shows the relationship between Dreyfus Alcentra mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dreyfus Alcentra Global.
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 Alcentra 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 Alcentra security.
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