Dreyfus Technology Equity Positions Weight vs. Three Year Return
| DTEYX Fund | USD 78.80 0.73 0.94% |
For Dreyfus Technology profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Dreyfus Technology to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Dreyfus Technology Growth utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Dreyfus Technology's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Dreyfus Technology Growth over time as well as its relative position and ranking within its peers.
Dreyfus |
Dreyfus Technology Growth Three Year Return vs. Equity Positions Weight Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Dreyfus Technology's current stock value. Our valuation model uses many indicators to compare Dreyfus Technology value to that of its competitors to determine the firm's financial worth. Dreyfus Technology Growth is one of the top funds in equity positions weight among similar funds. It also is one of the top funds in three year return among similar funds reporting about 0.05 of Three Year Return per Equity Positions Weight. The ratio of Equity Positions Weight to Three Year Return for Dreyfus Technology Growth is roughly 19.03 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Dreyfus Technology's earnings, one of the primary drivers of an investment's value.Dreyfus Three Year Return vs. Equity Positions Weight
Percentage of fund asset invested in equity instruments. About 80% of global funds and ETFs carry equity instruments on their balance sheet.
Dreyfus Technology |
| = | 93.90 % |
Funds with most asset allocated to stocks can be subclassified into many different categories such as market capitalization or investment style.
Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
Dreyfus Technology |
| = | 4.93 % |
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
Dreyfus Three Year Return Comparison
Dreyfus Technology is currently under evaluation in three year return among similar funds.
Dreyfus Technology Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Dreyfus Technology, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Dreyfus Technology will eventually generate negative long term returns. The profitability progress is the general direction of Dreyfus Technology's change in net profit over the period of time. It can combine multiple indicators of Dreyfus Technology, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
To pursue its goal, the fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in the stocks of growth companies of any size that the sub-adviser believes to be leading producers or beneficiaries of technological innovation. Up to 25 percent of the funds assets may be invested in foreign securities. In choosing stocks, the funds portfolio managers looks for technology companies with the potential for strong earnings or revenue growth rates.
Dreyfus Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Dreyfus Technology. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Dreyfus Technology position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Dreyfus Technology's important profitability drivers and their relationship over time.
Use Dreyfus Technology in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Dreyfus Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Dreyfus Technology will appreciate offsetting losses from the drop in the long position's value.Dreyfus Technology Pair Trading
Dreyfus Technology Growth Pair Trading Analysis
The ability to find closely correlated positions to Dreyfus Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dreyfus Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Dreyfus Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Dreyfus Technology Growth to buy it.
The correlation of Dreyfus Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dreyfus Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dreyfus Technology Growth moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Dreyfus Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Dreyfus Technology position
In addition to having Dreyfus Technology in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Soft Drinks Thematic Idea Now
Soft Drinks
Entities manufacturing and distributing non alcoholic beverages across different markets. The Soft Drinks theme has 48 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Soft Drinks Theme or any other thematic opportunities.
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Other Information on Investing in Dreyfus Mutual Fund
To fully project Dreyfus Technology's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Dreyfus Technology Growth at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Dreyfus Technology's income statement, its balance sheet, and the statement of cash flows.
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