Dreyfus Tax Competition

DPTAX Fund

USD 32.81 0.24 0.74%

Dreyfus Tax Managed competes with Allianzgi Health, Alger Health, Invesco Global, Hartford Healthcare, and Prudential Health; as well as few others. The fund is listed under Large Growth category and is part of BNY Mellon family. Analyzing Dreyfus Tax competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Dreyfus Tax to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Dreyfus Tax Correlation with its peers.

You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Dreyfus Tax competition on your existing holdings.

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Hype

Prediction

Low	Estimated	High
30.90	32.81	34.72

Details

Intrinsic

Valuation

Low	Real	High
31.59	33.50	35.41

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Dreyfus Tax. Your research has to be compared to or analyzed against Dreyfus Tax's peers to derive any actionable benefits. When done correctly, Dreyfus Tax'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 Tax Managed.

Dreyfus Tax Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Dreyfus Tax and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Dreyfus and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Dreyfus Tax Managed does not affect the price movement of the other competitor.

	XXGRX	RAGHX	AHSCX	GGHYX	HIAHX	PHLAX
XXGRX		0.96	0.57	0.96	0.97	0.81	XXGRX
RAGHX	0.96		0.58	0.92	0.98	0.75	RAGHX
AHSCX	0.57	0.58		0.61	0.53	0.71	AHSCX
GGHYX	0.96	0.92	0.61		0.92	0.84	GGHYX
HIAHX	0.97	0.98	0.53	0.92		0.75	HIAHX
PHLAX	0.81	0.75	0.71	0.84	0.75		PHLAX
	XXGRX	RAGHX	AHSCX	GGHYX	HIAHX	PHLAX

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Risk-Adjusted Indicators

There is a big difference between Dreyfus Mutual Fund performing well and Dreyfus Tax Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Dreyfus Tax's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
XXGRX	0.68	(0.22)	(1.67)	0.95	(1.60)	3.52
RAGHX	0.64	(0.16)	(0.20)	1.04	(1.37)	3.33
AHSCX	0.59	(0.09)	(0.13)	0.90	(1.27)	5.39
GGHYX	0.70	(0.25)	(1.06)	1.02	(1.72)	6.10
HIAHX	0.66	(0.21)	(0.28)	1.04	(1.62)	3.83
PHLAX	0.94	(0.32)	(1.01)	1.04	(2.05)	14.57

Unable to evaluate fundamental data of [XXGRX, RAGHX, AHSCX, GGHYX, HIAHX, PHLAX] at this time. Please try again later

All Fundamental Data

Dreyfus Tax Competitive Analysis

The better you understand Dreyfus Tax competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Dreyfus Tax's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Dreyfus Tax's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	DPTAX	XXGRX	RAGHX	AHSCX	GGHYX	HIAHX	PHLAX
	0.74 32.81 Dreyfus	0.18 11.05 Gabelli	0.54 28.07 Allianzgi	0.70 12.92 Alger	0.83 37.54 Invesco	0.30 16.57 Hartford	0.17 34.58 Prudential
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Very Weak	Very Weak	Very Weak	Very Weak	Very Weak	Very Weak	Very Weak
Odds of Financial Distress (Probability Of Bankruptcy)	Low	About Average	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Under Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Fairly Valued	Under Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Hold	Cautious Hold	Strong Hold	Strong Hold	Cautious Hold	Strong Hold	Cautious Hold
Net Asset	132.41 M	N/A	175.34 M	146.94 M	1.47 B	350.11 M	1.68 B
Minimum Initial Investment	N/A	N/A	N/A	N/A	1 K	N/A	N/A
Price To Book	3.37 X	N/A	3.27 X	4.19 X	3.08 X	2.51 X	2.63 X
Five Year Return	11.07 %	N/A	4.82 %	0.84 %	3.86 %	4.71 %	10.51 %
One Year Return	14.14 %	N/A	(0.68) %	6.63 %	7.80 %	2.87 %	11.73 %
Last Dividend Paid	0.02	0.15	0.03	N/A	N/A	0.13	N/A
Price To Earning	20.38 X	N/A	20.87 X	1.45 X	19.86 X	3.72 X	25.62 X
Price To Sales	2.87 X	N/A	2.67 X	3.36 X	2.29 X	1.47 X	2.12 X
Cash Position Weight	0.57 %	N/A	4.28 %	2.11 %	1.83 %	1.68 %	5.13 %
Equity Positions Weight	99.43 %	N/A	95.72 %	94.69 %	98.17 %	98.32 %	94.87 %
Three Year Return	4.14 %	N/A	(3.53) %	(6.45) %	(0.73) %	(2.09) %	3.38 %
Annual Yield	N/A	N/A	N/A	N/A	N/A	0 %	N/A
Year To Date Return	12.67 %	N/A	2.61 %	1.26 %	4.44 %	1.37 %	10.31 %
Ten Year Return	10.46 %	N/A	14.41 %	14.33 %	12.80 %	17.03 %	17.39 %
Daily Balance Of Power	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T
Day Typical Price	32.81	11.05	28.07	12.92	37.54	16.57	34.58
Period Momentum Indicator	0.24	0.02	0.15	0.09	0.31	0.05	0.06
Rate Of Daily Change	1.01	1.0	1.01	1.01	1.01	1.0	1.0
Day Median Price	32.81	11.05	28.07	12.92	37.54	16.57	34.58
Price Action Indicator	0.12	0.01	0.075	0.045	0.16	0.025	0.03
Coefficient Of Variation	(959.97)	(392.24)	(620.50)	(1,305)	(425.20)	(480.47)	(632.34)
Mean Deviation	0.7472	0.678	0.6375	0.5919	0.6957	0.6623	0.937
Jensen Alpha	(0.23)	(0.22)	(0.16)	(0.09)	(0.25)	(0.21)	(0.32)
Total Risk Alpha	(0.29)	(0.25)	(0.17)	(0.11)	(0.28)	(0.22)	(0.39)
Standard Deviation	1.87	0.8134	0.7916	0.7975	0.985	0.8319	1.86
Kurtosis	47.88	(0.57)	(0.16)	2.6	6.29	0.2545	35.05
Potential Upside	0.8959	0.9547	1.04	0.9043	1.02	1.04	1.04
Treynor Ratio	(0.24)	(1.67)	(0.20)	(0.13)	(1.06)	(0.28)	(1.01)
Maximum Drawdown	15.68	3.52	3.33	5.39	6.1	3.83	14.57
Variance	3.49	0.6616	0.6266	0.636	0.9703	0.6921	3.47
Market Risk Adjusted Performance	(0.23)	(1.66)	(0.19)	(0.12)	(1.05)	(0.27)	(1.00)
Risk Adjusted Performance	(0.08)	(0.20)	(0.13)	(0.06)	(0.19)	(0.17)	(0.12)
Skewness	(6.47)	(0.28)	(0.28)	(0.17)	(1.77)	(0.53)	(5.25)
Information Ratio	(0.13)	(0.31)	(0.22)	(0.13)	(0.28)	(0.26)	(0.18)
Value At Risk	(1.85)	(1.60)	(1.37)	(1.27)	(1.72)	(1.62)	(2.05)

Dreyfus Tax Competition Performance Charts

Five steps to successful analysis of Dreyfus Tax Competition

Dreyfus Tax's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Dreyfus Tax Managed in relation to its competition. Dreyfus Tax's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Dreyfus Tax in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Dreyfus Tax's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Dreyfus Tax Managed, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

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Other Information on Investing in Dreyfus Mutual Fund

Dreyfus Tax 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 Tax security.

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