Dreyfus New Jersey Fund Probability of Future Mutual Fund Price Finishing Under 11.48
| DNJYX Fund | USD 11.78 0.04 0.34% |
Dreyfus |
Dreyfus New Target Price Odds to finish below 11.48
The tendency of Dreyfus Mutual Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 11.48 or more in 90 days |
| 11.78 | 90 days | 11.48 | near 1 |
Based on a normal probability distribution, the odds of Dreyfus New to drop to $ 11.48 or more in 90 days from now is near 1 (This Dreyfus New Jersey probability density function shows the probability of Dreyfus Mutual Fund to fall within a particular range of prices over 90 days) . Probability of Dreyfus New Jersey price to stay between $ 11.48 and its current price of $11.78 at the end of the 90-day period is about 5.1 .
Assuming the 90 days horizon Dreyfus New Jersey has a beta of -0.0484 suggesting as returns on the benchmark increase, returns on holding Dreyfus New are expected to decrease at a much lower rate. During a bear market, however, Dreyfus New Jersey is likely to outperform the market. Additionally Dreyfus New Jersey has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Dreyfus New Price Density |
| Price |
Predictive Modules for Dreyfus New
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Dreyfus New Jersey. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dreyfus New's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Dreyfus New Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Dreyfus New is not an exception. The market had few large corrections towards the Dreyfus New's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Dreyfus New Jersey, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Dreyfus New within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.03 | |
β | Beta against Dow Jones | -0.05 | |
σ | Overall volatility | 0.08 | |
Ir | Information ratio | -0.18 |
Dreyfus New Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Dreyfus New for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Dreyfus New Jersey can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Dreyfus New Jersey generated a negative expected return over the last 90 days | |
| The fund generated three year return of -1.0% | |
| Dreyfus New Jersey retains most of the assets under management (AUM) in different types of exotic instruments. |
Dreyfus New Technical Analysis
Dreyfus New's future price can be derived by breaking down and analyzing its technical indicators over time. Dreyfus Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Dreyfus New Jersey. In general, you should focus on analyzing Dreyfus Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
Dreyfus New Predictive Forecast Models
Dreyfus New's time-series forecasting models is one of many Dreyfus New's mutual fund analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Dreyfus New's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the mutual fund market movement and maximize returns from investment trading.
Things to note about Dreyfus New Jersey
Checking the ongoing alerts about Dreyfus New for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Dreyfus New Jersey help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Dreyfus New Jersey generated a negative expected return over the last 90 days | |
| The fund generated three year return of -1.0% | |
| Dreyfus New Jersey retains most of the assets under management (AUM) in different types of exotic instruments. |
Other Information on Investing in Dreyfus Mutual Fund
Dreyfus New 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 New security.
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites |