Dreyfus Tax Managed Fund Buy Hold or Sell Recommendation

DPTAX Fund  USD 32.81  0.24  0.74%   
Assuming the 90 days horizon and your above-average risk tolerance, our recommendation regarding Dreyfus Tax Managed is 'Strong Hold'. A buy or sell recommendation is an automated directive regarding whether to purchase or sell Dreyfus Tax Managed given historical horizon and risk tolerance. When we issue a 'buy' or 'sell' recommendation for Dreyfus Tax Managed, the advice is generated through an automated system that utilizes algorithms and statistical models.
  
Check out Dreyfus Tax Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
Note, we conduct extensive research on individual funds such as Dreyfus and provide practical buy, sell, or hold recommendation based on investors' investing horizon and their risk tolerance towards Dreyfus Tax Managed. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Execute Dreyfus Tax Buy or Sell Advice

The Dreyfus recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Dreyfus Tax Managed. Macroaxis does not own or have any residual interests in Dreyfus Tax Managed or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Dreyfus Tax's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Dreyfus TaxBuy Dreyfus Tax
Strong Hold

Market Performance

Very WeakDetails

Volatility

Very steadyDetails

Hype Condition

StaleDetails

Current Valuation

UndervaluedDetails

Odds Of Distress

LowDetails

Economic Sensitivity

Barely shadows the marketDetails

Analyst Consensus

Not AvailableDetails
For the selected time horizon Dreyfus Tax Managed has a Risk Adjusted Performance of (0.08), Jensen Alpha of (0.23), Total Risk Alpha of (0.29) and Treynor Ratio of (0.24)
Our advice module can be used to complement Dreyfus Tax investment recommendation provided by average analyst sentiment. It analyzes the fund's potential to grow using fundamental, technical, data market data available at the time. Use Dreyfus Tax Managed price to book, three year return, as well as the relationship between the Three Year Return and equity positions weight to ensure your buy or sell decision on Dreyfus Tax Managed is adequate.

Dreyfus Tax Trading Alerts and Improvement Suggestions

Dreyfus Tax Managed generated a negative expected return over the last 90 days
The fund retains 99.43% of its assets under management (AUM) in equities

Dreyfus Tax Returns Distribution Density

The distribution of Dreyfus Tax's historical returns is an attempt to chart the uncertainty of Dreyfus Tax's future price movements. The chart of the probability distribution of Dreyfus Tax daily returns describes the distribution of returns around its average expected value. We use Dreyfus Tax Managed price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Dreyfus Tax returns is essential to provide solid investment advice for Dreyfus Tax.
Mean Return
-0.19
Value At Risk
-1.85
Potential Upside
0.90
Standard Deviation
1.87
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Dreyfus Tax historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Dreyfus Tax Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Dreyfus Tax or BNY Mellon sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Dreyfus Tax's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Dreyfus fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over Dow Jones
-0.23
β
Beta against Dow Jones0.85
σ
Overall volatility
1.90
Ir
Information ratio -0.13

Dreyfus Tax Volatility Alert

Dreyfus Tax Managed exhibits very low volatility with skewness of -6.47 and kurtosis of 47.88. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Dreyfus Tax's mutual fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Dreyfus Tax's mutual fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

Dreyfus Tax Fundamentals Vs Peers

Comparing Dreyfus Tax's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Dreyfus Tax's direct or indirect competition across all of the common fundamentals between Dreyfus Tax and the related equities. This way, we can detect undervalued stocks with similar characteristics as Dreyfus Tax or determine the mutual funds which would be an excellent addition to an existing portfolio. Peer analysis of Dreyfus Tax's fundamental indicators could also be used in its relative valuation, which is a method of valuing Dreyfus Tax by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Dreyfus Tax to competition
FundamentalsDreyfus TaxPeer Average
Price To Earning20.38 X6.53 X
Price To Book3.37 X0.74 X
Price To Sales2.87 X0.61 X
Year To Date Return12.67 %0.39 %
One Year Return14.14 %4.15 %
Three Year Return4.14 %3.60 %
Five Year Return11.07 %3.24 %
Ten Year Return10.46 %1.79 %
Net Asset132.41 M4.11 B
Last Dividend Paid0.020.65
Cash Position Weight0.57 %10.61 %
Equity Positions Weight99.43 %63.90 %

Dreyfus Tax Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Dreyfus . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Dreyfus Tax Buy or Sell Advice

When is the right time to buy or sell Dreyfus Tax Managed? Buying financial instruments such as Dreyfus Mutual Fund isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

Use Investing Ideas to Build Portfolios

In addition to having Dreyfus Tax 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.

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Latest Gainers Theme
Dynamically computed list of top equities currently sorted across major exchanges. The Latest Gainers theme has 144 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 Latest Gainers Theme or any other thematic opportunities.
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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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