Dreyfus California Amt Free Fund Market Value
| DCACX Fund | USD 13.46 0.02 0.15% |
| Symbol | Dreyfus |
Dreyfus California '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 California'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 California.
| 03/29/2024 |
| 01/23/2025 |
If you would invest 0.00 in Dreyfus California on March 29, 2024 and sell it all today you would earn a total of 0.00 from holding Dreyfus California Amt Free or generate 0.0% return on investment in Dreyfus California over 300 days. Dreyfus California is related to or competes with Calvert Moderate, Blackrock Moderate, Sierra Core, Hartford Moderate, and Putnman Retirement. The fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in municip... More
Dreyfus California 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 California'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 California Amt Free upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3775 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 1.48 | |||
| Value At Risk | (0.44) | |||
| Potential Upside | 0.3731 |
Dreyfus California Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dreyfus California's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dreyfus California's standard deviation. In reality, there are many statistical measures that can use Dreyfus California historical prices to predict the future Dreyfus California's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | (0.16) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dreyfus California'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 California Amt Backtested Returns
Dreyfus California Amt secures Sharpe Ratio (or Efficiency) of -0.0173, which denotes the fund had a -0.0173 % return per unit of standard deviation over the last 3 months. Dreyfus California Amt Free exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dreyfus California's Downside Deviation of 0.3775, mean deviation of 0.1854, and Semi Deviation of 0.2813 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0454, which means not very significant fluctuations relative to the market. As returns on the market increase, Dreyfus California's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dreyfus California is expected to be smaller as well.
Auto-correlation | -0.4 |
Poor reverse predictability
Dreyfus California Amt Free has poor reverse predictability. Overlapping area represents the amount of predictability between Dreyfus California time series from 29th of March 2024 to 26th of August 2024 and 26th of August 2024 to 23rd of January 2025. 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 California Amt price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Dreyfus California price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Dreyfus California Amt lagged returns against current returns
Autocorrelation, which is Dreyfus California 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 California's mutual fund expected returns. We can calculate the autocorrelation of Dreyfus California returns to help us make a trade decision. For example, suppose you find that Dreyfus California 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 California 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 California mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dreyfus California 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 California mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dreyfus California Lagged Returns
When evaluating Dreyfus California's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dreyfus California mutual fund have on its future price. Dreyfus California 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 California autocorrelation shows the relationship between Dreyfus California mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dreyfus California Amt Free.
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 California 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 California security.
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