Dreyfus Municipal Bond Fund Market Value

DMBYX Fund  USD 12.07  0.03  0.25%   
Dreyfus Municipal's market value is the price at which a share of Dreyfus Municipal trades on a public exchange. It measures the collective expectations of Dreyfus Municipal Bond investors about its performance. Dreyfus Municipal is trading at 12.07 as of the 22nd of December 2024; that is 0.25% up since the beginning of the trading day. The fund's open price was 12.04.
With this module, you can estimate the performance of a buy and hold strategy of Dreyfus Municipal Bond and determine expected loss or profit from investing in Dreyfus Municipal over a given investment horizon. Check out Dreyfus Municipal Correlation, Dreyfus Municipal Volatility and Dreyfus Municipal Alpha and Beta module to complement your research on Dreyfus Municipal.
Symbol

Please note, there is a significant difference between Dreyfus Municipal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dreyfus Municipal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dreyfus Municipal's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Dreyfus Municipal '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 Municipal'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 Municipal.
0.00
01/02/2023
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/22/2024
0.00
If you would invest  0.00  in Dreyfus Municipal on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Dreyfus Municipal Bond or generate 0.0% return on investment in Dreyfus Municipal over 720 days. Dreyfus Municipal is related to or competes with Dreyfus High, Dreyfusthe Boston, Dreyfus International, Dreyfus International, Dreyfus International, Dreyfus International, and Dreyfus Short. The fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in municip... More

Dreyfus Municipal 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 Municipal'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 Municipal Bond upside and downside potential and time the market with a certain degree of confidence.

Dreyfus Municipal Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Dreyfus Municipal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dreyfus Municipal's standard deviation. In reality, there are many statistical measures that can use Dreyfus Municipal historical prices to predict the future Dreyfus Municipal's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dreyfus Municipal'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.
Hype
Prediction
LowEstimatedHigh
11.7812.0712.36
Details
Intrinsic
Valuation
LowRealHigh
11.3311.6213.28
Details

Dreyfus Municipal Bond Backtested Returns

Dreyfus Municipal Bond secures Sharpe Ratio (or Efficiency) of -0.0864, which denotes the fund had a -0.0864% return per unit of standard deviation over the last 3 months. Dreyfus Municipal Bond exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dreyfus Municipal's Mean Deviation of 0.1862, coefficient of variation of (1,166), and Standard Deviation of 0.2855 to check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.0437, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Dreyfus Municipal are expected to decrease at a much lower rate. During the bear market, Dreyfus Municipal is likely to outperform the market.

Auto-correlation

    
  -0.13  

Insignificant reverse predictability

Dreyfus Municipal Bond has insignificant reverse predictability. Overlapping area represents the amount of predictability between Dreyfus Municipal time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd of December 2024. 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 Municipal Bond price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Dreyfus Municipal price fluctuation can be explain by its past prices.
Correlation Coefficient-0.13
Spearman Rank Test0.1
Residual Average0.0
Price Variance0.03

Dreyfus Municipal Bond lagged returns against current returns

Autocorrelation, which is Dreyfus Municipal 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 Municipal's mutual fund expected returns. We can calculate the autocorrelation of Dreyfus Municipal returns to help us make a trade decision. For example, suppose you find that Dreyfus Municipal 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 Municipal 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 Municipal mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dreyfus Municipal 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 Municipal mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Dreyfus Municipal Lagged Returns

When evaluating Dreyfus Municipal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dreyfus Municipal mutual fund have on its future price. Dreyfus Municipal 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 Municipal autocorrelation shows the relationship between Dreyfus Municipal mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dreyfus Municipal Bond.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Dreyfus Mutual Fund

Dreyfus Municipal 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 Municipal security.
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