Dreyfus High Yield Fund Market Value
| DPLTX Fund | USD 5.36 0.02 0.37% |
| Symbol | Dreyfus |
Dreyfus High '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 High'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 High.
| 01/21/2023 |
| 01/10/2025 |
If you would invest 0.00 in Dreyfus High on January 21, 2023 and sell it all today you would earn a total of 0.00 from holding Dreyfus High Yield or generate 0.0% return on investment in Dreyfus High over 720 days. Dreyfus High is related to or competes with Moderately Aggressive, Qs Moderate, Voya Target, and Franklin Lifesmart. The fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in fixed-i... More
Dreyfus High 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 High'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 High Yield upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 1.11 | |||
| Value At Risk | (0.37) | |||
| Potential Upside | 0.1866 |
Dreyfus High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dreyfus High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dreyfus High's standard deviation. In reality, there are many statistical measures that can use Dreyfus High historical prices to predict the future Dreyfus High's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | 1.78 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dreyfus High'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 High Yield Backtested Returns
At this stage we consider Dreyfus Mutual Fund to be very steady. Dreyfus High Yield secures Sharpe Ratio (or Efficiency) of 0.0175, which denotes the fund had a 0.0175% return per unit of standard deviation over the last 3 months. We have found twenty-two technical indicators for Dreyfus High Yield, which you can use to evaluate the volatility of the entity. Please confirm Dreyfus High's Standard Deviation of 0.1854, coefficient of variation of (7,010), and Mean Deviation of 0.111 to check if the risk estimate we provide is consistent with the expected return of 0.0032%. The fund shows a Beta (market volatility) of -0.0071, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Dreyfus High are expected to decrease at a much lower rate. During the bear market, Dreyfus High is likely to outperform the market.
Auto-correlation | 0.73 |
Good predictability
Dreyfus High Yield has good predictability. Overlapping area represents the amount of predictability between Dreyfus High time series from 21st of January 2023 to 16th of January 2024 and 16th of January 2024 to 10th 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 High Yield price movement. The serial correlation of 0.73 indicates that around 73.0% of current Dreyfus High price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Dreyfus High Yield lagged returns against current returns
Autocorrelation, which is Dreyfus High 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 High's mutual fund expected returns. We can calculate the autocorrelation of Dreyfus High returns to help us make a trade decision. For example, suppose you find that Dreyfus High 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 High 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 High mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dreyfus High 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 High mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dreyfus High Lagged Returns
When evaluating Dreyfus High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dreyfus High mutual fund have on its future price. Dreyfus High 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 High autocorrelation shows the relationship between Dreyfus High mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dreyfus High Yield.
Regressed Prices |
| Timeline |
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Other Information on Investing in Dreyfus Mutual Fund
Dreyfus High 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 High security.
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