Dreyfus Tax Managed Fund Market Value
| DPTAX Fund | USD 32.57 0.23 0.71% |
| Symbol | Dreyfus |
Dreyfus Tax '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 Tax'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 Tax.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in Dreyfus Tax on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Dreyfus Tax Managed or generate 0.0% return on investment in Dreyfus Tax over 30 days. Dreyfus Tax is related to or competes with Marsico Focus, Dreyfus Sp, Dreyfus Institutional, Causeway International, and T Rowe. To pursue its goal, the fund normally invests at least 80 percent of its net assets, plus any borrowings for investment ... More
Dreyfus Tax 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 Tax'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 Tax Managed upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 15.68 | |||
| Value At Risk | (1.85) | |||
| Potential Upside | 0.8959 |
Dreyfus Tax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dreyfus Tax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dreyfus Tax's standard deviation. In reality, there are many statistical measures that can use Dreyfus Tax historical prices to predict the future Dreyfus Tax's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.25) |
Dreyfus Tax Managed Backtested Returns
Dreyfus Tax Managed secures Sharpe Ratio (or Efficiency) of -0.11, which denotes the fund had a -0.11% return per unit of standard deviation over the last 3 months. Dreyfus Tax Managed exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dreyfus Tax's Coefficient Of Variation of (908.03), mean deviation of 0.741, and Standard Deviation of 1.87 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.85, which means possible diversification benefits within a given portfolio. As returns on the market increase, Dreyfus Tax's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dreyfus Tax is expected to be smaller as well.
Auto-correlation | 0.39 |
Below average predictability
Dreyfus Tax Managed has below average predictability. Overlapping area represents the amount of predictability between Dreyfus Tax time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 Tax Managed price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Dreyfus Tax price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Dreyfus Tax Managed lagged returns against current returns
Autocorrelation, which is Dreyfus Tax 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 Tax's mutual fund expected returns. We can calculate the autocorrelation of Dreyfus Tax returns to help us make a trade decision. For example, suppose you find that Dreyfus Tax 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 Tax 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 Tax mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dreyfus Tax 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 Tax mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dreyfus Tax Lagged Returns
When evaluating Dreyfus Tax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dreyfus Tax mutual fund have on its future price. Dreyfus Tax 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 Tax autocorrelation shows the relationship between Dreyfus Tax mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dreyfus Tax Managed.
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 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.
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm |