Dreyfus Strategic Value Fund Market Value
| DRGYX Fund | USD 45.51 0.16 0.35% |
| Symbol | Dreyfus |
Dreyfus Strategic '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 Strategic'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 Strategic.
| 06/16/2024 |
| 12/13/2024 |
If you would invest 0.00 in Dreyfus Strategic on June 16, 2024 and sell it all today you would earn a total of 0.00 from holding Dreyfus Strategic Value or generate 0.0% return on investment in Dreyfus Strategic over 180 days. Dreyfus Strategic is related to or competes with Franklin Lifesmart, Qs Moderate, Jpmorgan Smartretirement, Dimensional Retirement, Sierra E, and Calvert Moderate. To pursue its goal, the fund normally invests at least 80 percent of its net assets, plus any borrowings for investment ... More
Dreyfus Strategic 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 Strategic'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 Strategic Value upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 11.27 | |||
| Value At Risk | (0.82) | |||
| Potential Upside | 1.17 |
Dreyfus Strategic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dreyfus Strategic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dreyfus Strategic's standard deviation. In reality, there are many statistical measures that can use Dreyfus Strategic historical prices to predict the future Dreyfus Strategic's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.10) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dreyfus Strategic'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 Strategic Value Backtested Returns
Dreyfus Strategic Value secures Sharpe Ratio (or Efficiency) of -0.0417, which denotes the fund had a -0.0417% return per unit of standard deviation over the last 3 months. Dreyfus Strategic Value exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dreyfus Strategic's Standard Deviation of 1.19, mean deviation of 0.6198, and Coefficient Of Variation of (7,248) to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.26, which means not very significant fluctuations relative to the market. As returns on the market increase, Dreyfus Strategic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dreyfus Strategic is expected to be smaller as well.
Auto-correlation | 0.31 |
Below average predictability
Dreyfus Strategic Value has below average predictability. Overlapping area represents the amount of predictability between Dreyfus Strategic time series from 16th of June 2024 to 14th of September 2024 and 14th of September 2024 to 13th 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 Strategic Value price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Dreyfus Strategic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 2.06 |
Dreyfus Strategic Value lagged returns against current returns
Autocorrelation, which is Dreyfus Strategic 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 Strategic's mutual fund expected returns. We can calculate the autocorrelation of Dreyfus Strategic returns to help us make a trade decision. For example, suppose you find that Dreyfus Strategic 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 Strategic 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 Strategic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dreyfus Strategic 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 Strategic mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dreyfus Strategic Lagged Returns
When evaluating Dreyfus Strategic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dreyfus Strategic mutual fund have on its future price. Dreyfus Strategic 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 Strategic autocorrelation shows the relationship between Dreyfus Strategic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dreyfus Strategic Value.
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 Strategic 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 Strategic security.
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