Dreyfus High Yield Fund Market Value
| XDHFX Fund | USD 2.73 0.02 0.73% |
| Symbol | Dreyfus |
Please note, there is a significant difference between Dreyfus High's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dreyfus High is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dreyfus High'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 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.
| 12/08/2023 |
| 01/01/2025 |
If you would invest 0.00 in Dreyfus High on December 8, 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 390 days. Dreyfus High is related to or competes with Fidelity Series, Virtus Nfj, Qs Us, Cb Large, and Qs Us. Dreyfus High is entity of United States. It is traded as Fund on NMFQS exchange. 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 | (0.18) | |||
| Maximum Drawdown | 1.09 | |||
| Value At Risk | (0.36) | |||
| Potential Upside | 0.3623 |
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 | (0.14) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (1.48) |
Dreyfus High Yield Backtested Returns
Dreyfus High Yield secures Sharpe Ratio (or Efficiency) of -0.14, which denotes the fund had a -0.14% return per unit of standard deviation over the last 3 months. Dreyfus High Yield exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dreyfus High's Mean Deviation of 0.1514, standard deviation of 0.2351, and Coefficient Of Variation of (719.96) to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0288, which means not very significant fluctuations relative to the market. As returns on the market increase, Dreyfus High's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dreyfus High is expected to be smaller as well.
Auto-correlation | 0.27 |
Poor predictability
Dreyfus High Yield has poor predictability. Overlapping area represents the amount of predictability between Dreyfus High time series from 8th of December 2023 to 20th of June 2024 and 20th of June 2024 to 1st 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 0.27 indicates that nearly 27.0% of current Dreyfus High price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
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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