Dreyfus Municipalome Fund Market Value
| XDMFX Fund | USD 7.42 0.03 0.40% |
| Symbol | Dreyfus |
Please note, there is a significant difference between Dreyfus Municipalome's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dreyfus Municipalome is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dreyfus Municipalome'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 Municipalome '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 Municipalome'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 Municipalome.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Dreyfus Municipalome on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Dreyfus Municipalome or generate 0.0% return on investment in Dreyfus Municipalome over 90 days. Dreyfus Municipalome is related to or competes with Calvert Conservative, Fidelity Advisor, Stone Ridge, Aqr Diversified, Diversified Bond, Delaware Limited, and Diversified Bond. Dreyfus Municipalome is entity of United States More
Dreyfus Municipalome 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 Municipalome'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 Municipalome upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0107 | |||
| Maximum Drawdown | 2.36 | |||
| Value At Risk | (0.92) | |||
| Potential Upside | 0.5391 |
Dreyfus Municipalome Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dreyfus Municipalome's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dreyfus Municipalome's standard deviation. In reality, there are many statistical measures that can use Dreyfus Municipalome historical prices to predict the future Dreyfus Municipalome's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (5.40) |
Dreyfus Municipalome Backtested Returns
Dreyfus Municipalome 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 Municipalome exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dreyfus Municipalome's Coefficient Of Variation of (531.77), mean deviation of 0.3676, and Standard Deviation of 0.4983 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.0192, which means not very significant fluctuations relative to the market. As returns on the market increase, Dreyfus Municipalome's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dreyfus Municipalome is expected to be smaller as well.
Auto-correlation | -0.44 |
Modest reverse predictability
Dreyfus Municipalome has modest reverse predictability. Overlapping area represents the amount of predictability between Dreyfus Municipalome time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Municipalome price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Dreyfus Municipalome price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Dreyfus Municipalome lagged returns against current returns
Autocorrelation, which is Dreyfus Municipalome 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 Municipalome's mutual fund expected returns. We can calculate the autocorrelation of Dreyfus Municipalome returns to help us make a trade decision. For example, suppose you find that Dreyfus Municipalome 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 Municipalome 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 Municipalome mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dreyfus Municipalome 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 Municipalome mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dreyfus Municipalome Lagged Returns
When evaluating Dreyfus Municipalome's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dreyfus Municipalome mutual fund have on its future price. Dreyfus Municipalome 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 Municipalome autocorrelation shows the relationship between Dreyfus Municipalome mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dreyfus Municipalome.
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 Municipalome 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 Municipalome security.
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