Dreyfusstandish Global Fixed Fund Market Value
| DHGAX Fund | USD 19.48 0.06 0.31% |
| Symbol | Dreyfus/standish |
Dreyfus/standish '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/standish'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/standish.
| 07/22/2023 |
| 04/17/2024 |
If you would invest 0.00 in Dreyfus/standish on July 22, 2023 and sell it all today you would earn a total of 0.00 from holding Dreyfusstandish Global Fixed or generate 0.0% return on investment in Dreyfus/standish over 270 days. Dreyfus/standish is related to or competes with Dreyfus High, Dreyfus High, Dreyfus High, Dreyfus New, Dreyfus International, Dreyfus International, and Dreyfus International. To pursue its goal, the fund normally invests at least 80 percent of its net assets, plus any borrowings for investment ... More
Dreyfus/standish 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/standish'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 Dreyfusstandish Global Fixed upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 1.27 | |||
| Value At Risk | (0.41) | |||
| Potential Upside | 0.3559 |
Dreyfus/standish Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dreyfus/standish's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dreyfus/standish's standard deviation. In reality, there are many statistical measures that can use Dreyfus/standish historical prices to predict the future Dreyfus/standish's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.13) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dreyfus/standish'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.
Dreyfusstandish Global Backtested Returns
Dreyfusstandish Global secures Sharpe Ratio (or Efficiency) of -0.0223, which denotes the fund had a -0.0223% return per unit of standard deviation over the last 3 months. Dreyfusstandish Global Fixed exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dreyfus/standish's Mean Deviation of 0.1929, coefficient of variation of (2,174), and Standard Deviation of 0.2469 to check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.16, which means not very significant fluctuations relative to the market. As returns on the market increase, Dreyfus/standish's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dreyfus/standish is expected to be smaller as well.
Auto-correlation | -0.41 |
Modest reverse predictability
Dreyfusstandish Global Fixed has modest reverse predictability. Overlapping area represents the amount of predictability between Dreyfus/standish time series from 22nd of July 2023 to 4th of December 2023 and 4th of December 2023 to 17th of April 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 Dreyfusstandish Global price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Dreyfus/standish price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Dreyfusstandish Global lagged returns against current returns
Autocorrelation, which is Dreyfus/standish 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/standish's mutual fund expected returns. We can calculate the autocorrelation of Dreyfus/standish returns to help us make a trade decision. For example, suppose you find that Dreyfus/standish 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/standish 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/standish mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dreyfus/standish 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/standish mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dreyfus/standish Lagged Returns
When evaluating Dreyfus/standish's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dreyfus/standish mutual fund have on its future price. Dreyfus/standish 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/standish autocorrelation shows the relationship between Dreyfus/standish mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dreyfusstandish Global Fixed.
Regressed Prices |
| Timeline |
Pair Trading with Dreyfus/standish
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Dreyfus/standish position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Dreyfus/standish will appreciate offsetting losses from the drop in the long position's value.Moving together with Dreyfus/standish Mutual Fund
| 0.88 | DHGCX | Dreyfusstandish Global | PairCorr |
| 0.79 | DHMBX | Dreyfus High Yield | PairCorr |
| 0.74 | DIISX | Dreyfus International | PairCorr |
| 0.64 | DISIX | Dreyfus Smallcap Stock | PairCorr |
The ability to find closely correlated positions to Dreyfus/standish could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dreyfus/standish when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Dreyfus/standish - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Dreyfusstandish Global Fixed to buy it.
The correlation of Dreyfus/standish is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dreyfus/standish moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dreyfusstandish Global moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Dreyfus/standish can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Dreyfus/standish Correlation, Dreyfus/standish Volatility and Dreyfus/standish Alpha and Beta module to complement your research on Dreyfus/standish. Note that the Dreyfusstandish Global information on this page should be used as a complementary analysis to other Dreyfus/standish's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Dreyfus/standish technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.