Dreyfusstandish Global Fixed Fund Market Value
DHGCX Fund | USD 19.12 0.04 0.21% |
Symbol | Dreyfusstandish |
Dreyfusstandish Global '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 Dreyfusstandish Global'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 Dreyfusstandish Global.
02/28/2024 |
| 03/29/2024 |
If you would invest 0.00 in Dreyfusstandish Global on February 28, 2024 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 Dreyfusstandish Global over 30 days. Dreyfusstandish Global is related to or competes with Auer Growth, Shelton Funds, Semiconductors Portfolio, Fidelity Advisor, Artisan Thematic, and Tax-managed. To pursue its goal, the fund normally invests at least 80 percent of its net assets, plus any borrowings for investment ... More
Dreyfusstandish Global 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 Dreyfusstandish Global'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.
Downside Deviation | 0.2256 | |||
Information Ratio | (0.57) | |||
Maximum Drawdown | 0.9485 | |||
Value At Risk | (0.37) | |||
Potential Upside | 0.3173 |
Dreyfusstandish Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dreyfusstandish Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dreyfusstandish Global's standard deviation. In reality, there are many statistical measures that can use Dreyfusstandish Global historical prices to predict the future Dreyfusstandish Global's volatility.Risk Adjusted Performance | 0.0177 | |||
Jensen Alpha | (0) | |||
Total Risk Alpha | (0.04) | |||
Sortino Ratio | (0.54) | |||
Treynor Ratio | 0.0654 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dreyfusstandish Global'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
We consider Dreyfusstandish Global very steady. Dreyfusstandish Global secures Sharpe Ratio (or Efficiency) of 0.0741, which denotes the fund had a 0.0741% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Dreyfusstandish Global Fixed, which you can use to evaluate the volatility of the entity. Please confirm Dreyfusstandish Global's Downside Deviation of 0.2256, semi deviation of 0.1611, and Mean Deviation of 0.1706 to check if the risk estimate we provide is consistent with the expected return of 0.0157%. The fund shows a Beta (market volatility) of 0.0452, which means not very significant fluctuations relative to the market. As returns on the market increase, Dreyfusstandish Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dreyfusstandish Global is expected to be smaller as well.
Auto-correlation | 0.82 |
Very good predictability
Dreyfusstandish Global Fixed has very good predictability. Overlapping area represents the amount of predictability between Dreyfusstandish Global time series from 28th of February 2024 to 14th of March 2024 and 14th of March 2024 to 29th of March 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 0.82 indicates that around 82.0% of current Dreyfusstandish Global price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.82 | |
Spearman Rank Test | 0.85 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
Dreyfusstandish Global lagged returns against current returns
Autocorrelation, which is Dreyfusstandish Global 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 Dreyfusstandish Global's mutual fund expected returns. We can calculate the autocorrelation of Dreyfusstandish Global returns to help us make a trade decision. For example, suppose you find that Dreyfusstandish Global 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 |
Dreyfusstandish Global 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 Dreyfusstandish Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dreyfusstandish Global mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dreyfusstandish Global mutual fund over time.
Current vs Lagged Prices |
Timeline |
Dreyfusstandish Global Lagged Returns
When evaluating Dreyfusstandish Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dreyfusstandish Global mutual fund have on its future price. Dreyfusstandish Global 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, Dreyfusstandish Global autocorrelation shows the relationship between Dreyfusstandish Global 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 Dreyfusstandish Global
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 Dreyfusstandish Global 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 Dreyfusstandish Global will appreciate offsetting losses from the drop in the long position's value.Moving together with Dreyfusstandish Mutual Fund
0.89 | DHGAX | Dreyfusstandish Global | PairCorr |
0.65 | DLDCX | Dreyfus Natural Resources | PairCorr |
0.66 | VTIBX | Vanguard Total Inter | PairCorr |
0.69 | VTIFX | Vanguard Total Inter | PairCorr |
The ability to find closely correlated positions to Dreyfusstandish Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dreyfusstandish Global 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 Dreyfusstandish Global - 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 Dreyfusstandish Global 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 Dreyfusstandish Global 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 Dreyfusstandish Global 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 Dreyfusstandish Global Correlation, Dreyfusstandish Global Volatility and Dreyfusstandish Global Alpha and Beta module to complement your research on Dreyfusstandish Global. Note that the Dreyfusstandish Global information on this page should be used as a complementary analysis to other Dreyfusstandish Global'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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for Dreyfusstandish Mutual Fund analysis
When running Dreyfusstandish Global's price analysis, check to measure Dreyfusstandish Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Dreyfusstandish Global is operating at the current time. Most of Dreyfusstandish Global's value examination focuses on studying past and present price action to predict the probability of Dreyfusstandish Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dreyfusstandish Global's price. Additionally, you may evaluate how the addition of Dreyfusstandish Global to your portfolios can decrease your overall portfolio volatility.
ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
Stocks Directory Find actively traded stocks across global markets | |
Global Correlations Find global opportunities by holding instruments from different markets | |
Commodity Directory Find actively traded commodities issued by global exchanges | |
Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios |
Dreyfusstandish Global 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.