Dreyfusstandish Global Fixed Fund Market Value
DHGAX Fund | USD 19.43 0.07 0.36% |
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.
03/31/2024 |
| 04/30/2024 |
If you would invest 0.00 in Dreyfusstandish Global on March 31, 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 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
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.
Information Ratio | (0.28) | |||
Maximum Drawdown | 1.27 | |||
Value At Risk | (0.41) | |||
Potential Upside | 0.3559 |
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 | (0.04) | |||
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 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
Dreyfusstandish Global secures Sharpe Ratio (or Efficiency) of -0.0982, which denotes the fund had a -0.0982% 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 Dreyfusstandish Global's Coefficient Of Variation of (2,204), standard deviation of 0.25, and Mean Deviation of 0.2011 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, 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 | 0.23 |
Weak predictability
Dreyfusstandish Global Fixed has weak predictability. Overlapping area represents the amount of predictability between Dreyfusstandish Global time series from 31st of March 2024 to 15th of April 2024 and 15th of April 2024 to 30th 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 0.23 indicates that over 23.0% of current Dreyfusstandish Global price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.23 | |
Spearman Rank Test | -0.17 | |
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 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Dreyfusstandish Global in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Dreyfusstandish Global's short interest history, or implied volatility extrapolated from Dreyfusstandish Global options trading.
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
0.91 | DHGCX | Dreyfusstandish Global | PairCorr |
Moving against Dreyfusstandish Mutual Fund
0.7 | VTIIX | Vontobel International | 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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
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.