Dreyfus International Equity Fund Market Value
| DIECX Fund | USD 41.08 0.21 0.51% |
| Symbol | Dreyfus |
Dreyfus International '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 International'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 International.
| 08/05/2024 |
| 10/04/2024 |
If you would invest 0.00 in Dreyfus International on August 5, 2024 and sell it all today you would earn a total of 0.00 from holding Dreyfus International Equity or generate 0.0% return on investment in Dreyfus International over 60 days. Dreyfus International is related to or competes with Dreyfusstandish Global, Dreyfusstandish Global, Dreyfus High, Dreyfus High, Dreyfus High, Dreyfus New, and Dreyfus International. The fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity securities of companies that are located in the foreign countries represented in the Morgan Stanley Capital International Europe, Australasia and Far East Index and Canada. More
Dreyfus International 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 International'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 International Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9956 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.76 | |||
| Value At Risk | (1.51) | |||
| Potential Upside | 1.63 |
Dreyfus International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dreyfus International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dreyfus International's standard deviation. In reality, there are many statistical measures that can use Dreyfus International historical prices to predict the future Dreyfus International's volatility.| Risk Adjusted Performance | 0.083 | |||
| Jensen Alpha | 0.0729 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.8553 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dreyfus International'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.
Dreyfus International Backtested Returns
At this stage we consider Dreyfus Mutual Fund to be very steady. Dreyfus International secures Sharpe Ratio (or Efficiency) of 0.0705, which denotes the fund had a 0.0705% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Dreyfus International Equity, which you can use to evaluate the volatility of the entity. Please confirm Dreyfus International's Downside Deviation of 0.9956, semi deviation of 0.8554, and Mean Deviation of 0.707 to check if the risk estimate we provide is consistent with the expected return of 0.0644%. The fund shows a Beta (market volatility) of 0.0956, which means not very significant fluctuations relative to the market. As returns on the market increase, Dreyfus International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dreyfus International is expected to be smaller as well.
Auto-correlation | 0.66 |
Good predictability
Dreyfus International Equity has good predictability. Overlapping area represents the amount of predictability between Dreyfus International time series from 5th of August 2024 to 4th of September 2024 and 4th of September 2024 to 4th of October 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 Dreyfus International price movement. The serial correlation of 0.66 indicates that around 66.0% of current Dreyfus International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Dreyfus International lagged returns against current returns
Autocorrelation, which is Dreyfus International 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 International's mutual fund expected returns. We can calculate the autocorrelation of Dreyfus International returns to help us make a trade decision. For example, suppose you find that Dreyfus International 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 International 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 International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dreyfus International 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 International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dreyfus International Lagged Returns
When evaluating Dreyfus International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dreyfus International mutual fund have on its future price. Dreyfus International 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 International autocorrelation shows the relationship between Dreyfus International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dreyfus International Equity.
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 International 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 International security.
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