Dreyfus Midcap Index Fund Market Value
| DMIDX Fund | USD 28.47 0.18 0.63% |
| Symbol | Dreyfus |
Dreyfus Midcap '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 Midcap'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 Midcap.
| 04/23/2025 |
| 07/22/2025 |
If you would invest 0.00 in Dreyfus Midcap on April 23, 2025 and sell it all today you would earn a total of 0.00 from holding Dreyfus Midcap Index or generate 0.0% return on investment in Dreyfus Midcap over 90 days. Dreyfus Midcap is related to or competes with Dreyfus Smallcap, Bny Mellon, and Champlain Mid. To pursue its goal, the fund generally is fully invested in stocks included in the SP MidCap 400 Index and in futures wh... More
Dreyfus Midcap 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 Midcap'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 Midcap Index upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9905 | |||
| Information Ratio | 0.0664 | |||
| Maximum Drawdown | 6.22 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 2.12 |
Dreyfus Midcap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dreyfus Midcap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dreyfus Midcap's standard deviation. In reality, there are many statistical measures that can use Dreyfus Midcap historical prices to predict the future Dreyfus Midcap's volatility.| Risk Adjusted Performance | 0.1906 | |||
| Jensen Alpha | 0.0708 | |||
| Total Risk Alpha | 0.0511 | |||
| Sortino Ratio | 0.0715 | |||
| Treynor Ratio | 0.2067 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dreyfus Midcap'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 Midcap Index Backtested Returns
Dreyfus Midcap appears to be very steady, given 3 months investment horizon. Dreyfus Midcap Index secures Sharpe Ratio (or Efficiency) of 0.21, which denotes the fund had a 0.21 % return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Dreyfus Midcap Index, which you can use to evaluate the volatility of the entity. Please utilize Dreyfus Midcap's Mean Deviation of 0.7693, semi deviation of 0.7749, and Downside Deviation of 0.9905 to check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 1.0, which means a somewhat significant risk relative to the market. Dreyfus Midcap returns are very sensitive to returns on the market. As the market goes up or down, Dreyfus Midcap is expected to follow.
Auto-correlation | 0.79 |
Good predictability
Dreyfus Midcap Index has good predictability. Overlapping area represents the amount of predictability between Dreyfus Midcap time series from 23rd of April 2025 to 7th of June 2025 and 7th of June 2025 to 22nd of July 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 Midcap Index price movement. The serial correlation of 0.79 indicates that around 79.0% of current Dreyfus Midcap price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
Dreyfus Midcap Index lagged returns against current returns
Autocorrelation, which is Dreyfus Midcap 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 Midcap's mutual fund expected returns. We can calculate the autocorrelation of Dreyfus Midcap returns to help us make a trade decision. For example, suppose you find that Dreyfus Midcap 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 Midcap 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 Midcap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dreyfus Midcap 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 Midcap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dreyfus Midcap Lagged Returns
When evaluating Dreyfus Midcap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dreyfus Midcap mutual fund have on its future price. Dreyfus Midcap 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 Midcap autocorrelation shows the relationship between Dreyfus Midcap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dreyfus Midcap Index.
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 Midcap 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 Midcap security.
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