Dreyfus Technology Growth Fund Market Value
| DTGRX Fund | USD 68.53 1.03 1.48% |
| Symbol | Dreyfus |
Dreyfus Technology '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 Technology'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 Technology.
| 04/05/2025 |
| 07/04/2025 |
If you would invest 0.00 in Dreyfus Technology on April 5, 2025 and sell it all today you would earn a total of 0.00 from holding Dreyfus Technology Growth or generate 0.0% return on investment in Dreyfus Technology over 90 days. Dreyfus Technology is related to or competes with Mid-cap Growth, American Century, Lord Abbett, Boston Partners, Ab Small, Vanguard Small-cap, and Lsv Small. To pursue its goal, the fund normally invests at least 80 percent of its net assets, plus any borrowings for investment ... More
Dreyfus Technology 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 Technology'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 Technology Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.4 | |||
| Information Ratio | 0.0926 | |||
| Maximum Drawdown | 17.19 | |||
| Value At Risk | (2.63) | |||
| Potential Upside | 3.35 |
Dreyfus Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dreyfus Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dreyfus Technology's standard deviation. In reality, there are many statistical measures that can use Dreyfus Technology historical prices to predict the future Dreyfus Technology's volatility.| Risk Adjusted Performance | 0.228 | |||
| Jensen Alpha | 0.3408 | |||
| Total Risk Alpha | 0.1765 | |||
| Sortino Ratio | 0.0954 | |||
| Treynor Ratio | (3.42) |
Dreyfus Technology Growth Backtested Returns
Dreyfus Technology appears to be very steady, given 3 months investment horizon. Dreyfus Technology Growth secures Sharpe Ratio (or Efficiency) of 0.26, which denotes the fund had a 0.26 % return per unit of standard deviation over the last 3 months. By reviewing Dreyfus Technology's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please utilize Dreyfus Technology's Mean Deviation of 1.45, downside deviation of 2.4, and Semi Deviation of 2.08 to check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of -0.0967, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Dreyfus Technology are expected to decrease at a much lower rate. During the bear market, Dreyfus Technology is likely to outperform the market.
Auto-correlation | 0.94 |
Excellent predictability
Dreyfus Technology Growth has excellent predictability. Overlapping area represents the amount of predictability between Dreyfus Technology time series from 5th of April 2025 to 20th of May 2025 and 20th of May 2025 to 4th 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 Technology Growth price movement. The serial correlation of 0.94 indicates that approximately 94.0% of current Dreyfus Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.94 | |
| Spearman Rank Test | 0.91 | |
| Residual Average | 0.0 | |
| Price Variance | 5.08 |
Dreyfus Technology Growth lagged returns against current returns
Autocorrelation, which is Dreyfus Technology 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 Technology's mutual fund expected returns. We can calculate the autocorrelation of Dreyfus Technology returns to help us make a trade decision. For example, suppose you find that Dreyfus Technology 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 Technology 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 Technology mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dreyfus Technology 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 Technology mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Dreyfus Technology Lagged Returns
When evaluating Dreyfus Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dreyfus Technology mutual fund have on its future price. Dreyfus Technology 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 Technology autocorrelation shows the relationship between Dreyfus Technology mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Dreyfus Technology Growth.
Regressed Prices |
| Timeline |
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Other Information on Investing in Dreyfus Mutual Fund
Dreyfus Technology 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 Technology security.
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