Dreyfus High Variance
| DHYAX Fund | | | USD 10.56 0.01 0.09% |
This module presents the Variance indicator for Dreyfus High Yield using available market inputs. The
Equity Screeners framework provides wider technical analysis context.
Investing Opportunities provides context for diversified portfolio construction. The overall portfolio profile is shaped by the distribution of its holdings. Including Dreyfus High Yield in a portfolio enables allocation and risk analysis. All values are presented as reference data. Broader economic conditions can influence Dreyfus High Yield's mutual fund valuation — related indicators include
signals in nation.
Dreyfus High Yield has current Variance of 0.0557. Variance is another measure of security risk that shows the amount of dispersion of equity returns around their mean value. Variance is calculated as the average squared deviations from the mean. Evaluating a set of investment alternatives one can use variance to help determine the volatility when purchasing a specific security. Similar to Standard Deviation, the variance is a measure of how far a set of numbers is spread out around its mean.
Variance | = | SUM(RET DEV)2N |
| = | 0.0557 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
Variance Relative To Other Indicators
Dreyfus High Yield is rated
below average in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
25.34 of Maximum Drawdown per Variance. At
25.34 , Dreyfus High Yield's Maximum Drawdown-to-Variance multiple reflects the spread between these metrics
Variance is also a measure of stock volatility and can help determine the risk an investor might take on when purchasing a specific security. A relatively big variance indicates that the daily prices or returns are far from the mean and a small variance indicates that they are located around the mean.
Compare Dreyfus High to Peers
Other Technical Indicators