DREYFUS AMT-FREE Variance
| DMUAX Fund | | | USD 13.36 -0.03 -0.22% |
DREYFUS AMT-FREE variance lookup summarizes this and related technical indicators for Dreyfus Amt Free Municipal. Coverage varies by data normalization and availability; see
Equity Screeners for broader screening context. Use
Investing Opportunities to better understand diversified portfolio construction. Such insight adds context to allocation decisions within a diversified portfolio. This includes a position in Dreyfus Amt Free Municipal within the portfolio mix. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Dreyfus Amt Free Municipal has current Variance of 0.0179. 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 |
| = | 0.0179 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
DREYFUS AMT-FREE Variance Peers Comparison
DREYFUS Variance Relative To Other Indicators
Dreyfus Amt Free Municipal is rated
below average in variance among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
54.16 of Maximum Drawdown per Variance. At
54.16 , Dreyfus Amt Free Municipal'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.
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