Dreyfus Natural Total Risk Alpha
| DNLAX Fund | | | USD 54.79 -0.93 -1.67% |
The Total Risk Alpha profile for Dreyfus Natural Resources is based on historical price and volume observations. The dataset is based on observed market activity where data is available.
Investing Opportunities provides a view into diversified allocation design. Such insight adds context to allocation decisions within a diversified portfolio. The allocation includes a position in Dreyfus Natural Resources. The position falls within the allocation view. 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 Natural Resources has current Total Risk Alpha of 0.415. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | 0.415 | |
| ER[a] | = | Expected return on investing in Dreyfus Natural |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Dreyfus Natural |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Total Risk Alpha Peers Comparison
Total Risk Alpha Relative To Other Indicators
Dreyfus Natural Resources ranks first in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
15.34 of Maximum Drawdown per Total Risk Alpha. At
15.34 , Dreyfus Natural Resources's Maximum Drawdown-to-Total Risk Alpha multiple reflects the spread between these metrics
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Dreyfus Natural to Peers
Other Technical Indicators