BNY Mellon Competition
| BKIE Etf | USD 98.48 1.87 1.94% |
BNY Mellon vs VictoryShares Small Correlation
Almost no diversification
The correlation between BNY Mellon International and USVM is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BNY Mellon International and USVM in the same portfolio, assuming nothing else is changed.
Moving together with BNY Etf
BNY Mellon Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between BNY Mellon and its competitors represents the degree of relationship between the price movements of corresponding etfs. A correlation of about +1.0 implies that the price of BNY and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of BNY Mellon International does not affect the price movement of the other competitor.
BNY Mellon Constituents Risk-Adjusted Indicators
There is a big difference between BNY Etf performing well and BNY Mellon ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze BNY Mellon's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DIVB | 0.58 | 0.08 | 0.09 | 0.18 | 0.48 | 1.42 | 3.38 | |||
| CCMG | 0.50 | 0.09 | 0.00 | (0.93) | 0.49 | 1.29 | 4.22 | |||
| FNDB | 0.55 | 0.08 | 0.10 | 0.18 | 0.40 | 1.40 | 3.09 | |||
| PSC | 0.88 | 0.02 | 0.03 | 0.10 | 0.96 | 1.92 | 4.63 | |||
| RWK | 0.81 | 0.10 | 0.12 | 0.17 | 0.64 | 2.12 | 4.37 | |||
| DLS | 0.55 | 0.11 | 0.11 | 0.26 | 0.48 | 1.21 | 3.01 | |||
| IYE | 1.05 | 0.26 | 0.16 | 0.90 | 0.96 | 2.40 | 5.02 | |||
| OUSM | 0.67 | 0.07 | 0.07 | 0.16 | 0.52 | 1.78 | 3.67 | |||
| LGLV | 0.42 | 0.08 | 0.08 | 0.24 | 0.26 | 0.96 | 2.46 | |||
| USVM | 0.73 | 0.10 | 0.12 | 0.19 | 0.57 | 1.95 | 3.72 |
BNY Mellon Competitive Analysis
The better you understand BNY Mellon competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, BNY Mellon's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across BNY Mellon's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
BNY Mellon Competition Performance Charts
Five steps to successful analysis of BNY Mellon Competition
BNY Mellon's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by BNY Mellon International in relation to its competition. BNY Mellon's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of BNY Mellon in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact BNY Mellon's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to BNY Mellon International, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your BNY Mellon position
In addition to having BNY Mellon in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Consumption Thematic Idea Now
Consumption
Companies that deliver final goods such as cars or clothing for consumption by consumers. The Consumption theme has 19 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Consumption Theme or any other thematic opportunities.
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Check out BNY Mellon Correlation with its peers. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
BNY Mellon International's market price often diverges from its book value, the accounting figure shown on BNY's balance sheet. Smart investors calculate BNY Mellon's intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Since BNY Mellon's trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
It's important to distinguish between BNY Mellon's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding BNY Mellon should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. However, BNY Mellon's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.