Bny Mellon Municipal Fund Price on October 15, 2024
| DMB Fund | USD 11.03 0.10 0.91% |
Below is the normalized historical share price chart for Bny Mellon Municipal extending back to April 26, 2013. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Bny Mellon stands at 11.03, as last reported on the 30th of November, with the highest price reaching 11.04 and the lowest price hitting 11.00 during the day.
If you're considering investing in Bny Fund, it is important to understand the factors that can impact its price. At this point, Bny Mellon is very steady. Bny Mellon Municipal secures Sharpe Ratio (or Efficiency) of 0.0657, which signifies that the fund had a 0.0657% return per unit of risk over the last 3 months. We have found thirty technical indicators for Bny Mellon Municipal, which you can use to evaluate the volatility of the entity. Please confirm Bny Mellon's Risk Adjusted Performance of 0.0549, downside deviation of 0.508, and Mean Deviation of 0.4173 to double-check if the risk estimate we provide is consistent with the expected return of 0.0358%.
Bny Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Bny |
Sharpe Ratio = 0.0657
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Estimated Market Risk
| 0.55 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Bny Mellon is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Bny Mellon by adding it to a well-diversified portfolio.
Market Capitalization 213 M |
Bny Mellon Valuation on October 15, 2024
It is possible to determine the worth of Bny Mellon on a given historical date. On October 15, 2024 Bny was worth 10.97 at the beginning of the trading date compared to the closed value of 10.92. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Bny Mellon fund. Still, in general, we apply an absolute valuation method to find Bny Mellon's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Bny Mellon where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Bny Mellon's related companies.
| Open | High | Low | Close | Volume | |
| 11.01 | 11.01 | 10.92 | 10.92 | 43,565 | |
10/15/2024 | 10.97 | 11.00 | 10.92 | 10.92 | 71,930 |
| 10.90 | 11.00 | 10.90 | 10.99 | 34,360 |
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Bny Mellon Trading Date Momentum on October 15, 2024
| On October 16 2024 Bny Mellon Municipal was traded for 10.99 at the closing time. Highest Bny Mellon's price during the trading hours was 11.00 and the lowest price during the day was 10.90 . The net volume was 34.4 K. The overall trading history on the 16th of October 2024 contributed to the next trading period price jump. The overall trading delta to the next next day price was 0.64% . The overall trading delta to current price is 2.47% . |
Bny Mellon Municipal Fundamentals Correlations and Trends
By evaluating Bny Mellon's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Bny Mellon's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Bny financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Bny Mellon Fund history
Bny Mellon investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Bny is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Bny Mellon Municipal will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Bny Mellon stock prices may prove useful in developing a viable investing in Bny Mellon
BNY Mellon Municipal Bond Infrastructure Fund, Inc. is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc. The fund invests in the fixed income markets of the United States. It primarily invests in the tax-exempt investment grade debt obligations issued by or on behalf of states, territories and possessions of the United States and the District of Columbia and their political subdivisions, agencies and instrumentalities, or multistate agencies or authorities, and certain other specified securities. The fund invests its bonds issued by infrastructure sector including transportation, energy and utilities, social infrastructure, water and environment, and other similar public sectors which are rated as BBB- and above by SP and Fitch and Baa3 and above by Moodys with an effective duration of up to 14 years. It employs fundamental and quantitative analysis with a bottom-up security picking approach by focusing on factors such as the relative value and attractiveness of various sectors and securities to seek to exploit pricing inefficiencies in the municipal bond market, actively trading among various sectors based on their apparent values, general economic and monetary conditions, prevailing interest rates and the condition of the general money market and the municipal bond market, the size of a particular offering, the maturity of the obligation, and the rating of the issue to create its portfolio. The fund was formerly known as Dreyfus Municipal Bond Infrastructure Fund, Inc. BNY Mellon Municipal Bond Infrastructure Fund, Inc. was formed on April 25, 2013 and is domiciled in the United States.
Bny Mellon Fund Technical Analysis
Bny Mellon technical fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Bny Mellon Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Bny Mellon Municipal cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Bny Mellon November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Bny Mellon fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bny Mellon shares will generate the highest return on investment. By undertsting and applying Bny Mellon fund market strength indicators, traders can identify Bny Mellon Municipal entry and exit signals to maximize returns
Bny Mellon Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Bny Mellon's price direction in advance. Along with the technical and fundamental analysis of Bny Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Bny to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0549 | |||
| Jensen Alpha | 0.0326 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.19) | |||
| Treynor Ratio | (5.30) |
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Other Information on Investing in Bny Fund
Bny Mellon financial ratios help investors to determine whether Bny 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 Bny with respect to the benefits of owning Bny Mellon security.
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