Bny Mellon High Etf Fundamentals
| DHF Etf | USD 2.62 0.01 0.38% |
BNY Mellon High fundamentals help investors to digest information that contributes to BNY Mellon's financial success or failures. It also enables traders to predict the movement of BNY Etf. The fundamental analysis module provides a way to measure BNY Mellon's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to BNY Mellon etf.
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BNY Mellon High ETF Beta Analysis
BNY Mellon's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current BNY Mellon Beta | 0.83 |
Most of BNY Mellon's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, BNY Mellon High is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, BNY Mellon High has a Beta of 0.83. This is much higher than that of the Financial Services family and significantly higher than that of the Asset Management category. The beta for all United States etfs is notably lower than that of the firm.
BNY Mellon High Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining BNY Mellon's current stock value. Our valuation model uses many indicators to compare BNY Mellon value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across BNY Mellon competition to find correlations between indicators driving BNY Mellon's intrinsic value. More Info.BNY Mellon High is rated # 2 ETF in price to earning as compared to similar ETFs. It is rated below average in price to book as compared to similar ETFs . The ratio of Price To Earning to Price To Book for BNY Mellon High is about 769.74 . Comparative valuation analysis is a catch-all technique that is used if you cannot value BNY Mellon by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.BNY Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses BNY Mellon's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of BNY Mellon could also be used in its relative valuation, which is a method of valuing BNY Mellon by comparing valuation metrics of similar companies.BNY Mellon is currently under evaluation in beta as compared to similar ETFs.
As returns on the market increase, BNY Mellon's returns are expected to increase less than the market. However, during the bear market, the loss of holding BNY Mellon is expected to be smaller as well.
BNY Fundamentals
| Return On Equity | -0.13 | ||||
| Return On Asset | 3.4 | ||||
| Profit Margin | (1.45) % | ||||
| Operating Margin | 85.64 % | ||||
| Current Valuation | 251.72 M | ||||
| Shares Outstanding | 72.73 M | ||||
| Shares Owned By Institutions | 29.76 % | ||||
| Number Of Shares Shorted | 85 K | ||||
| Price To Earning | 585.00 X | ||||
| Price To Book | 0.76 X | ||||
| Price To Sales | 8.00 X | ||||
| Revenue | 21.28 M | ||||
| Gross Profit | 21.28 M | ||||
| Net Income | (308.72 K) | ||||
| Cash And Equivalents | 123.21 K | ||||
| Total Debt | 96.18 M | ||||
| Debt To Equity | 0.43 % | ||||
| Current Ratio | 1.26 X | ||||
| Book Value Per Share | 3.09 X | ||||
| Cash Flow From Operations | 17 M | ||||
| Short Ratio | 0.22 X | ||||
| Earnings Per Share | 0 X | ||||
| Number Of Employees | 20 | ||||
| Beta | 0.83 | ||||
| Market Capitalization | 191.22 M | ||||
| Total Asset | 295.77 M | ||||
| Retained Earnings | (591.26 M) | ||||
| Annual Yield | 0.01 % | ||||
| Year To Date Return | 0.73 % | ||||
| One Year Return | 10.32 % | ||||
| Three Year Return | 2.04 % | ||||
| Five Year Return | 3.46 % | ||||
| Last Dividend Paid | 0.22 |
About BNY Mellon Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze BNY Mellon High's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of BNY Mellon using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of BNY Mellon High based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.BNY Mellon High Yield Strategies Fund 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 fixed income securities of below investment grade quality, including securities of companies at early stages of development and companies with a highly leveraged financial structure. The fund benchmarks the performance of its portfolio against the BofA Merrill Lynch U.S High Yield Master II Constrained Index. It was formerly known as Dreyfus High Yield Strategies Fund. BNY Mellon High Yield Strategies Fund was formed in April 29, 1998 and is domiciled in the United States.
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Check out BNY Mellon Piotroski F Score and BNY Mellon Altman Z Score analysis. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
The market value of BNY Mellon High is measured differently than its book value, which is the value of BNY that is recorded on the company's balance sheet. Investors also form their own opinion of BNY Mellon's value that differs from its market value or its book value, called intrinsic value, which is BNY Mellon's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because BNY Mellon's market value can be influenced by many factors that don't directly affect BNY Mellon's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between BNY Mellon's value and its price as these two are different measures arrived at by different means. Investors typically determine if BNY Mellon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. 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.