Knowledge is power, especially when it comes to navigating the stock market. Bank of New (NYSE: BK) is currently capturing attention with its intriguing technical setup. Trading at a valuation market value of $77.95, it hovers close to its naive expected forecast value of $80.19, suggesting potential upside. The stock's 50-day moving average of $78.35 indicates a short-term consolidation phase, while the 200-day moving average at $67.09 highlights a longer-term upward trend. With a beta of 1.06, BK exhibits moderate volatility, aligning with its role in the diversified banks industry. The analyst consensus leans towards a buy, supported by a target price estimate of $83.51. However, investors should be mindful of the possible downside price of $79.08. The bank's solid net interest income of $4.3B and a payout ratio of 31.79% underscore its financial health, while the short interest remains relatively low at 1.32%. As always, balancing these insights with broader market conditions will be key to unlocking BK's investment potential. As many millennials shy away from the capital markets, it's worth taking a closer look at Bank of New York to understand its current market behavior. Recently, we've noted that the bank is starting to decline as institutional investors adopt a more bearish stance due to increased sector volatility. Bank of New York's performance is not closely aligned with overall market returns, indicating a lack of sensitivity between the two. Forward-looking indicators suggest potential short-term price fluctuations that could interest institutional investors. The bank is set to announce its earnings tomorrow, with the next fiscal year ending on January 10, 2025. Currently, the stock is experiencing a sell-off trend.
Using predictive
technical analysis, we can analyze different prices and returns patterns and
diagnose historical swings to determine the real value of Deutsche Croci Equity. In general, sophisticated investors focus on analyzing Deutsche Croci stock price patterns and their correlations with different microeconomic environment and drivers. They apply predictive analytics to build Deutsche Croci's daily price indicators and compare them against related drivers such as
momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional
technical analysis and
fundamental analysis, we attempt to find the most accurate representation of
Deutsche Croci's intrinsic value. In addition to deriving basic predictive indicators for Deutsche Croci, many experienced traders also check how macroeconomic factors affect Deutsche Croci price patterns. Please read more on our
technical analysis page or use our predictive modules below to complement your research.
Instrument Allocation
The asset allocation of funds such as Deutsche Croci usually varies among a different mix of asset classes. Balanced mutual funds invest not only in bonds, which focus primarily on income, and stocks, which aim for investment growth, but also keep some reserve in cash or even exotic instruments. Below we show the current asset allocation of Deutsche Croci Equity
DetailsCloser look at Bank of New York Semi Deviation
Bank of New has current Semi Deviation of 0.83. Semi-deviation provides a good measure of downside risk for a equity or a portfolio. It is similar to standard deviation, but it only looks at periods where the returns are less than the target or average level.
Semi-deviation is the square root of semi-variance.
Semi-variance is calculated by averaging the deviations of returns that have a result that is less than the mean.
Semi Deviation | = | SQRT(SV) |
| = | 0.83 |
Let's now compare Bank of New York Semi Deviation to its closest peers:
| BK | 0.8274715562629515 |
| NTRS | 1.05 |
| BEN | 1.75 |
| TROW | 1.19 |
| STT | 0.95 |
As Warren Buffett famously noted, "Price is what you pay; value is what you get." This sentiment rings true for Bank of New (NYSE: BK), where the technical indicators suggest a promising investment opportunity. The stock's 50-day moving average of 78.35 indicates a positive momentum above its 200-day moving average of 67.09, suggesting a bullish trend. With a PEG ratio of 0.70, the stock appears undervalued relative to its growth potential, offering investors a chance to capitalize on its future earnings growth. Additionally, the bank's low debt-to-equity ratio of 0.57% reflects strong financial health, making it a potentially stable choice for risk-averse investors..
Bank of New York will most likely finish below $80 in 60 days
The Bank of New York is currently showing signs of potential decline, with a downside variance of 1.02, indicating increased volatility and risk. This suggests the stock might experience larger price swings, possibly trending downward. There's a chance it could fall below $80 in the next 60 days. Investors should monitor market conditions and news that could affect the bank's performance, as these factors might influence its direction. Despite relatively low volatility, with a skewness of 0.13 and kurtosis of 1.26, understanding market trends can help investors time their decisions.
In bear markets, increased volatility can impact the stock price, prompting investors to adjust their portfolios by acquiring different assets as prices drop.As Bank of New York's stock experiences a downturn, it's essential to weigh the broader picture before making any investment decisions. With an analyst overall consensus still leaning towards a 'Buy', and an analyst target price estimated value of
83.514, there seems to be a potential for recovery. The stock's possible downside price is noted at
79.08, suggesting a relatively contained risk. However, it's crucial to remain vigilant and consider both market conditions and the bank's strategic moves in the coming months. Balancing these factors can help in making an informed decision on whether to hold, buy, or sell your position in Bank of New York..
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Raphi Shpitalnik is a Junior Member of Macroaxis Editorial Board. Raphael is a young entrepreneur who joined Macroaxis on a part-time basis at the beginning of the pandemic and eventually acquired a real taste for investing and fintech. He likes to analyze different equity instruments across a wide range of industries, focusing primarily on consumer products, sports, fintech, cannabis, and AI.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Deutsche Croci Equity. Please refer to our
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