Bny Mellon Income Fund Market Value
| BMIYX Fund | USD 8.74 0.06 0.69% |
| Symbol | Bny |
Bny Mellon 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Bny Mellon's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Bny Mellon.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Bny Mellon on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Bny Mellon Income or generate 0.0% return on investment in Bny Mellon over 30 days. Bny Mellon is related to or competes with Counterpoint Tactical, Oklahoma Municipal, Ab Impact, Nuveen All-american, Pace Municipal, and T Rowe. The fund normally invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in stocks More
Bny Mellon Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Bny Mellon's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Bny Mellon Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5323 | |||
| Information Ratio | 0.0165 | |||
| Maximum Drawdown | 4.03 | |||
| Value At Risk | (0.81) | |||
| Potential Upside | 1.05 |
Bny Mellon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bny Mellon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bny Mellon's standard deviation. In reality, there are many statistical measures that can use Bny Mellon historical prices to predict the future Bny Mellon's volatility.| Risk Adjusted Performance | 0.1563 | |||
| Jensen Alpha | 0.0327 | |||
| Total Risk Alpha | 0.0231 | |||
| Sortino Ratio | 0.0214 | |||
| Treynor Ratio | 0.1605 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bny Mellon's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Bny Mellon Income Backtested Returns
At this stage we consider Bny Mutual Fund to be very steady. Bny Mellon Income secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the fund had a 0.18% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Bny Mellon Income, which you can use to evaluate the volatility of the entity. Please confirm Bny Mellon's Risk Adjusted Performance of 0.1563, mean deviation of 0.5303, and Downside Deviation of 0.5323 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. The fund shows a Beta (market volatility) of 0.82, which signifies possible diversification benefits within a given portfolio. 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.
Auto-correlation | 0.76 |
Good predictability
Bny Mellon Income has good predictability. Overlapping area represents the amount of predictability between Bny Mellon time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Bny Mellon Income price movement. The serial correlation of 0.76 indicates that around 76.0% of current Bny Mellon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Bny Mellon Income lagged returns against current returns
Autocorrelation, which is Bny Mellon mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Bny Mellon's mutual fund expected returns. We can calculate the autocorrelation of Bny Mellon returns to help us make a trade decision. For example, suppose you find that Bny Mellon has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Bny Mellon regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Bny Mellon mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bny Mellon mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bny Mellon mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Bny Mellon Lagged Returns
When evaluating Bny Mellon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bny Mellon mutual fund have on its future price. Bny Mellon autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Bny Mellon autocorrelation shows the relationship between Bny Mellon mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Bny Mellon Income.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Bny Mutual Fund
Bny Mellon financial ratios help investors to determine whether Bny Mutual 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.
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets |