Bny Mellon Alcentra Market Value
| DCFDelisted Fund | USD 9.24 0.00 0.00% |
| 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 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.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Bny Mellon on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Bny Mellon Alcentra or generate 0.0% return on investment in Bny Mellon over 30 days. Bny Mellon is related to or competes with MFS Investment, MFS High, MFS High, Gabelli Multimedia, Gabelli Equity, Invesco Municipal, and Virtus AllianzGI. 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 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 Alcentra upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2996 | |||
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 1.31 | |||
| Value At Risk | (0.33) | |||
| Potential Upside | 0.4415 |
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 | 0.1278 | |||
| Jensen Alpha | 0.0347 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.27) | |||
| Treynor Ratio | 0.8606 |
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 Alcentra Backtested Returns
At this point, Bny Mellon is very steady. Bny Mellon Alcentra secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the fund had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Bny Mellon Alcentra, which you can use to evaluate the volatility of the entity. Please confirm Bny Mellon's Mean Deviation of 0.2011, downside deviation of 0.2996, and Risk Adjusted Performance of 0.1278 to double-check if the risk estimate we provide is consistent with the expected return of 0.0417%. The fund shows a Beta (market volatility) of 0.0469, which signifies not very significant fluctuations relative to the market. 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 | 0.82 |
Very good predictability
Bny Mellon Alcentra has very good predictability. Overlapping area represents the amount of predictability between Bny Mellon time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Alcentra price movement. The serial correlation of 0.82 indicates that around 82.0% of current Bny Mellon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Bny Mellon Alcentra lagged returns against current returns
Autocorrelation, which is Bny Mellon 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 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 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 fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bny Mellon 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 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 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 fund current value and its past values and can show if there is a momentum factor associated with investing in Bny Mellon Alcentra.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Bny Mellon Correlation, Bny Mellon Volatility and Bny Mellon Alpha and Beta module to complement your research on Bny Mellon. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Other Consideration for investing in Bny Fund
If you are still planning to invest in Bny Mellon Alcentra check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Bny Mellon's history and understand the potential risks before investing.
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