BNY Mellon (Germany) Market Value
| FH7W Fund | EUR 1.67 0.01 0.60% |
| Symbol | BNY |
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.
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.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in BNY Mellon on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding BNY Mellon Global or generate 0.0% return on investment in BNY Mellon over 30 days. BNY Mellon is related to or competes with Esfera Robotics, R Co, IE00B0H4TS55, and Echiquier Entrepreneurs. 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 Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6347 | |||
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 1.23 | |||
| Value At Risk | (0.61) | |||
| Potential Upside | 0.6135 |
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 | 0.0754 | |||
| Jensen Alpha | 0.0232 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | 0.313 |
BNY Mellon Global Backtested Returns
At this point, BNY Mellon is not too volatile. BNY Mellon Global secures Sharpe Ratio (or Efficiency) of 0.0514, which signifies that the fund had a 0.0514% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for BNY Mellon Global, which you can use to evaluate the volatility of the entity. Please confirm BNY Mellon's risk adjusted performance of 0.0754, and Mean Deviation of 0.2901 to double-check if the risk estimate we provide is consistent with the expected return of 0.0208%. The fund shows a Beta (market volatility) of 0.12, 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 | 0.32 |
Below average predictability
BNY Mellon Global has below average predictability. Overlapping area represents the amount of predictability between BNY Mellon time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 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 Global price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current BNY Mellon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
BNY Mellon Global 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 Global.
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 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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