The Bank of New York Mellon Corporation shows Mean Deviation of 0.9389, Risk Adjusted Performance of 0.1027 and Semi Deviation of 1.46. Bank of New York technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm future prices. In plain English you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum or the prices will eventually revert. We found nineteen technical drivers for The Bank of New York Mellon Corporation which can be compared to its rivals. Please confirm Bank of New York Downside Deviation, Treynor Ratio, Expected Short fall, as well as the relationship between Variance and Potential Upside to decide if Bank of New York is priced correctly providing market reflects its regular price of 57.72 per share. Given that Bank of New York has Jensen Alpha of 0.6931, we suggest you validate The Bank of New York Mellon Corporation prevailing market performance to make sure the company can sustain itself at future point.
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Bank of New York Technical Analysis
Bank of New York Trend AnalysisUse this graph to draw trend lines for The Bank of New York Mellon Corporation. You can use it to identify possible trend reversals for Bank of New York as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Bank of New York price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Bank of New York Best Fit Change LineThe following chart estimates an ordinary least squares regression model for The Bank of New York Mellon Corporation applied against its price change over selected period. The best fit line has a slop of 0.26 % which suggests that The Bank of New York Mellon Corporation will keep on generating value for investors. It has 34 observation points and a regression sum of squares at 53.89, which is the sum of squared deviations for the predicted Bank of New York price change compared to its average price change.
The Bank of New York Mellon Corporation is rated second in mean deviation category among related companies. It is number one stock in standard deviation category among related companies creating about 1.55 of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for The Bank of New York Mellon Corporation is roughly 1.55