We consider BNY Mellon not very volatile. BNY Mellon Euroland
secures Sharpe Ratio (or Efficiency) of 0.0018 which signifies that BNY Mellon Euroland
had 0.0018% of return per unit of volatility over the last 1 month. Our approach towards foreseeing volatility of a fund is to use all available market data together with company specific technical indicators
that cannot be diversified away. We have found twenty-one technical indicators
for BNY Mellon Euroland Bond C EUR which you can use to evaluate future volatility of the entity. Please confirm BNY Mellon Euroland to double-check if risk estimate we provide are consistent with the epected return of 7.0E-4%. The organization shows Beta (market volatility) of 0.0 which signifies that the returns on MARKET and BNY Mellon are completely uncorrelated. Although it is extremely important to respect BNY Mellon Euroland
historical returns, it is better to be realistic regarding the information on equity current trending patterns. The approach towards foreseeing future performance of any fund is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By analyzing BNY Mellon Euroland technical indicators
you can now evaluate if the expected return of 7.0E-4% will be sustainable into the future.
|15 days auto-correlation|| 0.00 |
No correlation between past and present
BNY Mellon Euroland Bond C EUR has no correlation between past and present. Overlapping area represents the amount of predictability between BNY Mellon time series from June 18, 2018 to July 3, 2018 and July 3, 2018 to July 18, 2018. 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 Euroland price movement. The serial correlation of 0.0 indicates that just 0.0% of current BNY Mellon price fluctuation can be explain by its past prices.
|Spearman Rank Test|| -0.25|
|Average Price|| 2.04|
|Lagged Average Price|| 2.04|