BNY DYN (Ireland) Risk Analysis And Volatility Evaluation

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 DYN TO USD X AC which you can use to evaluate future volatility of the entity. Please confirm BNY DYN TO Risk Adjusted Performance of 0.031861 and Mean Deviation of 1.51 to double-check if risk estimate we provide are consistent with the epected return of 0.0%.
 Time Horizon     30 Days    Login   to change

BNY DYN Market Sensitivity

BNY DYN returns are very sensitive to returns on the market. As market goes up or down, BNY DYN is expected to follow.
One Month Beta |Analyze BNY DYN TO Demand Trend
Check current 30 days BNY DYN correlation with market (DOW)
β = 0.9789
BNY DYN llmost one BetaBNY DYN TO Beta Legend

BNY DYN TO Technical Analysis

Transformation
We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.

Projected Return Density Against Market

Assuming 30 trading days horizon, BNY DYN has beta of 0.9789 . This suggests BNY DYN TO USD X AC market returns are very sensitive to returns on the market. As the market benchmark goes up or down, BNY DYN is expected to follow. Additionally, BNY DYN TO USD X AC has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Predicted Return Density 
      Returns 
α
Alpha over DOW
=0.24
β
Beta against DOW=0.98
σ
Overall volatility
=0.00
Ir
Information ratio =0.11

Actual Return Volatility

BNY DYN TO USD X AC accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 0.5525% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

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Investment Outlook

BNY DYN Investment Opportunity
DOW has a standard deviation of returns of 0.55 and is 9.223372036854776E16 times more volatile than BNY DYN TO USD X AC. 0% of all equities and portfolios are less risky than BNY DYN. Compared to the overall equity markets, volatility of historical daily returns of BNY DYN TO USD X AC is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use BNY DYN TO USD X AC to protect against small markets fluctuations. The fund experiences very speculative upward sentiment.. Check odds of BNY DYN to be traded at $0.0 in 30 days. BNY DYN returns are very sensitive to returns on the market. As market goes up or down, BNY DYN is expected to follow.

BNY DYN correlation with market

Modest diversification
Overlapping area represents the amount of risk that can be diversified away by holding BNY DYN TO USD X AC and equity matching DJI index in the same portfolio.
Check also Trending Equities. Please also try Price Transformation module to use price transformation models to analyze depth of different equity instruments across global markets.