Bank of New York Risk Analysis And Volatility

BK -- USA Stock  

Earnings Call : Tomorrow

We consider Bank of New York not too volatile. Bank of New York secures Sharpe Ratio (or Efficiency) of 0.0101 which signifies that the organization had 0.0101% of return per unit of risk over the last 3 months. Our philosophy towards foreseeing volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Bank Of New York Mellon Corpora which you can use to evaluate future volatility of the firm. Please confirm Bank of New York Risk Adjusted Performance of 0.0249, Downside Deviation of 1.89 and Mean Deviation of 1.26 to double-check if risk estimate we provide are consistent with the epected return of 0.017%.

90 Days Market Risk

Not too volatile

Chance of Distress in 24 months

Close to average

90 Days Economic Sensitivity

Almost mirrors market
Horizon     30 Days    Login   to change

Bank of New York Market Sensitivity

Bank of New York returns are very sensitive to returns on the market. As market goes up or down, Bank of New York is expected to follow.
3 Months Beta |Analyze Bank of New York Demand Trend
Check current 30 days Bank of New York correlation with market (DOW)
β = 1.0744

Bank of New York Central Daily Price Deviation

Bank of New York Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Bank of New York Typical Price indicator is an average of each day price and can be used instead of closing price when creating different Bank of New York moving average lines. View also all equity analysis or get more info about typical price price transform indicator.

Bank of New York Projected Return Density Against Market

Allowing for the 30-days total investment horizon, the stock has beta coefficient of 1.0744 . This suggests Bank Of New York Mellon Corpora market returns are responsive to returns on the market. As the market goes up or down, Bank of New York is expected to follow. Moreover, The company has an alpha of 0.0644 implying that it can potentially generate 0.0644% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Allowing for the 30-days total investment horizon, the coefficient of variation of Bank of New York is 9948.78. The daily returns are destributed with a variance of 2.85 and standard deviation of 1.69. The mean deviation of Bank Of New York Mellon Corpora is currently at 1.27. For similar time horizon, the selected benchmark (DOW) has volatility of 0.97
α
Alpha over DOW
=0.06
β
Beta against DOW=1.07
σ
Overall volatility
=1.69
Ir
Information ratio =0.0368

Bank of New York Return Volatility

the organization accepts 1.6896% volatility on return distribution over the 30 days horizon. the entity inherits 0.9791% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Bank of New York Investment Opportunity

Bank Of New York Mellon Corpora has a volatility of 1.69 and is 1.72 times more volatile than DOW. 15  of all equities and portfolios are less risky than Bank of New York. Compared to the overall equity markets, volatility of historical daily returns of Bank Of New York Mellon Corpora is lower than 15 () of all global equities and portfolios over the last 30 days. Use Bank Of New York Mellon Corpora to enhance returns of your portfolios. The stock experiences normal upward fluctuation. Check odds of Bank of New York to be traded at $46.33 in 30 days. . Bank of New York returns are very sensitive to returns on the market. As market goes up or down, Bank of New York is expected to follow.

Bank of New York correlation with market

correlation synergy
Poor diversification
Overlapping area represents the amount of risk that can be diversified away by holding Bank Of New York Mellon Corpor and equity matching DJI index in the same portfolio.

Bank of New York Current Risk Indicators

Bank of New York Suggested Diversification Pairs

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