The organization shows Beta (market volatility) of 0.0157 which signifies that as returns on market increase, BNY Mellon returns are expected to increase less than the market. However during bear market, the loss on holding BNY Mellon will be expected to be smaller as well. Although it is extremely important to respect BNY Mellon Global 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 Global technical indicators you can now evaluate if the expected return of 0.0239% will be sustainable into the future.
|Horizon||30 Days Login to change|
BNY Mellon Global Relative Risk vs. Return LandscapeIf you would invest 108.87 in BNY Mellon Global Credit X CAD Hdg Acc on January 23, 2019 and sell it today you would earn a total of 0.13 from holding BNY Mellon Global Credit X CAD Hdg Acc or generate 0.12% return on investment over 30 days. BNY Mellon Global Credit X CAD Hdg Acc is generating 0.0239% of daily returns and assumes 0.0816% volatility on return distribution over the 30 days horizon. Simply put, 0% of equities are less volatile than BNY Mellon and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
BNY Mellon Current Valuation
BNY Mellon is Unknown risk asset. BNY Mellon Global prevailing Real Value cannot be determined due to lack of data. The current price of BNY Mellon Global is C$1.09. Based on Macroaxis valuation methodology, the entity cannot be evaluated at this time. Macroaxis commonly approximates value of BNY Mellon Global from analyzing the entity technical indicators and Probability Of Bankruptcy. In general, we favor to go long with undervalued instruments and to trade away overvalued instruments since at some point future time assets prices and their ongoing real values will blend.
BNY Mellon Market Risk Analysis
Sharpe Ratio = 0.293
Risk-Adjusted Fund PerformanceCompared to the overall equity markets, risk-adjusted returns on investments in BNY Mellon Global Credit X CAD Hdg Acc are ranked lower than 19 (%) of all funds and portfolios of funds over the last 30 days.
|Fifty Two Week Low||1.0870|
|Fifty Two Week High||1.0887|