Our approach towards foreseeing volatility of a fund is to use all available market data together with fund specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for BNY Mellon Global Opportunities B USD which you can use to evaluate future volatility of the entity. Please confirm BNY Mellon Global Risk Adjusted Performance of 0.1343 and Mean Deviation of 0.0829 to double-check if risk estimate we provide are consistent with the epected return of 0.0%.
60 Days Market Risk
Chance of Distress in 24 months
60 Days Economic Sensitivity
|Horizon||30 Days Login to change|
BNY Mellon Market Sensitivity
|As returns on market increase, returns on owning BNY Mellon are expected to decrease at a much smaller rate. During bear market, BNY Mellon is likely to outperform the market. 2 Months Beta |Analyze BNY Mellon Global Demand TrendCheck current 30 days BNY Mellon correlation with market (DOW)|
β = -0.0075
BNY Mellon Central Daily Price Deviation
BNY Mellon Global Technical Analysis
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BNY Mellon Projected Return Density Against MarketAssuming 30 trading days horizon, BNY Mellon Global Opportunities B USD has beta of -0.0075 . This indicates as returns on benchmark increase, returns on holding BNY Mellon are expected to decrease at a much smaller rate. During bear market, however, BNY Mellon Global Opportunities B USD is likely to outperform the market. Moreover, The company has an alpha of 0.0274 implying that it can potentially generate 0.0274% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
|Alpha over DOW||=||0.0274|
|Beta against DOW||=||0.0075|
BNY Mellon Return Volatilitythe fund accepts 0.0% volatility on return distribution over the 30 days horizon. the entity inherits 0.8126% risk (volatility on return distribution) over the 30 days horizon.
BNY Mellon Investment Opportunity
DOW has a standard deviation of returns of 0.81 and is 9.223372036854776E16 times more volatile than BNY Mellon Global Opportunities B USD. 0% of all equities and portfolios are less risky than BNY Mellon. Compared to the overall equity markets, volatility of historical daily returns of BNY Mellon Global Opportunities B USD is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use BNY Mellon Global Opportunities B USD to protect your portfolios against small markets fluctuations. The fund experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of BNY Mellon to be traded at $3.07 in 30 days. . As returns on market increase, returns on owning BNY Mellon are expected to decrease at a much smaller rate. During bear market, BNY Mellon is likely to outperform the market.
BNY Mellon correlation with market
BNY Mellon Current Risk Indicators
|Risk Adjusted Performance||0.1343|
|Market Risk Adjusted Performance||(3.65)|
|Coefficient Of Variation||465.56|
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