The organization shows Beta (market volatility) of 0.1348 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. . Even though it is essential to pay attention to BNY Mellon SP historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis approach towards foreseeing future performance of any fund is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. BNY Mellon SP 500 Idx Tracker A USD exposes twenty-one different technical indicators which can help you to evaluate its performance.
|Horizon||30 Days Login to change|
BNY Mellon SP Relative Risk vs. Return LandscapeIf you would invest 245.00 in BNY Mellon SP 500 Idx Tracker A USD on December 18, 2018 and sell it today you would lose (14.00) from holding BNY Mellon SP 500 Idx Tracker A USD or give up 5.71% of portfolio value over 30 days. BNY Mellon SP 500 Idx Tracker A USD is generating negative expected returns and assumes 3.2992% volatility on return distribution over the 30 days horizon. Simply put, 29% of equities are less volatile than BNY Mellon SP 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 SP prevailing Real Value cannot be determined due to lack of data. The current price of BNY Mellon SP is $2.31. Based on Macroaxis valuation methodology, the entity cannot be evaluated at this time. We determine the value of BNY Mellon SP from analyzing fund fundamentals and technical indicators as well as its 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 = -0.5774
BNY Mellon Relative Performance Indicators
Estimated Market Risk
Risk-Adjusted Fund PerformanceOver the last 30 days BNY Mellon SP 500 Idx Tracker A USD has generated negative risk-adjusted returns adding no value to fund investors.
|Fifty Two Week Low||1.9271|
|Fifty Two Week High||1.9271|
|Annual Report Expense Ratio||1.25%|