BNY Mellon (Ireland) Risk Analysis And Volatility

IE0004234583 -- Ireland Fund  

USD 2.62  0.02  0.76%

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 technical indicators for BNY Mellon SP 500 Idx Tracker A USD which you can use to evaluate future volatility of the entity. Please confirm BNY Mellon SP Risk Adjusted Performance of 0.1523 and Mean Deviation of 0.351 to double-check if risk estimate we provide are consistent with the epected return of 0.0%.

60 Days Market Risk

Very steady

Chance of Distress in 24 months

Very low

60 Days Economic Sensitivity

Moves indifferently to market moves
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 SP Demand Trend
Check current 30 days BNY Mellon correlation with market (DOW)
β = -0.0922

BNY Mellon Central Daily Price Deviation

BNY Mellon SP Technical Analysis

Transformation
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BNY Mellon Projected Return Density Against Market

Assuming 30 trading days horizon, BNY Mellon SP 500 Idx Tracker A USD has beta of -0.0922 . 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 SP 500 Idx Tracker A USD is likely to outperform the market. Moreover, The company has an alpha of 0.1373 implying that it can potentially generate 0.1373% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of BNY Mellon is 0.0. The daily returns are destributed with a variance of 0.0 and standard deviation of 0.0. The mean deviation of BNY Mellon SP 500 Idx Tracker A USD is currently at 0.0. For similar time horizon, the selected benchmark (DOW) has volatility of 0.65
α
Alpha over DOW
=0.14
β
Beta against DOW=0.09
σ
Overall volatility
=0.00
Ir
Information ratio =0.0159

BNY Mellon Return Volatility

the fund accepts 0.0% volatility on return distribution over the 30 days horizon. the entity inherits 0.6506% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

BNY Mellon Investment Opportunity

DOW has a standard deviation of returns of 0.65 and is 9.223372036854776E16 times more volatile than BNY Mellon SP 500 Idx Tracker A 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 SP 500 Idx Tracker A USD is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use BNY Mellon SP 500 Idx Tracker A USD to protect your portfolios against small markets fluctuations. The fund experiences moderate downward daily trend and can be a good diversifier. Check odds of BNY Mellon to be traded at $2.57 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

correlation synergy
Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding BNY Mellon SP 500 Idx Tracker and equity matching DJI index in the same portfolio.

BNY Mellon Current Risk Indicators

BNY Mellon Suggested Diversification Pairs

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