We consider BNY Mellon not very risky. BNY Mellon Euroland secures Sharpe Ratio (or Efficiency) of 0.0904 which signifies that the fund had 0.0904% of return per unit of volatility over the last 2 months. 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 Euroland Bond C EUR which you can use to evaluate future volatility of the entity. Please confirm BNY Mellon Euroland to double-check if risk estimate we provide are consistent with the epected return of 0.025%.
|Horizon||30 Days Login to change|
BNY Mellon Euroland Technical Analysis
BNY Mellon Projected Return Density Against MarketAssuming 30 trading days horizon, BNY Mellon has beta of 0.0 . This indicates the returns on DOW and BNY Mellon do not appear to be sensitive. Furthermore, It does not look like the company alpha can have any bearing on the equity current valuation.
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of BNY Mellon is 1106.48. The daily returns are destributed with a variance of 0.08 and standard deviation of 0.28. The mean deviation of BNY Mellon Euroland Bond C EUR is currently at 0.17. For similar time horizon, the selected benchmark (DOW) has volatility of 1.79
|Alpha over DOW||=||0.00|
|Beta against DOW||=||0.00|
BNY Mellon Return Volatilitythe fund accepts 0.2767% volatility on return distribution over the 30 days horizon. the entity inherits 1.8781% risk (volatility on return distribution) over the 30 days horizon.
DOW has a standard deviation of returns of 1.88 and is 6.71 times more volatile than BNY Mellon Euroland Bond C EUR. 2% 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 Euroland Bond C EUR is lower than 2 (%) of all global equities and portfolios over the last 30 days.