BNY Mellon is abnormally risky given 2 months investment horizon. BNY Mellon Lg secures Sharpe Ratio (or Efficiency) of 0.3065 which signifies that the fund had 0.3065% of return per unit of volatility over the last 2 months. Our approach towards foreseeing volatility of a fund is to use BNY Mellon Lg market data together with company specific technical indicators. We found twenty-one different technical indicators which can help you to evaluate if expected returns of 98.0557% are justified by taking the suggested risk. Use BNY Mellon Risk Adjusted Performance of
(0.21) and Mean Deviation of 0.0957 to evaluate company specific risk that cannot be diversified away.
|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 Lg Demand TrendCheck current 30 days BNY Mellon correlation with market (DOW)|
β = -0.0229
BNY Mellon Central Daily Price Deviation
BNY Mellon Lg Technical Analysis
BNY Mellon Projected Return Density Against MarketAssuming 30 trading days horizon, BNY Mellon Lg Trm Global Eq A GBP Acc has beta of -0.0229 . 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 Lg Trm Global Eq A GBP Acc is likely to outperform the market. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. BNY Mellon Lg is significantly underperforming DOW.
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of BNY Mellon is 326.3. The daily returns are destributed with a variance of 102371.59 and standard deviation of 319.96. The mean deviation of BNY Mellon Lg Trm Global Eq A GBP Acc is currently at 196.07. For similar time horizon, the selected benchmark (DOW) has volatility of 0.68
|Alpha over DOW||=||0.06|
|Beta against DOW||=||0.02|
BNY Mellon Return Volatilitythe fund accepts 319.9556% volatility on return distribution over the 30 days horizon. the entity inherits 0.6894% risk (volatility on return distribution) over the 30 days horizon.
BNY Mellon Lg Trm Global Eq A GBP Acc has a volatility of 319.96 and is 463.71 times more volatile than DOW. 96% 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 Lg Trm Global Eq A GBP Acc is higher than 96 (%) of all global equities and portfolios over the last 30 days. Use BNY Mellon Lg Trm Global Eq A GBP Acc to protect your portfolios against small markets fluctuations. The fund experiences normal downward trend and little activity. Check odds of BNY Mellon to be traded at p;2.47 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