BNY Mellon Fundamental Relationships

IE0004234583 -- Ireland Fund  

USD 2.45  0.04  1.66%

The Drivers Module shows relationships between BNY Mellon's most relevant fundamental drivers and provides multiple suggestions of what could possibly affect the performance of BNY Mellon SP 500 Idx Tracker A USD over time as well as its relative position and ranking within its peers. Please also check Risk vs Return Analysis.

BNY Mellon SP Price to Book vs. Equity Positions Weight Fundamental Analysis

BNY Mellon SP 500 Idx Tracker A USD is currently considered the top fund in equity positions weight among similar funds. It is currently considered the top fund in price to book among similar funds fabricating about  0.03  of Price to Book per Equity Positions Weight. The ratio of Equity Positions Weight to Price to Book for BNY Mellon SP 500 Idx Tracker A USD is roughly  39.42 
Percentage of fund asset invested in equity instruments. About 80% of global funds and ETFs carry equity instruments on their balance sheet.
BNY Mellon 
Stock Percentage 
 = 
% of Equities 
 
in the fund 
=
99.34%
Funds with most asset allocated to stocks can be subclassified into many different categories such as market capitalization or investment style.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is accounting value of assets minus liabilities.
BNY Mellon 
P/B 
 = 
MV Per Share 
BV Per Share 
=
2.52X
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.

BNY Mellon SP Price to Book Comparison

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