Bank of New York Story

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BK -- USA Stock  

USD 36.68  0.99  2.63%

It feels like Bank of New York may not recover as fast as we have hopped for as its price went down 2.46% today. The company's current daily volatility is 1.77 percent, with a beta of 0.18 and an alpha of -0.09 over DOW. Whilst many millenniums are getting more into investing against high market volatility, it is quite pruden to examine Bank Of New based on its historical prices. We will evaluate if Bank of New York shares are reasonably priced going into November.
Published over a week ago
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Should you keep an eye on Bank of New York (NYSE:BK) management before November?
Bank Of New reports roughly 184.71 B in cash with 7.74 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 208.51, which can makes it an attractive takeover target, given it will continue generating positive cash flow. The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Bank of New York has an asset utilization ratio of 4.18 percent. This signifies that the company is making $0.0418 for each dollar of assets. An increasing asset utilization means that Bank Of New is more efficient with each dollar of assets it utilizes for everyday operations.
Investing in Bank of New York, just like investing in any other equity instrument, is characterized by a strong risk-return correlation. High risks mean high returns and low risk means lower expected returns. Risk management is the act of identifying and assessing the potential risk and developing strategies to minimize these risks and earn maximum possible profits while holding Bank of New York along with other instruments in the same portfolio. Using conventional technical analysis and fundamental analysis to select individual securities into a portfolio complements risk management and adds value to overall investors' investing strategies.

How important is Bank of New York's Liquidity

Bank of New York financial leverage refers to using borrowed capital as a funding source to finance Bank Of New ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Bank of New York financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Bank of New York's total debt and its cash.

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions. It is good to see analyst projects for Bank of New York, but it might be worth checking our own buy vs. sell analysis

Bank of New York Correlation with Peers

Investors in Bank of New York can reduce exposure to individual asset risk by holding a diversified portfolio of assets in addition to a long position in Bank Of New. Diversification will allow for the same portfolio return with reduced risk. The correlation table of Bank of New York and its peers is a two-dimensional matrix that shows the correlation coefficient between pairs of securities Bank of New York is related in some way. The cells in the table are color-coded to highlight significantly positive and negative relationships. Each cell shows the correlation between one pair of equities and can be used to run pair trading strategies or create efficient portfolios with your current brokerage. Please check volatility of Bank of New York for more details

Breaking down Bank of New York Indicators

We consider Bank of New York very steady. Bank of New York secures Sharpe Ratio (or Efficiency) of 0.0325, which signifies that the company had 0.0325% of return per unit of risk over the last month. Our standpoint towards foreseeing the volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Bank Of New, which you can use to evaluate future volatility of the firm. Please confirm Bank of New York mean deviation of 1.39, and Risk Adjusted Performance of (0.028144) to double-check if the risk estimate we provide is consistent with the expected return of 0.0575%.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Is Bank of New York showing sign of lower volatility?

Skewness just dropped to -0.27, may signify upcoming price decline. Bank Of New exhibits very low volatility with skewness of -0.27 and kurtosis of 0.86. However, we advise investors to further study Bank Of New technical indicators to make sure all market info is available and is reliable.

Our Conclusion on Bank of New York

Although other entities within the asset management industry are still a little expensive, even after the recent corrections, Bank of New York may offer a potential longer-term growth to traders. With a somewhat neutral outlook on your 30 days horizon, it may be better to hold off any trading activity and neither pick up new shares of Bank of New York nor exit your existing holdings in the Stock. It seems the expected volatility has not yet been fully factored into the current price. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Bank of New York.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Bank Of New. Please refer to our Terms of Use for any information regarding our disclosure principles.

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