By analyzing existing forward-looking signals between Bank of New York and Franklin, you can compare the effects of market volatilities on both companies' prices and check if they can diversify away market risk if combined in one of your portfolios. You can also utilize pair trading strategies for matching a long position in Franklin with a short position in Bank of New York. Check out our
pair correlation module for more information.
Let's begin by analyzing the assets.
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 4.05 percent. This signifies that the company is making $0.0405 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.
Out of tens of thousands of stocks, funds, and ETFs that trade on global exchanges each represent an individual company which you can analyze using comparative analysis. To determine which one of the two entities, such as Bank or Federated is a better fit for your portfolio, analyzing a few basic fundamental indicators is a good first step.
understanding Bank of New York dividends
A dividend is the distribution of a portion of Bank of New York earnings, decided and managed by the company's board of directors and paid to a class of its shareholders. Note, announcements of dividend payouts are generally accompanied by a proportional increase or decrease in a company's stock price. Bank of New York dividend payments follow a chronological order of events, and the associated dates are important to determine the shareholders who qualify for receiving the dividend payment. Bank one year expected dividend income is about USD1.15 per share.
Dividend Payout Ratio is expected to rise to 0.48 this year, although the value of
Dividends Paid will most likely fall to about 743.8
M.
Investing in dividend-paying stocks, such as Bank of New is one of the few strategies that are good for long-term investment. Ex-dividend dates are significant because investors in Bank of New York must own a stock before its ex-dividend date to receive its next dividend.
This type of analysis is very useful when you want to generate a past dividend schedule and payout information for Bank of New York. Then that information in the form of graph and calendar can be used to fully explain how Du Pont dividends can provide a real clue to its valuation.
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. Financial leverage can amplify the potential profits to Bank of New York's owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of Bank of New York's financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the
breakdown between Bank of New York's total debt and its cash.
Correlation Between Bank and Federated Premier
In general, Stock analysis is a method for investors and traders to make individual buying and selling decisions. Stock correlation analysis is also essential because it can help investors realize that they may not be as diversified as they think. Risk management strategies are usually required to make sure all portfolios are properly aligned against their risk tolerance level. You can consider holding Bank of New York together with similar or unrelated positions with a negative correlation. For example, you can also add Federated Premier to your portfolio. If Federated Premier is not perfectly correlated to Bank of New York it will diversify some of the market risks out of the positively correlated stocks in your portfolio. However, the disadvantage of this sort of hedging is that it can potentially affect your investment returns throughout market cycles. When Bank of New York, for example, performs excellent and delivers stable returns, the negatively correlated position you locked in as a hedge may drag your returns down.
Are you currently holding both Bank of New York and Federated Premier in your portfolio? Please note if you are using this as a pair-trade strategy between Bank of New York and Federated Premier, watch out for correlation discrepancy over time. Relying on the historical price correlations and assuming that it will not change may lead to short-term losses. Please check
pair correlation details between BK and FMN for more information.
A Deeper Perspective On Bank of New York
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include product or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Revenue Breakdown
Lets now check Bank of New York revenue. Based on the latest financial disclosure, Bank Of New reported 15.96
B of revenue. This is 42.37% higher than that of the Financial Services sector and 197.78% higher than that of the
Asset Management industry. The revenue for all United States stocks is 69.16% lower than that of the stock. As for Franklin Resources we see revenue of 8.43
B, which is 57.29% higher than that of the Asset Management
| Bank of New York | 15.96 Billion |
| Sector | 5.36 Billion |
| Franklin | 8.43 Billion |
Bank of New York is likely to close below $62 next week
Recent skewness indicator falls down to -0.18. Possible price growth?
As of the 18th of January 2022, Bank of New York shows the Mean Deviation of 1.06,
risk adjusted performance of 0.1339, and Downside Deviation of 1.46. Bank of New York
technical analysis gives you the methodology to make use of
historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of
historical prices and volume momentum, or the prices will eventually revert. We were able to collect data for nineteen
technical drivers for Bank Of New, which can be compared to its rivals. Please confirm
Bank of New York maximum drawdown, and the
relationship between the
information ratio and
downside variance to decide if Bank of New York is priced correctly, providing market reflects its regular price of 63.6 per share. Given that Bank of New York has
jensen alpha of 0.1513, we suggest you to validate Bank Of New's prevailing market performance to make sure the company can sustain itself at a future point.
Our Conclusion on Bank of New York
Although other entities under the asset management industry are still a bit expensive, Bank of New York may offer a potential longer-term growth to traders. To summarize, as of the 18th of January 2022, our analysis shows that Bank of New York almost mirrors the market. The firm is
undervalued and projects
below average chance of financial distress for the next 2 years. Our ongoing 90 days 'Buy-vs-Sell' recommendation on the firm is
Strong Buy.
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Ellen Johnson is a Member of Macroaxis Editorial Board. Ellen covers public companies in North America, focusing primarily on valuation and volatility. Six years of experience in predictive investment analytics and risk management.
View Profile 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 Ellen Johnson do not own shares of Bank of New. Please refer to our
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