BANK NEW YORK Performance
| 06406YAA0 | 86.86 3.30 3.66% |
The entity shows a Beta (market volatility) of 0.0172, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 06406YAA0's returns are expected to increase less than the market. However, during the bear market, the loss of holding 06406YAA0 is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days BANK NEW YORK has generated negative risk-adjusted returns adding no value to investors with long positions. Despite latest weak performance, the Bond's basic indicators remain strong and the current disturbance on Wall Street may also be a sign of long term gains for BANK NEW YORK investors. ...more
| Yield To Maturity | 5.994 |
06406YAA0 |
06406YAA0 Relative Risk vs. Return Landscape
If you would invest 9,281 in BANK NEW YORK on January 20, 2024 and sell it today you would lose (595.00) from holding BANK NEW YORK or give up 6.41% of portfolio value over 90 days. BANK NEW YORK is generating negative expected returns and assumes 0.6855% volatility on return distribution over the 90 days horizon. Simply put, 6% of bonds are less volatile than 06406YAA0, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
06406YAA0 Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for 06406YAA0's investment risk. Standard deviation is the most common way to measure market volatility of bonds, such as BANK NEW YORK, and traders can use it to determine the average amount a 06406YAA0's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.155
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| Negative Returns | 06406YAA0 |
Estimated Market Risk
| 0.69 actual daily | 6 94% of assets are more volatile |
Expected Return
| -0.11 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.15 actual daily | 0 Most of other assets perform better |
Based on monthly moving average 06406YAA0 is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of 06406YAA0 by adding 06406YAA0 to a well-diversified portfolio.
About 06406YAA0 Performance
To evaluate BANK NEW YORK Bond as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when 06406YAA0 generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare 06406YAA0 Bond's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand BANK NEW YORK market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents 06406YAA0's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| BANK NEW YORK generated a negative expected return over the last 90 days |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in BANK NEW YORK. Also, note that the market value of any corporate bond could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the BANK NEW YORK information on this page should be used as a complementary analysis to other 06406YAA0's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..