BNY Mellon Correlations
| BKAG Etf | USD 42.25 0.14 0.33% |
The current 90-days correlation between BNY Mellon Core and BNY Mellon Large is -0.13 (i.e., Good diversification). The correlation of BNY Mellon is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
BNY Mellon Correlation With Market
Good diversification
The correlation between BNY Mellon Core and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BNY Mellon Core and DJI in the same portfolio, assuming nothing else is changed.
BNY |
Moving together with BNY Etf
| 1.0 | BND | Vanguard Total Bond | PairCorr |
| 1.0 | AGG | iShares Core Aggregate | PairCorr |
| 1.0 | BIV | Vanguard Intermediate | PairCorr |
| 1.0 | SPAB | SPDR Portfolio Aggregate | PairCorr |
| 1.0 | EAGG | iShares ESG Aggregate | PairCorr |
| 1.0 | FLCB | Franklin Templeton ETF | PairCorr |
| 1.0 | UITB | VictoryShares USAA Core | PairCorr |
| 0.99 | DFCF | Dimensional ETF Trust | PairCorr |
| 1.0 | JAGG | JPMorgan BetaBuilders | PairCorr |
| 0.99 | AGGY | WisdomTree Yield Enhanced | PairCorr |
| 0.85 | PCY | Invesco Emerging Markets | PairCorr |
| 0.91 | WIP | SPDR FTSE International | PairCorr |
| 0.9 | ISHG | iShares 1 3 | PairCorr |
| 0.96 | IGOV | iShares International | PairCorr |
| 0.7 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.73 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.92 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Moving against BNY Etf
| 0.84 | AEMB | American Century Inv | PairCorr |
| 0.71 | BTC | Grayscale Bitcoin Mini | PairCorr |
| 0.57 | ETH | Grayscale Ethereum Mini | PairCorr |
| 0.81 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.8 | EOS | Eaton Vance Enhanced | PairCorr |
| 0.79 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.78 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.75 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.72 | HPQ | HP Inc | PairCorr |
| 0.66 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.61 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.61 | WMT | Walmart Aggressive Push | PairCorr |
| 0.45 | HD | Home Depot | PairCorr |
Related Correlations Analysis
| -0.5 | -0.3 | 0.83 | 0.19 | BKLC | ||
| -0.5 | 0.13 | -0.24 | 0.57 | BKIE | ||
| -0.3 | 0.13 | -0.01 | -0.38 | BKSB | ||
| 0.83 | -0.24 | -0.01 | 0.29 | BKHY | ||
| 0.19 | 0.57 | -0.38 | 0.29 | BKEM | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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BNY Mellon Constituents Risk-Adjusted Indicators
There is a big difference between BNY Etf performing well and BNY Mellon ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze BNY Mellon's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BKLC | 0.57 | 0.01 | (0.01) | 0.14 | 0.65 | 1.11 | 3.89 | |||
| BKIE | 0.60 | (0.11) | 0.00 | (0.14) | 0.00 | 1.11 | 3.37 | |||
| BKSB | 0.17 | (0.01) | (0.67) | (0.24) | 0.18 | 0.36 | 0.81 | |||
| BKHY | 0.16 | 0.01 | (0.48) | 0.18 | 0.00 | 0.37 | 0.88 | |||
| BKEM | 0.79 | (0.04) | (0.12) | 0.00 | 1.04 | 2.01 | 5.95 |