Bny Mellon Innovators Etf Market Value
| BKIV Etf | 37.05 0.15 0.41% |
| Symbol | BNY |
The market value of BNY Mellon Innovators is measured differently than its book value, which is the value of BNY that is recorded on the company's balance sheet. Investors also form their own opinion of BNY Mellon's value that differs from its market value or its book value, called intrinsic value, which is BNY Mellon's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because BNY Mellon's market value can be influenced by many factors that don't directly affect BNY Mellon's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between BNY Mellon's value and its price as these two are different measures arrived at by different means. Investors typically determine if BNY Mellon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BNY Mellon's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
BNY Mellon 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to BNY Mellon's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of BNY Mellon.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in BNY Mellon on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding BNY Mellon Innovators or generate 0.0% return on investment in BNY Mellon over 30 days. BNY Mellon is related to or competes with IShares Dividend, Martin Currie, VictoryShares THB, AdvisorShares Gerber, Amplify ETF, Tidal ETF, and Roundhill Ball. BNY Mellon is entity of United States. It is traded as Etf on NASDAQ exchange. More
BNY Mellon Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure BNY Mellon's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess BNY Mellon Innovators upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.44 | |||
| Information Ratio | 0.0483 | |||
| Maximum Drawdown | 5.92 | |||
| Value At Risk | (2.01) | |||
| Potential Upside | 2.17 |
BNY Mellon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BNY Mellon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BNY Mellon's standard deviation. In reality, there are many statistical measures that can use BNY Mellon historical prices to predict the future BNY Mellon's volatility.| Risk Adjusted Performance | 0.128 | |||
| Jensen Alpha | 0.053 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0403 | |||
| Treynor Ratio | 0.1786 |
BNY Mellon Innovators Backtested Returns
BNY Mellon appears to be very steady, given 3 months investment horizon. BNY Mellon Innovators secures Sharpe Ratio (or Efficiency) of 0.24, which signifies that the etf had a 0.24% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for BNY Mellon Innovators, which you can use to evaluate the volatility of the entity. Please makes use of BNY Mellon's mean deviation of 0.8634, and Risk Adjusted Performance of 0.128 to double-check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 1.04, which signifies a somewhat significant risk relative to the market. BNY Mellon returns are very sensitive to returns on the market. As the market goes up or down, BNY Mellon is expected to follow.
Auto-correlation | 0.67 |
Good predictability
BNY Mellon Innovators has good predictability. Overlapping area represents the amount of predictability between BNY Mellon time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of BNY Mellon Innovators price movement. The serial correlation of 0.67 indicates that around 67.0% of current BNY Mellon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.46 |
BNY Mellon Innovators lagged returns against current returns
Autocorrelation, which is BNY Mellon etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting BNY Mellon's etf expected returns. We can calculate the autocorrelation of BNY Mellon returns to help us make a trade decision. For example, suppose you find that BNY Mellon has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
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BNY Mellon regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If BNY Mellon etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BNY Mellon etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BNY Mellon etf over time.
Current vs Lagged Prices |
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BNY Mellon Lagged Returns
When evaluating BNY Mellon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BNY Mellon etf have on its future price. BNY Mellon autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, BNY Mellon autocorrelation shows the relationship between BNY Mellon etf current value and its past values and can show if there is a momentum factor associated with investing in BNY Mellon Innovators.
Regressed Prices |
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Thematic Opportunities
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Check out BNY Mellon Correlation, BNY Mellon Volatility and BNY Mellon Alpha and Beta module to complement your research on BNY Mellon. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
BNY Mellon technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.