Bny Mellon Etf Performance
| BKGI Etf | USD 31.91 0.06 0.19% |
The etf shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and BNY Mellon are completely uncorrelated.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in BNY Mellon ETF are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. Despite fairly strong technical and fundamental indicators, BNY Mellon is not utilizing all of its potentials. The latest stock price confusion, may contribute to short-horizon losses for the traders. ...more
1 | Dominion Energy Q3 Results Revenue Miss, Earnings Beat, And Updated FY24 Guidance | 11/01/2024 |
BNY |
BNY Mellon Relative Risk vs. Return Landscape
If you would invest 3,113 in BNY Mellon ETF on August 30, 2024 and sell it today you would earn a total of 78.00 from holding BNY Mellon ETF or generate 2.51% return on investment over 90 days. BNY Mellon ETF is currently generating 0.0417% in daily expected returns and assumes 0.7045% risk (volatility on return distribution) over the 90 days horizon. In different words, 6% of etfs are less volatile than BNY, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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BNY Mellon Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for BNY Mellon's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as BNY Mellon ETF, and traders can use it to determine the average amount a BNY Mellon'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 = 0.0592
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Estimated Market Risk
| 0.7 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average BNY Mellon is performing at about 4% of its full potential. 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 BNY Mellon by adding it to a well-diversified portfolio.
About BNY Mellon Performance
By evaluating BNY Mellon's fundamental ratios, stakeholders can gain valuable insights into BNY Mellon's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if BNY Mellon has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if BNY Mellon has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
| Latest headline from finance.yahoo.com: Dominion Energy Q3 Results Revenue Miss, Earnings Beat, And Updated FY24 Guidance |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BNY Mellon ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
The market value of BNY Mellon ETF 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.