BNY Mellon Correlations
| BKLC Etf | USD 108.12 0.06 0.06% |
The current 90-days correlation between BNY Mellon Large and BNY Mellon Core is 0.17 (i.e., Average 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 Large and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BNY Mellon Large and DJI in the same portfolio, assuming nothing else is changed.
BNY |
Moving together with BNY Etf
| 1.0 | VTI | Vanguard Total Stock | PairCorr |
| 0.93 | SPY | SPDR SP 500 | PairCorr |
| 0.93 | IVV | iShares Core SP Sell-off Trend | PairCorr |
| 0.83 | VIG | Vanguard Dividend | PairCorr |
| 0.93 | VV | Vanguard Large Cap | PairCorr |
| 0.89 | RSP | Invesco SP 500 | PairCorr |
| 0.93 | IWB | iShares Russell 1000 | PairCorr |
| 0.92 | ESGU | iShares ESG Aware | PairCorr |
| 0.92 | DFAC | Dimensional Core Equity | PairCorr |
| 1.0 | SPLG | SPDR Portfolio SP | PairCorr |
| 0.67 | USD | ProShares Ultra Semi | PairCorr |
| 0.77 | GBTC | Grayscale Bitcoin Trust | PairCorr |
| 0.94 | FNGO | MicroSectors FANG Index | PairCorr |
| 0.62 | NAIL | Direxion Daily Homeb Downward Rally | PairCorr |
| 0.94 | FNGU | MicroSectors FANG Index Symbol Change | PairCorr |
| 0.62 | GUSH | Direxion Daily SP | PairCorr |
| 0.87 | DUSL | Direxion Daily Indus | PairCorr |
| 0.75 | BA | Boeing | PairCorr |
| 0.85 | AXP | American Express Sell-off Trend | PairCorr |
| 0.82 | DIS | Walt Disney | PairCorr |
| 0.83 | HPQ | HP Inc | PairCorr |
| 0.7 | JPM | JPMorgan Chase | PairCorr |
| 0.81 | BAC | Bank of America Sell-off Trend | PairCorr |
| 0.77 | WMT | Walmart Aggressive Push | PairCorr |
| 0.61 | MSFT | Microsoft | PairCorr |
Moving against BNY Etf
Related Correlations Analysis
| 0.88 | -0.53 | -0.45 | -0.6 | BKAG | ||
| 0.88 | -0.37 | -0.3 | -0.45 | BKIE | ||
| -0.53 | -0.37 | 0.92 | 0.99 | BKMC | ||
| -0.45 | -0.3 | 0.92 | 0.89 | BBUS | ||
| -0.6 | -0.45 | 0.99 | 0.89 | BKSE | ||
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BKAG | 0.24 | 0.02 | 0.31 | 0.47 | 0.20 | 0.51 | 1.32 | |||
| BKIE | 0.66 | 0.07 | 0.17 | (0.40) | 0.80 | 1.32 | 4.54 | |||
| BKMC | 0.85 | (0.16) | 0.00 | 1.27 | 0.00 | 1.37 | 4.13 | |||
| BBUS | 0.81 | (0.04) | 0.00 | (0.12) | 0.00 | 1.27 | 4.63 | |||
| BKSE | 0.90 | (0.19) | 0.00 | 1.55 | 0.00 | 1.47 | 4.51 |