Bny Mellon Correlations

Summary

DCFDelisted Fund

USD 9.24 0.00 0.00%

The current 90-days correlation between Bny Mellon Alcentra and CBH is -0.1 (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 Alcentra and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bny Mellon Alcentra and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Bny Fund

0.83	MISXX	Morgan Stanley Insti	Pair Corr
0.69	BFIUX	Baron Fintech	Pair Corr
0.88	CSCO	Cisco Systems	Pair Corr
0.77	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.83	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.76	WMT	Walmart	Pair Corr
0.76	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr

Moving against Bny Fund

0.89	KF	Korea Closed	Pair Corr
0.64	BRUFX	Bruce Fund Bruce	Pair Corr
0.35	RYMJX	Commodities Strategy Steady Growth	Pair Corr
0.31	RYMEX	Commodities Strategy Steady Growth	Pair Corr
0.31	RYMBX	Commodities Strategy Steady Growth	Pair Corr
0.9	KO	Coca Cola Sell-off Trend	Pair Corr
0.86	MRK	Merck Company Sell-off Trend	Pair Corr
0.8	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.73	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.66	VZ	Verizon Communications Fiscal Year End 28th of January 2025	Pair Corr
0.57	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.53	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.41	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr

Related Correlations Analysis

	CBH	CXH	CMU	CXE	JPT	GGT-PE	GAB-PH	VKQ	NCV-PA	GAB-PG
CBH		-0.27	-0.39	-0.79	0.56	-0.78	-0.89	-0.44	-0.94	-0.9	CBH
CXH	-0.27		0.9	0.72	0.13	0.19	0.53	0.78	0.35	0.42	CXH
CMU	-0.39	0.9		0.8	0.08	0.36	0.57	0.79	0.48	0.48	CMU
CXE	-0.79	0.72	0.8		-0.3	0.69	0.86	0.75	0.82	0.81	CXE
JPT	0.56	0.13	0.08	-0.3		-0.48	-0.48	0.03	-0.57	-0.53	JPT
GGT-PE	-0.78	0.19	0.36	0.69	-0.48		0.64	0.25	0.81	0.65	GGT-PE
GAB-PH	-0.89	0.53	0.57	0.86	-0.48	0.64		0.66	0.89	0.96	GAB-PH
VKQ	-0.44	0.78	0.79	0.75	0.03	0.25	0.66		0.46	0.64	VKQ
NCV-PA	-0.94	0.35	0.48	0.82	-0.57	0.81	0.89	0.46		0.89	NCV-PA
GAB-PG	-0.9	0.42	0.48	0.81	-0.53	0.65	0.96	0.64	0.89		GAB-PG
	CBH	CXH	CMU	CXE	JPT	GGT-PE	GAB-PH	VKQ	NCV-PA	GAB-PG

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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

GAB-PG	+ 0.96	GAB-PH
CMU	+ 0.9	CXH
NCV-PA	+ 0.89	GAB-PH
GAB-PG	+ 0.89	NCV-PA
GAB-PH	+ 0.86	CXE
NCV-PA	+ 0.82	CXE

High negative correlations

NCV-PA	- 0.94	CBH
GAB-PG	- 0.9	CBH
GAB-PH	- 0.89	CBH
CXE	- 0.79	CBH
GGT-PE	- 0.78	CBH
NCV-PA	- 0.57	JPT

Risk-Adjusted Indicators

There is a big difference between Bny Fund performing well and Bny Mellon Fund 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
CBH	0.13	0.04	0.17	(0.74)	0.00	(0.18)	0.22	(0.22)	0.78
CXH	0.40	(0.03)	0.00	(1.62)	0.00	0.00	0.75	(1.00)	3.29
CMU	0.43	(0.04)	0.00	1.59	0.00	0.00	0.86	(0.85)	2.82
CXE	0.55	(0.11)	0.00	(3.82)	0.00	0.00	1.33	(1.31)	3.42
JPT	0.62	0.01	0.01	0.45	1.04	(0.57)	1.33	(1.82)	4.64
GGT-PE	0.46	(0.06)	0.00	0.36	0.00	0.00	0.96	(1.24)	4.50
GAB-PH	0.46	(0.16)	0.00	1.29	0.00	0.00	0.64	(1.11)	4.14
VKQ	0.48	(0.04)	0.00	(0.29)	0.00	0.00	1.09	(1.08)	3.32
NCV-PA	0.46	(0.12)	0.00	(2.07)	0.00	0.00	1.05	(1.35)	4.20
GAB-PG	0.67	(0.16)	0.00	(1.06)	0.00	0.00	1.21	(1.66)	3.85

View Bny Mellon Related Equities

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