BNY Mellon Backtesting

DHGAX -- USA Fund  

USD 21.95  0.01  0.0456%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of BNY Mellon Global Fixed Income and determine expected loss or profit from investing in BNY Mellon over given investment horizon. Additionally see BNY Mellon Hype Analysis, BNY Mellon Correlation, Portfolio Optimization, BNY Mellon Volatility as well as analyze BNY Mellon Alpha and Beta and BNY Mellon Performance.
Horizon     30 Days    Login   to change
SymbolX
Backtest

BNY Mellon 'What if' Analysis

August 22, 2019
0.00
No Change 0.00  0.0 
In 2 months and 31 days
November 20, 2019
0.00
If you would invest  0.00  in BNY Mellon on August 22, 2019 and sell it all today you would earn a total of 0.00 from holding BNY Mellon Global Fixed Income or generate 0.0% return on investment in BNY Mellon over 90 days. BNY Mellon is related to or competes with AB Global, AB Global, Janus Henderson, American Century, American Century, American Century, and T Rowe. The investment seeks to maximize total return while realizing a market level of income consistent with preserving princi...

BNY Mellon Upside/Downside Indicators

Information Ratio(0.61)
Maximum Drawdown0.7743
Value At Risk(0.45)
Potential Upside0.2279

BNY Mellon Market Premium Indicators

Risk Adjusted Performance(0.06)
Jensen Alpha(0.009169)
Total Risk Alpha(0.040221)
Treynor Ratio0.2068

BNY Mellon Global Backtested Returns

Macroaxis considers BNY Mellon to be very steady. BNY Mellon Global secures Sharpe Ratio (or Efficiency) of -0.0429 which signifies that the fund had -0.0429% of return per unit of volatility over the last 3 months. Macroaxis approach towards foreseeing risk of any fund is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. BNY Mellon Global Fixed Income exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm BNY Mellon Global Mean Deviation of 0.1352 and Risk Adjusted Performance of (0.06) to double-check risk estimate we provide. The organization shows Beta (market volatility) of -0.0809 which signifies that as returns on market increase, returns on owning BNY Mellon are expected to decrease at a much smaller rate. During bear market, BNY Mellon is likely to outperform the market. Even though it is essential to pay attention to BNY Mellon Global historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis approach towards foreseeing future performance of any fund is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. BNY Mellon Global Fixed Income exposes twenty-one different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.11 
correlation synergy

Insignificant predictability

BNY Mellon Global Fixed Income has insignificant predictability. Overlapping area represents the amount of predictability between BNY Mellon time series from August 22, 2019 to October 6, 2019 and October 6, 2019 to November 20, 2019. 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 Global price movement. The serial correlation of 0.11 indicates that less than 11.0% of current BNY Mellon price fluctuation can be explain by its past prices.
Correlation Coefficient0.11
Spearman Rank Test0.16
Residual Average0.0
Price Variance0.0

BNY Mellon Global lagged returns against current returns

 Current and Lagged Values 
      Timeline 

BNY Mellon regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

BNY Mellon Lagged Returns

 Regressed Prices 
      Timeline 

Did you try this?

Run Cryptocurrency Correlation Now

   

Cryptocurrency Correlation

Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins and exchanges
All  Next Launch Module

BNY Mellon Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for BNY Mellon and AB Global Bond. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
Additionally see BNY Mellon Hype Analysis, BNY Mellon Correlation, Portfolio Optimization, BNY Mellon Volatility as well as analyze BNY Mellon Alpha and Beta and BNY Mellon Performance. Please also try Fund Screener module to find activelly-traded funds from around the world traded on over 30 global exchanges.
Search macroaxis.com