Bank of New York Correlations

BK
 Stock
  

USD 44.65  0.28  0.63%   

The correlation of Bank of New York is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bank of New York moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bank Of New moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
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The ability to find closely correlated positions to Bank of New York could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bank of New York when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bank of New York - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bank Of New to buy it.

Moving together with Bank of New York

0.73BENFranklin Resources Fiscal Year End 7th of November 2022 PairCorr
0.62BLKBlackrock Fiscal Year End 13th of January 2023 PairCorr
0.84CNSCohn SteersPairCorr
0.91BXBlackstonePairCorr
0.83CGCarlyle GroupPairCorr
0.84JHGJanus Henderson GroupPairCorr
0.74BKCCBlackrock Cptl InvtPairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
CNSBEN
BLKBEN
BAAAPL
BATMUS
KOPG
AAPLBEN
  
High negative correlations   
BEKECNS
PGBEKE
BEKEBEN
KOBEKE
BEKEAAPL
PGBA

Bank of New York Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Bank of New York stock performing well and Bank of New York company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Bank of New York's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
BEN 1.69  0.18  0.09  0.19  2.00  0.09 (1.71)  3.65 (3.91)  9.71 
BLK 1.66  0.23  0.12  0.20  1.81  0.12 (1.77)  4.12 (2.72)  10.52 
CNS 1.63 (0.01)  0.00  0.04  2.23  0.0018 (1.56)  3.42 (3.55)  8.83 
AAPL 1.79  0.10  0.05  0.11  2.25  0.06 (1.87)  3.42 (3.86)  8.84 
TMUS 1.12  0.21  0.12  0.29  1.41  0.13 (1.12)  2.66 (2.57)  7.57 
BEKE 4.03  0.49  0.12  0.45  3.85  0.1 (4.81)  7.93 (6.24)  26.70 
BA 2.51  0.32  0.13  0.24  2.49  0.10 (3.23)  6.45 (4.95)  16.31 
PG 1.24 (0.12)  0.00 (0.13)  0.00 (0.08)  0.00  2.29 (2.67)  9.21 
KO 0.99 (0.06)  0.00 (0.03)  0.00 (0.0488)  0.00  1.87 (1.96)  8.84 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Bank of New York without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Bank of New York Corporate Directors

Bank of New York corporate directors refer to members of a Bank of New York board of directors. The board of directors generally takes responsibility for the Bank of New York's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Bank of New York's board members must vote for the resolution. The Bank of New York board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Catherine Rein - Independent DirectorProfile
Samuel Scott - Independent DirectorProfile
Mark Nordenberg - Independent DirectorProfile
Edward Garden - Independent DirectorProfile

Invested in Bank Of New?

You need to understand the risk of investing before taking a position in Bank of New York. The danger of trading Bank Of New is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Bank of New York is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Bank of New York. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Bank of New York is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Continue to Trending Equities. Note that the Bank of New York information on this page should be used as a complementary analysis to other Bank of New York's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

Complementary Tools for Bank of New York Stock analysis

When running Bank of New York price analysis, check to measure Bank of New York's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bank of New York is operating at the current time. Most of Bank of New York's value examination focuses on studying past and present price action to predict the probability of Bank of New York's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Bank of New York's price. Additionally, you may evaluate how the addition of Bank of New York to your portfolios can decrease your overall portfolio volatility.
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Is Bank of New York's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bank of New York. If investors know Bank of New York will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bank of New York listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.089
Market Capitalization
35.8 B
Quarterly Revenue Growth YOY
0.04
Return On Assets
0.0075
Return On Equity
0.0792
The market value of Bank of New York is measured differently than its book value, which is the value of Bank of New York that is recorded on the company's balance sheet. Investors also form their own opinion of Bank of New York's value that differs from its market value or its book value, called intrinsic value, which is Bank of New York'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 Bank of New York's market value can be influenced by many factors that don't directly affect Bank of New York'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 Bank of New York's value and its price as these two are different measures arrived at by different means. Investors typically determine Bank of New York value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bank of New York'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.