BNY Mellon Etf Profile


USD 41.91  0.07  0.17%   

Market Performance
0 of 100
Odds Of Distress
Less than 46
BNY Mellon is trading at 41.91 as of the 29th of November 2022, a -0.17 percent down since the beginning of the trading day. The etf's lowest day price was 41.85. BNY Mellon has 46 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Equity ratings for BNY Mellon Core are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of October 2022 and ending today, the 29th of November 2022. Click here to learn more.
To pursue its goal, the fund normally invests substantially all, but at least 80, of its assets in bonds comprising the Bloomberg US Aggregate Total Return Index and TBA transactions representing bonds included in the index. BNY Mellon is traded on NYSEARCA Exchange in the United States.. More on BNY Mellon Core

Moving together with BNY Mellon

+1.0BNDTotal Bond MarketPairCorr
+1.0AGGUS Aggregate BondPairCorr
+0.99BIVInterm Term BondPairCorr
+1.0SPABSPDR Aggregate BondPairCorr

BNY Mellon Etf Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. BNY Mellon's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding BNY Mellon or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
BNY Mellon Core generated a negative expected return over the last 90 days
On 7th of November 2022 BNY Mellon paid $ 0.1019 per share dividend to its current shareholders
The fund holds about 5.95% of its assets under management (AUM) in fixed income securities
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of BNY Mellon's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Cautious HoldFairly Valued
IssuerBNY Mellon Investment Management
Inception Date2020-04-24
BenchmarkBloomberg U.S. Aggregate Total Return Index
Entity TypeRegulated Investment Company
Asset TypeFixed Income
CategoryBroad Debt
FocusBroad Debt
Market ConcentrationDeveloped Markets
RegionNorth America
AdministratorBNY Mellon Fund Administration
AdvisorBNY Mellon ETF Investment Adviser, LLC
CustodianThe Bank of New York Mellon Corporation
DistributorThe Bank of New York Mellon Corporation
Portfolio ManagerGregory A. Lee, Nancy G. Rogers
Transfer AgentThe Bank of New York Mellon Corporation
Fiscal Year End31-Oct
ExchangeNYSE Arca, Inc.
Number of Constituents3,088
Market MakerFlow Traders
Nav Price40.73
Two Hundred Day Average43.81
Average Daily Volume In Three Month46.99k
Fifty Two Week Low40.0
As Of Date25th of October 2022
Average Daily Volume Last 10 Day38.14k
Fifty Two Week High49.54
One Month-2.65%
Fifty Day Average41.21
Three Month-7.74%
BNY Mellon Core [BKAG] is traded in USA and was established 2020-04-22. The fund is listed under Intermediate-Term Bond category and is part of BNY Mellon family. BNY Mellon Core currently have 363.54 M in assets under management (AUM). , while the total return for the last year was -15.75%.
Check BNY Mellon Probability Of Bankruptcy

Geographic Allocation (%)

BNY Mellon Target Price Odds Analysis

What are BNY Mellon's target price odds to finish over the current price? Based on a normal probability distribution, the odds of BNY Mellon jumping above the current price in 90 days from now is about 31.66%. The BNY Mellon Core probability density function shows the probability of BNY Mellon etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days BNY Mellon has a beta of 0.1969 suggesting as returns on the market go up, BNY Mellon average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding BNY Mellon Core will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. BNY Mellon Core is significantly underperforming DOW.
  Odds Below 41.91HorizonTargetOdds Above 41.91
67.89%90 days
Based on a normal probability distribution, the odds of BNY Mellon to move above the current price in 90 days from now is about 31.66 (This BNY Mellon Core probability density function shows the probability of BNY Mellon Etf to fall within a particular range of prices over 90 days) .

BNY Mellon Major Institutional Holders

Institutional Holdings refers to the ownership stake in BNY Mellon that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of BNY Mellon's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing BNY Mellon's value.
InstituionSecurity TypeTotal SharesValue
Zhang Financial LlcFund Units187.6 K7.8 M
View BNY Mellon Diagnostics

BNY Mellon Core Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. BNY Mellon market risk premium is the additional return an investor will receive from holding BNY Mellon long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in BNY Mellon. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although BNY Mellon's alpha and beta are two of the key measurements used to evaluate BNY Mellon's performance over the market, the standard measures of volatility play an important role as well.

BNY Mellon Against Markets

Picking the right benchmark for BNY Mellon etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in BNY Mellon etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for BNY Mellon is critical whether you are bullish or bearish towards BNY Mellon Core at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in BNY Mellon without increasing your portfolio risk or giving up the 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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Invested in BNY Mellon Core?

The danger of trading BNY Mellon Core is mainly related to its market volatility and ETF 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 BNY Mellon 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 BNY Mellon. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile BNY Mellon Core 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 BNY Mellon Core information on this page should be used as a complementary analysis to other BNY Mellon'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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

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The market value of BNY Mellon Core is measured differently than its book value, which is the value of BNY Mellon 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 BNY Mellon value 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.