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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-12-14), BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's Beta is Not available.
The historical data trend for BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's Beta can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BNY Mellon Alcentra Global Creditome 2024 Target Term Fund Annual Data | ||||||||||||||||
Trend | Aug18 | Aug19 | Aug20 | Aug21 | Aug22 | Aug23 | Aug24 | |||||||||
Beta | Get a 7-Day Free Trial | - | 0.98 | 0.81 | 0.57 | -0.14 |
BNY Mellon Alcentra Global Creditome 2024 Target Term Fund Semi-Annual Data | ||||||||||||
Feb19 | Aug19 | Feb20 | Aug20 | Feb21 | Aug21 | Feb22 | Aug22 | Feb23 | Aug23 | Feb24 | Aug24 | |
Beta | Get a 7-Day Free Trial | 0.81 | 0.89 | 0.57 | 0.50 | -0.14 |
For the Asset Management subindustry, BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's Beta, along with its competitors' market caps and Beta data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Asset Management industry and Financial Services sector, BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's Beta distribution charts can be found below:
* The bar in red indicates where BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's Beta falls into.
Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. A stock's beta can be calculated by dividing the product of the covariance of the individual stock's returns and the market's returns by the variance of the market's returns over a specified period. Basically, GuruFocus uses the returns calculated over three-year period.
BNY Mellon Alcentra Global Creditome 2024 Target Term Fund (NYSE:DCF) Beta Explanation
Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. We usually compare beta to 1. A beta of 1 indicates that the security's price will move with the market. A beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more volatile than the market.
Beta is primarily used in the Capital Asset Pricing Model (CAPM) to calculate the Cost of Equity, which can be used in the calculation of WACC %. The formula of Cost of Equity is:
Cost of Equity = Risk-Free Rate of Return + Beta of Asset * (Expected Return of the Market - Risk-Free Rate of Return)
Thank you for viewing the detailed overview of BNY Mellon Alcentra Global Creditome 2024 Target Term Fund's Beta provided by GuruFocus.com. Please click on the following links to see related term pages.
Bushra Mannan | other: Director of BNYMIA (1) | C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286 |
Irene Papadoulis | other: Director of BNYMIA (1) | C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286 |
Ping Jiang | other: Dir. of Invest. Oversight (1) | C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286 |
Bradley J Skapyak | officer: President | 200 PARK AVENUE, NEW YORK NY 10166 |
Joseph Martella | officer: VP | C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10288 |
Daniel Goldstein | officer: VP | 240 GREENWICH STREET, NEW YORK NY 10286 |
Robert J. Pomeroy | officer: VP; Investment Adviser | C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286 |
Vinay Patel | other: Head of Finance of Sub-Adviser | 200 PARK AVE, NEW YORK CITY NY 10166 |
Alcentra Ny, Llc | other: Sub-Adviser | 200 PARK AVENUE, 7TH FLOOR, NEW YORK NY 10166 |
Brandon Chao | other: Portfolio Mgr of Sub-Adviser | 200 PARK AVENUE, NEW YORK CITY NY 10166 |
Laurence Raven | other: Portfolio Mgr of Sub-Adviser | 200 PARK AVENUE, NEW YORK CITY NY 10166 |
Ross Curran | other: Portfolio Mgr of Sub-Adviser | 200 PARK AVENUE, NEW YORK CITY NY 10166 |
Cathy Bevan | other: Portfolio Mgr of Sub-Adviser | 200 PARK AVENUE, NEW YORK CITY NY 10166 |
Daire Wheeler | other: Portfolio Mgr of Sub-Adviser | 200 PARK AVENUE, NEW YORK CITY NY 10166 |
Eric Larsson | other: Portfolio Mgr of Sub-Adviser | C/O ALCENTRA NY LLC, 200 PARK AVENUE, NEW YORK CITY NY 10166 |
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