BNY MEL (Ireland) Probability of Target Price Finishing Over Current Price

    1338440 -- Ireland Fund  

    USD 2.23  0.0258  1.17%

    BNY MEL probability of target price tool provides mechanism to make assumptions about upside and downside potential of BNY MEL PAN USD C performance during a given time horizon utilizing its historical volatility. Please specify BNY MEL time horizon, a valid symbol (red box) and a target price (blue box) you would like BNY MEL odds to be computed. Check also Trending Equities.
    Horizon     30 Days    Login   to change
    Symbol:
    Refresh Odds

    BNY MEL Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     2.23 30 days 2.23  NEAR 1%
    Based on normal probability distribution, the odds of BNY MEL to move above current price in 30 days from now is near 1% (This BNY MEL PAN USD C probability density function shows the probability of BNY MEL Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, BNY MEL has beta of 0.0085 . This suggests as returns on market go up, BNY MEL average returns are expected to increase less than the benchmark. However during bear market, the loss on holding BNY MEL PAN USD C will be expected to be much smaller as well. Additionally BNY MEL PAN USD C has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
     BNY MEL Price Density 
          Price 
    α
    Alpha over DOW
    =0.04
    β
    Beta against DOW=0.0085
    σ
    Overall volatility
    =0.71
    Ir
    Information ratio =0.010353

    BNY MEL Alerts

    BNY MEL Alerts and Suggestions

    BNY MEL PAN is not yet fully synchronised with the market data

    Price Density Drivers

    BNY MEL Health Indicators

    Check also Trending Equities. Please also try Fundamental Analysis module to view fundamental data based on most recent published financial statements.
    Search macroaxis.com