BNY DYN (Ireland) Probability of Target Price Finishing Over

    28300797 -- Ireland Fund  

    USD 0.91  0.03  3.19%

    BNY DYN probability of target price tool provides mechanism to make assumptions about upside and downside potential of BNY DYN TO USD X AC performance during a given time horizon utilizing its historical volatility. Please specify BNY DYN time horizon, a valid symbol (red box) and a target price (blue box) you would like BNY DYN odds to be computed. Check also Trending Equities.
     Time Horizon     30 Days    Login   to change
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    BNY DYN Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     0.91 30 days 0.91  ABOUT 21.11%
    Based on normal probability distribution, the odds of BNY DYN to move above current price in 30 days from now is about 21.11% (This BNY DYN TO USD X AC probability density function shows the probability of BNY DYN Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, BNY DYN TO USD X AC has beta of -0.4008 . This suggests as returns on benchmark increase, returns on holding BNY DYN are expected to decrease at a much smaller rate. During bear market, however, BNY DYN TO USD X AC is likely to outperform the market. Additionally BNY DYN TO USD X AC has an alpha of 0.0526 implying that it can potentially generate 0.0526% excess return over DOW after adjusting for the inherited market risk (beta).
     BNY DYN Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.05
    β
    Beta against DOW=0.4
    σ
    Overall volatility
    =0.48
    Ir
    Information ratio =0.04

    BNY DYN Alerts

    BNY DYN Alerts and Suggestions
    BNY DYN TO has some characteristics of a very speculative penny stock
    Check also Trending Equities. Please also try Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.