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

    F00000S937 -- Ireland Fund  

    EUR 2.01  0.09  4.29%

    BNY Mellon probability of target price tool provides mechanism to make assumptions about upside and downside potential of BNY Mellon Japan Sm Cap Focus I EUR Hdg performance during a given time horizon utilizing its historical volatility. Please specify BNY Mellon time horizon, a valid symbol (red box) and a target price (blue box) you would like BNY Mellon odds to be computed. Additionally see Investing Opportunities.
    Horizon     30 Days    Login   to change
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    BNY Mellon Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     2.01 30 days 2.01  ABOUT 28.25%
    Based on normal probability distribution, the odds of BNY Mellon to move above current price in 30 days from now is about 28.25% (This BNY Mellon Japan Sm Cap Focus I EUR Hdg probability density function shows the probability of BNY Mellon Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, the fund has beta coefficient of 1.7975 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, BNY Mellon will likely underperform. Additionally BNY Mellon Japan Sm Cap Focus I EUR Hdg has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
     BNY Mellon Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.64
    β
    Beta against DOW=1.80
    σ
    Overall volatility
    =0.96
    Ir
    Information ratio =0.21

    BNY Mellon Alerts

    BNY Mellon Alerts and Suggestions

    BNY Mellon Japan has very high historical volatility over the last 30 days
    The fund retains 96.96% of its assets under management (AUM) in equities
    Additionally see Investing Opportunities. Please also try Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
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