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

    F00000S937 -- Ireland Fund  

    EUR 1.85  0.02  1.09%

    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
    Refresh Odds

    BNY Mellon Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     1.85 30 days 1.85  ABOUT 40.89%
    Based on normal probability distribution, the odds of BNY Mellon to move above current price in 30 days from now is about 40.89% (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, BNY Mellon has beta of 0.1267 suggesting as returns on market go up, BNY Mellon average returns are expected to increase less than the benchmark. However during bear market, the loss on holding BNY Mellon Japan Sm Cap Focus I EUR Hdg will be expected to be much smaller as well. Additionally The company has an alpha of 0.012 implying that it can potentially generate 0.012% excess return over DOW after adjusting for the inherited market risk (beta).
     BNY Mellon Price Density 
    Alpha over DOW
    Beta against DOW=0.13
    Overall volatility
    Information ratio =0.01

    BNY Mellon Alerts

    BNY Mellon Alerts and Suggestions

    BNY Mellon Japan is not yet fully synchronised with the market data
    BNY Mellon Japan may become a speculative penny stock
    The fund retains 96.96% of its assets under management (AUM) in equities
    Additionally see Investing Opportunities. Please also try Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .