BNY Mellon (Ireland) Probability of Target Price Finishing Over

    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.
     Time 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
     0.00 30 days 0.00  ABOUT 82.52%
    Based on normal probability distribution, the odds of BNY Mellon to move above current price in 30 days from now is about 82.52% (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 0.188 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 BNY Mellon Japan Sm Cap Focus I EUR Hdg has an alpha of 0.0937 implying that it can potentially generate 0.0937% excess return over DOW after adjusting for the inherited market risk (beta).
     BNY Mellon Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.09
    β
    Beta against DOW=0.19
    σ
    Overall volatility
    =1.09
    Ir
    Information ratio =0.002941

    BNY Mellon Alerts

    BNY Mellon Alerts and Suggestions
    BNY Mellon Japan has some characteristics of a very speculative penny stock
    The fund retains 96.96% of its assets under management (AUM) in equities
    Additionally see Investing Opportunities. Please also try Financial Widgets module to easily integrated macroaxis content with over 30 different plug-and-play financial widgets.
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