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

    F00000S937 -- Ireland Fund  

    EUR 2.08  0.06  2.80%

    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
     2.08 30 days 2.08  ABOUT 28.59%
    Based on normal probability distribution, the odds of BNY Mellon to move above current price in 30 days from now is about 28.59% (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 Japan Sm Cap Focus I EUR Hdg has beta of -0.0657 suggesting as returns on benchmark increase, returns on holding BNY Mellon are expected to decrease at a much smaller rate. During bear market, however, BNY Mellon Japan Sm Cap Focus I EUR Hdg is likely to outperform the market. Additionally BNY Mellon Japan Sm Cap Focus I EUR Hdg has an alpha of 0.0173 implying that it can potentially generate 0.0173% excess return over DOW after adjusting for the inherited market risk (beta).
     BNY Mellon Price Density 
          Price 
    α
    Alpha over DOW
    =0.017263
    β
    Beta against DOW=0.07
    σ
    Overall volatility
    =0.87
    Ir
    Information ratio =0.008783

    BNY Mellon Alerts

    BNY Mellon Alerts and Suggestions

    BNY Mellon Japan is not yet fully synchronised with the market data
    The fund retains 96.96% of its assets under management (AUM) in equities
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