|Horizon||30 Days Login to change|
BNY Mellon Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds 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||=||0.011965|
|Beta against DOW||=||0.13|