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

    F00000S938 -- Ireland Fund  

    USD 1.69  0.10  5.59%

    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 USD 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
     1.69 30 days 1.69  ABOUT 91.9%
    Based on normal probability distribution, the odds of BNY Mellon to move above current price in 30 days from now is about 91.9% (This BNY Mellon Japan Sm Cap Focus I USD 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 1.3311 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 The company has a negative alpha implying that the risk taken by holding this equity is not justified. BNY Mellon Japan is significantly underperforming DOW.
     BNY Mellon Price Density 
    Alpha over DOW
    Beta against DOW=1.33
    Overall volatility
    Information ratio =0.36

    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

    BNY MellonPrice Density Drivers