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

    F00000S938 -- Ireland Fund  

    USD 1.94  0.02  1.04%

    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
    Symbol:
    Refresh Odds

    BNY Mellon Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     1.94 30 days 1.94  UNDER 95%
    Based on normal probability distribution, the odds of BNY Mellon to move above current price in 30 days from now is under 95% (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, BNY Mellon Japan Sm Cap Focus I USD Hdg has beta of -0.3195 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 USD Hdg is likely to outperform the market. Additionally BNY Mellon Japan Sm Cap Focus I USD Hdg has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
     BNY Mellon Price Density 
          Price 
    α
    Alpha over DOW
    =1.04
    β
    Beta against DOW=0.32
    σ
    Overall volatility
    =0.1
    Ir
    Information ratio =0.17

    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 Headlines Timeline module to stay connected to all market stories and filter out noise. drill down to analyze hype elasticity.
    Search macroaxis.com