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 
          Price 
    α
    Alpha over DOW
    =2.03
    β
    Beta against DOW=1.33
    σ
    Overall volatility
    =0.19
    Ir
    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

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