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

    F00000TOU7 -- Ireland Fund  

    USD 1.20  0.00  0.00%

    BNY Mellon probability of target price tool provides mechanism to make assumptions about upside and downside potential of BNY Mellon US Opportunities C USD 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
     1.20 30 days 1.20  UNDER 4%
    Based on normal probability distribution, the odds of BNY Mellon to move above current price in 30 days from now is under 4% (This BNY Mellon US Opportunities C USD 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 US Opportunities C USD has beta of -0.0351 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 US Opportunities C USD is likely to outperform the market. Additionally The company has an alpha of 0.0839 implying that it can potentially generate 0.0839% excess return over DOW after adjusting for the inherited market risk (beta).
     BNY Mellon Price Density 
          Price 
    α
    Alpha over DOW
    =0.08
    β
    Beta against DOW=0.04
    σ
    Overall volatility
    =0.54
    Ir
    Information ratio =0.20

    BNY Mellon Alerts

    BNY Mellon Alerts and Suggestions

    BNY Mellon US is not yet fully synchronised with the market data
    BNY Mellon US generates negative expected return over the last 30 days
    BNY Mellon US may become a speculative penny stock
    The fund retains all of its assets under management (AUM) in equities
    Additionally see Investing Opportunities. Please also try Money Managers module to screen money managers from public funds and etfs managed around the world.
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