|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|
|1.20||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
|Alpha over DOW||=||0.08|
|Beta against DOW||=||0.04|