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

    F00000WXG5 -- Ireland Fund  

    CAD 1.08  0.00  0.00%

    BNY Mellon probability of target price tool provides mechanism to make assumptions about upside and downside potential of BNY Mellon Global Credit X CAD Hdg Acc 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
     1.08 30 days 1.08  ABOUT 31.54%
    Based on normal probability distribution, the odds of BNY Mellon to move above current price in 30 days from now is about 31.54% (This BNY Mellon Global Credit X CAD Hdg Acc 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 has beta of 0.0 suggesting unless we do not have required data, the returns on DOW and BNY Mellon are completely uncorrelated. Additionally BNY Mellon Global Credit X CAD Hdg AccIt does not look like BNY Mellon alpha can have any bearing on the equity current valuation.
     BNY Mellon Price Density 
          Price 
    α
    Alpha over DOW
    =0.00
    β
    Beta against DOW=0.00
    σ
    Overall volatility
    =0.46
    Ir
    Information ratio =0.00

    BNY Mellon Alerts

    BNY Mellon Alerts and Suggestions

    BNY Mellon Global is not yet fully synchronised with the market data
    BNY Mellon Global generates negative expected return over the last 30 days
    BNY Mellon Global has some characteristics of a very speculative penny stock
    Additionally see Investing Opportunities. Please also try Money Flow Index module to determine momentum by analyzing money flow index and other technical indicators.
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