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

    F0GBR059OY -- Ireland Fund  

    EUR 2.28  0.01  0.44%

    BNY Mellon probability of target price tool provides mechanism to make assumptions about upside and downside potential of BNY Mellon Asian Equity C EUR 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
     2.28 30 days 2.28  ABOUT 76.07%
    Based on normal probability distribution, the odds of BNY Mellon to move above current price in 30 days from now is about 76.07% (This BNY Mellon Asian Equity C EUR 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 Asian Equity C EUR has beta of -0.0269 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 Asian Equity C EUR is likely to outperform the market. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. BNY Mellon Asian is significantly underperforming DOW.
     BNY Mellon Price Density 
          Price 
    α
    Alpha over DOW
    =1.66
    β
    Beta against DOW=0.03
    σ
    Overall volatility
    =0.19
    Ir
    Information ratio =0.42

    BNY Mellon Alerts

    BNY Mellon Alerts and Suggestions

    BNY Mellon Asian is not yet fully synchronised with the market data
    The fund retains 97.38% of its assets under management (AUM) in equities

    Price Density Drivers

    BNY Mellon Health Indicators

    Additionally see Investing Opportunities. Please also try Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. drill down to check world indexes.
    Search macroaxis.com