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
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    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 
    Alpha over DOW
    Beta against DOW=0.03
    Overall volatility
    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.