|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|
|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||=||1.66|
|Beta against DOW||=||0.03|