BNY Mellon probability of target price tool provides mechanism to make assumptions about upside and downside potential of BNY Mellon Global Opportunities B USD 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. Please also check Risk vs Return Analysis.
|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|
|2.85||30 days||2.85||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 Global Opportunities B 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 Global Opportunities B USD has beta of -0.1118 . This indicates 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 Global Opportunities B USD is likely to outperform the market. Additionally BNY Mellon Global Opportunities B USD has an alpha of 0.0414 implying that it can potentially generate 0.0414% excess return over DOW after adjusting for the inherited market risk (beta).
BNY Mellon Price Density
|Alpha over DOW||=||0.041406|
|Beta against DOW||=||0.11|