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

    IE0004091025 -- Ireland Fund  

    USD 3.10  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 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
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    BNY Mellon Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     3.10 30 days 3.10  ROUGHLY 2.05%
    Based on normal probability distribution, the odds of BNY Mellon to move above current price in 30 days from now is roughly 2.05% (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 -0.0075 . 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 The company has an alpha of 0.0274 implying that it can potentially generate 0.0274% excess return over DOW after adjusting for the inherited market risk (beta).
     BNY Mellon Price Density 
          Price 
    α
    Alpha over DOW
    =0.027422
    β
    Beta against DOW=0.0075
    σ
    Overall volatility
    =1.22
    Ir
    Information ratio =0.16

    BNY Mellon Alerts and Suggestions

    BNY Mellon Global is not yet fully synchronised with the market data
    The fund generated five year return of -3.0%
    BNY Mellon Global retains about 8.69% of its assets under management (AUM) in cash

    BNY MellonPrice Density Drivers

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