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

    IE0004234583 -- Ireland Fund  

    USD 2.45  0.00  0.00%

    BNY Mellon probability of target price tool provides mechanism to make assumptions about upside and downside potential of BNY Mellon SP 500 Idx Tracker A 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
     2.45 30 days 2.45  ABOUT 17.01%
    Based on normal probability distribution, the odds of BNY Mellon to move above current price in 30 days from now is about 17.01% (This BNY Mellon SP 500 Idx Tracker A 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 has beta of 0.1388 . This indicates as returns on market go up, BNY Mellon average returns are expected to increase less than the benchmark. However during bear market, the loss on holding BNY Mellon SP 500 Idx Tracker A USD will be expected to be much smaller as well. Additionally BNY Mellon SP 500 Idx Tracker A USD has an alpha of 0.1737 implying that it can potentially generate 0.1737% excess return over DOW after adjusting for the inherited market risk (beta).
     BNY Mellon Price Density 
          Price 
    α
    Alpha over DOW
    =0.17
    β
    Beta against DOW=0.14
    σ
    Overall volatility
    =1.23
    Ir
    Information ratio =0.15

    BNY Mellon Alerts

    BNY Mellon Alerts and Suggestions

    BNY Mellon SP is not yet fully synchronised with the market data
    BNY Mellon SP generates negative expected return over the last 30 days
    The fund retains 99.34% of its assets under management (AUM) in equities

    Price Density Drivers

    BNY Mellon Health Indicators

    Please also check Risk vs Return Analysis. Please also try Coins and Tokens Correlation module to utilize digital token correlation table to build portfolio of cryptocurrencies across multiple exchanges.
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