BNY Mellon (Ireland) Probability of Target Price Finishing Over

    IE0004234583 -- Ireland Fund  

    USD 2.56  0.02  0.78%

    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.
     Time 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
     2.56 30 days 2.56  NEAR 1%
    Based on normal probability distribution, the odds of BNY Mellon to move above current price in 30 days from now is near 1% (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 0.0 . This indicates unless we do not have required data, the returns on DOW and BNY Mellon are completely uncorrelated. Additionally BNY Mellon SP 500 Idx Tracker A USDIt does not look like BNY Mellon alpha can have any bearing on the equity current valuation.
     BNY Mellon Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.00
    β
    Beta against DOW=0.00
    σ
    Overall volatility
    =0.74
    Ir
    Information ratio =0.00

    BNY Mellon Alerts

    BNY Mellon Alerts and Suggestions
    The fund retains 99.34% of its assets under management (AUM) in equities
    Please also check Risk vs Return Analysis. Please also try Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.