|Current Price||Horizon||Target Price||Odds 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).