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

    IE00B42QQV61 -- Ireland Fund  

    GBp 241.00  2.00  0.84%

    BNY Mellon probability of target price tool provides mechanism to make assumptions about upside and downside potential of BNY Mellon Lg Trm Global Eq A GBP Acc 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
     241.00 30 days 241.00  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 Lg Trm Global Eq A GBP Acc 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 Lg Trm Global Eq A GBP Acc has beta of -0.1444 . 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 Lg Trm Global Eq A GBP Acc is likely to outperform the market. Additionally BNY Mellon Lg Trm Global Eq A GBP Acc has an alpha of 0.127 implying that it can potentially generate 0.127% excess return over DOW after adjusting for the inherited market risk (beta).
     BNY Mellon Price Density 
          Price 
    α
    Alpha over DOW
    =0.13
    β
    Beta against DOW=0.14
    σ
    Overall volatility
    =80.86
    Ir
    Information ratio =0.38

    BNY Mellon Alerts

    BNY Mellon Alerts and Suggestions

    BNY Mellon Lg is not yet fully synchronised with the market data
    BNY Mellon Lg generates negative expected return over the last 30 days
    BNY Mellon Lg has high historical volatility and very poor performance
    The fund retains 97.41% 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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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