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

    BNY Mellon probability of target price tool provides mechanism to make assumptions about upside and downside potential of BNY Mellon Global Emerg Mkts A USD 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
     0.00 30 days 0.00  MORE THAN 94.0%
    Based on normal probability distribution, the odds of BNY Mellon to move above current price in 30 days from now is more than 94.0% (This BNY Mellon Global Emerg Mkts A USD 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 has beta of 0.5252 . 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 Global Emerg Mkts A USD Acc will be expected to be much smaller as well. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. BNY Mellon Global is significantly underperforming DOW.
     BNY Mellon Price Density 
          Price 
    α
    Alpha over DOW
    =1.61
    β
    Beta against DOW=0.53
    σ
    Overall volatility
    =0.41
    Ir
    Information ratio =0.39

    BNY Mellon Alerts and Suggestions

    BNY Mellon Global is not yet fully synchronised with the market data
    BNY Mellon Global has some characteristics of a very speculative penny stock
    The fund generated three year return of -11.0%
    BNY Mellon Global retains 98.61% of its assets under management (AUM) in equities

    BNY MellonPrice Density Drivers

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