|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
| 0.93 ||30 days|| 0.93 || ABOUT 13.24%|
Based on normal probability distribution, the odds of BNY Mellon to move above current price in 30 days from now is about 13.24% (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 Global Emerg Mkts A USD Acc has beta of -0.1796 . 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 Global Emerg Mkts A USD Acc is likely to outperform the market. Additionally BNY Mellon Global Emerg Mkts A USD Acc has an alpha of 0.3964 implying that it can potentially generate 0.3964% excess return over DOW after adjusting for the inherited market risk (beta).
| || |
|Current Price || ||Target Price || |