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

    IE00B8HQ1Z84 -- Ireland Fund  

    USD 0.83  0.01  1.22%

    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
     0.83 30 days 0.83  ABOUT 31.21%
    Based on normal probability distribution, the odds of BNY Mellon to move above current price in 30 days from now is about 31.21% (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 -0.8209 . 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 a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
     BNY Mellon Price Density 
          Price 
    α
    Alpha over DOW
    =1.83
    β
    Beta against DOW=0.82
    σ
    Overall volatility
    =0.43
    Ir
    Information ratio =0.34

    BNY Mellon Alerts

    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
    BNY Mellon Global has very high historical volatility over the last 30 days
    BNY Mellon Global has high likelihood to experience some financial distress in the next 2 years
    The fund generated three year return of -11.0%
    BNY Mellon Global Emerg Mkts A USD Acc retains 98.61% 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 Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.
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