|Horizon||30 Days Login to change|
BNY Mellon Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|1.45||30 days||1.45||ABOUT 31.07%|
Based on normal probability distribution, the odds of BNY Mellon to move above current price in 30 days from now is about 31.07% (This BNY Mellon Global Equity Inc USD W 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 0.2995 . 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 Equity Inc USD W 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
|Alpha over DOW||=||0.14|
|Beta against DOW||=||0.30|