Projected Return Density against MarketAssuming 30 trading days horizon, LEGG has beta of 0.08 . This means as returns on market go up, LEGG avarage returns are expected to increase less than the benchmark. However during bear market, the loss on holding LEGG MASON PARTNERS CORPORATE L will be expected to be much smaller as well. Moreover, LEGG MASON PARTNERS CORPORATE L has alpha of 0.08 implying that it can potentially generate 0.08% excess return over S&P 500 after adjusting for the inherited market risk (beta). Assuming 30 trading days horizon, the coefficient of variation of LEGG is 958.41. The daily returns are destributed with a variance of 0.02 and standard deviation of 0.13. The mean deviation of LEGG MASON PARTNERS CORPORATE L is currently at 0.07. For similar time horizon, the selected benchmark (S&P 500) has volatility of 0.58
Actual Return VolatilityLEGG MASON PARTNERS CORPORATE L shows 0.13% volatility of returns over 30 trading days. S&P 500 shows 0.57% volatility of returns over 30 trading days.
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S&P 500 has a standard deviation of returns of 0.57 and is 4.38 times more volatile than LEGG MASON PARTNERS CORPORATE L. 1% of all equities and portfolios are less risky than LEGG. Compared with the overall equity markets, volatility of historical daily returns of LEGG MASON PARTNERS CORPORATE L is lower than 1 (%) of all global equities and portfolios over the last 30 days. Use LEGG MASON PARTNERS CORPORATE L to enhance returns of your portfolios. The fund experiences normal upward fluctuation. As returns on market increase, LEGG returns are expected to increase less than the market. However during bear market, the loss on holding LEGG will be expected to be smaller as well.
LEGG correlation with market
LEGG Current Risk Indicators
Suggested Divercification Pairs