We consider Legg Mason very steady. Legg Mason RY
has Sharpe Ratio of 0.0977 which conveys that the entity had 0.0977% of return per unit of risk over the last 2 months. Our philosophy towards estimating volatility of a fund is to use all available market data together with fund specific technical indicators
that cannot be diversified away. We have found twenty-one technical indicators
for Legg Mason which you can use to evaluate future volatility of the organization. Please verify Legg Mason RY US Smlr Coms Prm Acc Mean Deviation
of 0.1289 and Risk Adjusted Performance
of 0.1192 to check out if risk estimate we provide are consistent with the epected return of 0.0928%. The fund secures Beta (Market Risk) of -0.0636 which conveys that as returns on market increase, returns on owning Legg Mason are expected to decrease at a much smaller rate. During bear market, Legg Mason is likely to outperform the market. Although it is extremely important to respect Legg Mason RY price patterns
, it is better to be realistic regarding the information on equity historical price patterns
. The philosophy towards estimating future performance of any fund is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By analyzing Legg Mason RY technical indicators
you can presently evaluate if the expected return of 0.0928% will be sustainable into the future.
Almost perfect reverse predictability
Legg Mason RY US Smlr Coms Prm Acc has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Legg Mason time series from February 22, 2019 to March 24, 2019 and March 24, 2019 to April 23, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Legg Mason RY price movement. The serial correlation of -0.77 indicates that around 77.0% of current Legg Mason price fluctuation can be explain by its past prices. Given that Legg Mason RY US Smlr Coms Prm Acc has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Legg Mason for similar time interval.