Macroaxis considers Legg Mason to be not too risky. Legg Mason MC
has Sharpe Ratio of -0.2153 which conveys that Legg Mason MC
had -0.2153% of return per unit of risk over the last 1 month. Macroaxis philosophy towards estimating risk of any fund is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. Legg Mason exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Legg Mason MC Jpn Abs Alpha A USD Acc Mean Deviation
of 0.158 and Risk Adjusted Performance
of 0.05 to check out risk estimate we provide. The fund secures Beta (Market Risk) of 0.1768 which conveys that as returns on market increase, Legg Mason returns are expected to increase less than the market. However during bear market, the loss on holding Legg Mason will be expected to be smaller as well.. Even though it is essential to pay attention to Legg Mason MC price patterns, it is always good to be careful when utilizing equity historical price patterns. Macroaxis philosophy towards estimating future performance of any fund is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Legg Mason exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation|| 0.75 |
Legg Mason MC Jpn Abs Alpha A USD Acc has good predictability. Overlapping area represents the amount of predictability between Legg Mason time series from June 22, 2018 to July 7, 2018 and July 7, 2018 to July 22, 2018. 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 MC price movement. The serial correlation of 0.75 indicates that around 75.0% of current Legg Mason price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.75|
|Spearman Rank Test|| 0.2|
|Price Variance|| 2.5|
|Lagged Price Variance|| 0.54|