Legg Mason Bw Fund Market Value

LGOCX Fund  USD 8.58  0.03  0.35%   
Legg Mason's market value is the price at which a share of Legg Mason stock trades on a public exchange. It measures the collective expectations of Legg Mason Bw investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Legg Mason Bw and determine expected loss or profit from investing in Legg Mason over a given investment horizon.
Check out Legg Mason Correlation, Legg Mason Volatility and Legg Mason Alpha and Beta module to complement your research on Legg Mason.
Symbol

Please note, there is a significant difference between Legg Mason's value and its price as these two are different measures arrived at by different means. Investors typically determine if Legg Mason is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Legg Mason's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Legg Mason 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Legg Mason's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Legg Mason.
0.00
09/25/2022
No Change 0.00  0.0 
In 1 year 5 months and 25 days
03/18/2024
0.00
If you would invest  0.00  in Legg Mason on September 25, 2022 and sell it all today you would earn a total of 0.00 from holding Legg Mason Bw or generate 0.0% return on investment in Legg Mason over 540 days. Legg Mason is related to or competes with USCF Gold, Clearbridge Aggressive, Clearbridge Small, Qs International, Qs International, Qs International, and Clearbridge Appreciation. The fund normally invests at least 80 percent of its net assets in fixed income securities of issuers located in develop... More

Legg Mason Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Legg Mason's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Legg Mason Bw upside and downside potential and time the market with a certain degree of confidence.

Legg Mason Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Legg Mason's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Legg Mason's standard deviation. In reality, there are many statistical measures that can use Legg Mason historical prices to predict the future Legg Mason's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Legg Mason's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Legg Mason in the context of predictive analytics.
Hype
Prediction
LowEstimatedHigh
8.018.619.21
Details
Intrinsic
Valuation
LowRealHigh
8.068.669.26
Details
Naive
Forecast
LowNextHigh
8.068.669.25
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
8.518.658.79
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Legg Mason. Your research has to be compared to or analyzed against Legg Mason's peers to derive any actionable benefits. When done correctly, Legg Mason's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Legg Mason Bw.

Legg Mason Bw Backtested Returns

Legg Mason Bw has Sharpe Ratio of -0.12, which conveys that the entity had -0.12% return per unit of risk over the last 3 months. Our standpoint towards estimating the risk of any fund is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Legg Mason exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its stock price that cannot be diversified away. Please verify Legg Mason's Risk Adjusted Performance of 0.0143, mean deviation of 0.4691, and Downside Deviation of 0.7469 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.13, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Legg Mason returns are expected to increase less than the market. However, during the bear market, the loss on holding Legg Mason will be expected to be smaller as well.

Auto-correlation

    
  -0.37  

Poor reverse predictability

Legg Mason Bw has poor reverse predictability. Overlapping area represents the amount of predictability between Legg Mason time series from 25th of September 2022 to 22nd of June 2023 and 22nd of June 2023 to 18th of March 2024. 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 Bw price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Legg Mason price fluctuation can be explain by its past prices.
Correlation Coefficient-0.37
Spearman Rank Test0.15
Residual Average0.0
Price Variance0.11

Legg Mason Bw lagged returns against current returns

Autocorrelation, which is Legg Mason mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Legg Mason's mutual fund expected returns. We can calculate the autocorrelation of Legg Mason returns to help us make a trade decision. For example, suppose you find that Legg Mason mutual fund has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Legg Mason regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Legg Mason mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Legg Mason mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Legg Mason mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Legg Mason Lagged Returns

When evaluating Legg Mason's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Legg Mason mutual fund have on its future price. Legg Mason autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Legg Mason autocorrelation shows the relationship between Legg Mason mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Legg Mason Bw.
   Regressed Prices   
       Timeline  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Legg Mason in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Legg Mason's short interest history, or implied volatility extrapolated from Legg Mason options trading.

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect
Check out Legg Mason Correlation, Legg Mason Volatility and Legg Mason Alpha and Beta module to complement your research on Legg Mason.
Note that the Legg Mason Bw information on this page should be used as a complementary analysis to other Legg Mason's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

Complementary Tools for Legg Mutual Fund analysis

When running Legg Mason's price analysis, check to measure Legg Mason's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Legg Mason is operating at the current time. Most of Legg Mason's value examination focuses on studying past and present price action to predict the probability of Legg Mason's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Legg Mason's price. Additionally, you may evaluate how the addition of Legg Mason to your portfolios can decrease your overall portfolio volatility.
Bonds Directory
Find actively traded corporate debentures issued by US companies
ETFs
Find actively traded Exchange Traded Funds (ETF) from around the world
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Price Transformation
Use Price Transformation models to analyze the depth of different equity instruments across global markets
Sectors
List of equity sectors categorizing publicly traded companies based on their primary business activities
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Funds Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Legg Mason technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
A focus of Legg Mason technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Legg Mason trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...