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 WA EM Ttl Ret Bd Prem Acc Mean Deviation of 0.1869 and Risk Adjusted Performance of
(0.36) to check out if risk estimate we provide are consistent with the epected return of 0.0%.
|Horizon||30 Days Login to change|
Legg Mason Market Sensitivity
|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.2 Months Beta |Analyze Legg Mason WA Demand TrendCheck current 30 days Legg Mason correlation with market (DOW)|
β = -0.0372
Legg Mason Central Daily Price Deviation
Legg Mason WA Technical Analysis
We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.
Legg Mason Projected Return Density Against MarketAssuming 30 trading days horizon, Legg Mason WA EM Ttl Ret Bd Prem Acc has beta of -0.0372 suggesting as returns on benchmark increase, returns on holding Legg Mason are expected to decrease at a much smaller rate. During bear market, however, Legg Mason WA EM Ttl Ret Bd Prem Acc is likely to outperform the market. Additionally, Legg Mason WA EM Ttl Ret Bd Prem Acc has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Predicted Return Density
|Alpha over DOW||=||0.1|
|Beta against DOW||=||0.04|
Legg Mason Return VolatilityLegg Mason WA EM Ttl Ret Bd Prem Acc accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 1.3305% risk (volatility on return distribution) over the 30 days horizon.
DOW has a standard deviation of returns of 1.33 and is 9.223372036854776E16 times more volatile than Legg Mason WA EM Ttl Ret Bd Prem Acc. 0% of all equities and portfolios are less risky than Legg Mason. Compared to the overall equity markets, volatility of historical daily returns of Legg Mason WA EM Ttl Ret Bd Prem Acc is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use Legg Mason WA EM Ttl Ret Bd Prem Acc to protect against small markets fluctuations. The fund experiences normal downward trend and little activity. Check odds of Legg Mason to be traded at $224.59 in 30 days. 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.
Legg Mason correlation with market