|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.One Month Beta |Analyze Legg Mason BW Demand TrendCheck current 30 days Legg Mason correlation with market (DOW)|
β = -0.1008
Legg Mason BW Technical Analysis
Legg Mason Projected Return Density Against MarketAssuming 30 trading days horizon, Legg Mason BW Glb Fxd Inc Prem Acc HgAH has beta of -0.1008 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 BW Glb Fxd Inc Prem Acc HgAH is likely to outperform the market. Additionally, Legg Mason BW Glb Fxd Inc Prem Acc HgAH 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
Legg Mason Return VolatilityLegg Mason BW Glb Fxd Inc Prem Acc HgAH accepts 0.1618% volatility on return distribution over the 30 days horizon. DOW inherits 1.0404% risk (volatility on return distribution) over the 30 days horizon.