|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 WA Demand TrendCheck current 30 days Legg Mason correlation with market (DOW)|
β = -0.0157
Legg Mason WA Technical Analysis
Legg Mason Projected Return Density Against MarketAssuming 30 trading days horizon, Legg Mason WA Global Credit A Acc USD has beta of -0.0157 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 Global Credit A Acc USD is likely to outperform the market. Moreover, Legg Mason WA Global Credit A Acc USD has an alpha of 0.0157 implying that it can potentially generate 0.0157% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Legg Mason Return VolatilityLegg Mason WA Global Credit A Acc USD accepts 0.2255% volatility on return distribution over the 30 days horizon. DOW inherits 0.444% risk (volatility on return distribution) over the 30 days horizon.