We consider Legg Mason unknown risk. Legg Mason WA has Sharpe Ratio of 0.3575 which conveys that Legg Mason WA had 0.3575% of return per unit of risk over the last 2 months. 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 Emerg Mkts CorpBdLMInc Mean Deviation of 0.4319 and Risk Adjusted Performance of
(0.51) to check out if risk estimate we provide are consistent with the epected return of 0.1069%.
|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 = -0.0223
Legg Mason Central Daily Price Deviation
Legg Mason WA Technical Analysis
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Legg Mason Projected Return Density Against MarketAssuming 30 trading days horizon, Legg Mason WA Emerg Mkts CorpBdLMInc has beta of -0.0223 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 Emerg Mkts CorpBdLMInc is likely to outperform the market. Additionally, Legg Mason WA Emerg Mkts CorpBdLMInc 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
Assuming 30 trading days horizon, the coefficient of variation of Legg Mason is 279.73. The daily returns are destributed with a variance of 0.09 and standard deviation of 0.3. The mean deviation of Legg Mason WA Emerg Mkts CorpBdLMInc is currently at 0.22. For similar time horizon, the selected benchmark (DOW) has volatility of 1.97
|Alpha over DOW||=||0.23|
|Beta against DOW||=||0.02|
Legg Mason Return VolatilityLegg Mason WA Emerg Mkts CorpBdLMInc accepts 0.2991% volatility on return distribution over the 30 days horizon. DOW inherits 2.026% risk (volatility on return distribution) over the 30 days horizon.
DOW has a standard deviation of returns of 2.03 and is 6.77 times more volatile than Legg Mason WA Emerg Mkts CorpBdLMInc. 2% 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 Emerg Mkts CorpBdLMInc is lower than 2 (%) of all global equities and portfolios over the last 30 days. Use Legg Mason WA Emerg Mkts CorpBdLMInc to protect your portfolios against small markets fluctuations. The fund experiences normal downward trend and little activity. Check odds of Legg Mason to be traded at $90.8 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