|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 CB Demand TrendCheck current 30 days Legg Mason correlation with market (DOW)|
β = -0.4629
Legg Mason CB Technical Analysis
Legg Mason Projected Return Density Against MarketAssuming 30 trading days horizon, Legg Mason CB Tact Div Inc A USD Inc M has beta of -0.4629 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 CB Tact Div Inc A USD Inc M is likely to outperform the market. Moreover, Legg Mason CB Tact Div Inc A USD Inc M has an alpha of 0.3741 implying that it can potentially generate 0.3741% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Legg Mason Return VolatilityLegg Mason CB Tact Div Inc A USD Inc M accepts 0.3925% volatility on return distribution over the 30 days horizon. DOW inherits 1.0373% risk (volatility on return distribution) over the 30 days horizon.