Legg Mason (Ireland) Risk Analysis And Volatility Evaluation

IE00B23Z9C05 -- Ireland Fund  

USD 125.26  0.34  0.27%

Macroaxis considers Legg Mason to be unknown risk. Legg Mason BW has Sharpe Ratio of -0.3002 which conveys that Legg Mason BW had -0.3002% of return per unit of risk over the last 1 month. Macroaxis philosophy towards estimating risk of any fund is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Legg Mason exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Legg Mason BW Glb Fxd Inc LM Acc to check out risk estimate we provide.
 Time Horizon     30 Days    Login   to change

Legg Mason BW Technical Analysis

Transformation
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Projected Return Density Against Market

Assuming 30 trading days horizon, Legg Mason has beta of 0.0 . This indicates unless we do not have required data, the returns on DOW and Legg Mason are completely uncorrelated. Furthermore, Legg Mason BW Glb Fxd Inc LM AccIt does not look like Legg Mason alpha can have any bearing on the equity current valuation.
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of Legg Mason is -333.12. The daily returns are destributed with a variance of 1.06 and standard deviation of 1.03. The mean deviation of Legg Mason BW Glb Fxd Inc LM Acc is currently at 0.77. For similar time horizon, the selected benchmark (DOW) has volatility of 0.49
α
Alpha over DOW
=0.00
β
Beta against DOW=0.00
σ
Overall volatility
=1.03
Ir
Information ratio =0.00

Actual Return Volatility

Legg Mason BW Glb Fxd Inc LM Acc accepts 1.0286% volatility on return distribution over the 30 days horizon. DOW inherits 0.5525% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Legg Mason Volatility Factors

30 Days Market Risk

Unknown risk

Chance of Distress in 24 months

Unknown Distress

30 Days Economic Sensitivity

Unaffected

Investment Outlook

Legg Mason Investment Opportunity
Legg Mason BW Glb Fxd Inc LM Acc has a volatility of 1.03 and is 1.87 times more volatile than DOW. 9% 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 BW Glb Fxd Inc LM Acc is lower than 9 (%) of all global equities and portfolios over the last 30 days.

Volatility Indicators

Legg Mason Current Risk Indicators
Please also check Risk vs Return Analysis. Please also try Equity Valuation module to check real value of public entities based on technical and fundamental data.