Legg Mason (Ireland) Risk Analysis And Volatility Evaluation

IE00B4Y6FH34 -- Ireland Fund  

 101.55  0.14  0.14%

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 Glb Ble Chp Bd B USD Inc M Mean Deviation of 0.0888 and Risk Adjusted Performance of 0.2861 to check out if risk estimate we provide are consistent with the epected return of 0.0%.
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 Trend
Check current 30 days Legg Mason correlation with market (DOW)
β = -0.0549

Legg Mason Central Daily Price Deviation

Legg Mason WA Technical Analysis

Transformation
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Legg Mason Projected Return Density Against Market

Assuming 30 trading days horizon, Legg Mason WA Glb Ble Chp Bd B USD Inc M has beta of -0.0549 . This indicates 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 Glb Ble Chp Bd B USD Inc M is likely to outperform the market. Moreover, Legg Mason WA Glb Ble Chp Bd B USD Inc M has an alpha of 0.0319 implying that it can potentially generate 0.0319% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
α
Alpha over DOW
=0.0319
β
Beta against DOW=0.05
σ
Overall volatility
=0.00
Ir
Information ratio =0.93

Legg Mason Return Volatility

Legg Mason WA Glb Ble Chp Bd B USD Inc M accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 1.1779% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

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Price Exposure Probability

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Investment Outlook

Legg Mason Investment Opportunity

DOW has a standard deviation of returns of 1.18 and is 9.223372036854776E16 times more volatile than Legg Mason WA Glb Ble Chp Bd B USD Inc M. 0% 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 Glb Ble Chp Bd B USD Inc M is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use Legg Mason WA Glb Ble Chp Bd B USD Inc M to protect against small markets fluctuations. The fund experiences normal downward trend and little activity. Check odds of Legg Mason to be traded at 100.53 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

correlation synergy
Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Legg Mason WA Glb Ble Chp Bd B and equity matching DJI index in the same portfolio.

Legg Mason Volatility Indicators

Legg Mason WA Glb Ble Chp Bd B USD Inc M Current Risk Indicators

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