|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 RY Demand TrendCheck current 30 days Legg Mason correlation with market (DOW)|
β = -0.1158
Legg Mason RY Technical Analysis
Legg Mason Projected Return Density Against MarketAssuming 30 trading days horizon, Legg Mason RY US Smlr Coms E Acc has beta of -0.1158 . 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 RY US Smlr Coms E Acc is likely to outperform the market. Moreover, Legg Mason RY US Smlr Coms E Acc has an alpha of 0.0502 implying that it can potentially generate 0.0502% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Legg Mason Return VolatilityLegg Mason RY US Smlr Coms E Acc accepts 0.3055% volatility on return distribution over the 30 days horizon. DOW inherits 0.444% risk (volatility on return distribution) over the 30 days horizon.