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 CB Tact Div Inc Pre Inc Me Mean Deviation of 0.4155 and Risk Adjusted Performance of 0.1888 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. 2 Months Beta |Analyze Legg Mason CB Demand TrendCheck current 30 days Legg Mason correlation with market (DOW)|
β = -0.0025
Legg Mason Central Daily Price Deviation
Legg Mason CB Technical Analysis
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Legg Mason Projected Return Density Against MarketAssuming 30 trading days horizon, Legg Mason CB Tact Div Inc Pre Inc Me has beta of -0.0025 . 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 CB Tact Div Inc Pre Inc Me is likely to outperform the market. Moreover, The company has an alpha of 0.0829 implying that it can potentially generate 0.0829% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
|Alpha over DOW||=||0.08|
|Beta against DOW||=||0.0025|
Legg Mason Return Volatilitythe fund firm accepts 0.0% volatility on return distribution over the 30 days horizon. the entity inherits 1.5467% risk (volatility on return distribution) over the 30 days horizon.
DOW has a standard deviation of returns of 1.55 and is 9.223372036854776E16 times more volatile than Legg Mason CB Tact Div Inc Pre Inc Me. 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 CB Tact Div Inc Pre Inc Me is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use Legg Mason CB Tact Div Inc Pre Inc Me to protect your portfolios against small markets fluctuations. The fund experiences unexpected downward movement. The market is reacting to new fundamentals. Check odds of Legg Mason to be traded at $82.13 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