Legg Mason (Ireland) Risk Analysis And Volatility Evaluation

IE00B9KHL331 -- Ireland Fund  

USD 92.61  0.94  1.00%

Our philosophy towards estimating volatility of a fund is to use all available market data together with company 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 0.2753 and Risk Adjusted Performance of 0.12 to check out if risk estimate we provide are consistent with the epected return of 0.0%.
 Time 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 Trend
Check current 30 days Legg Mason correlation with market (DOW)
β = -0.3112
Legg Mason Almost negative betaLegg Mason CB Beta Legend

Legg Mason CB Technical Analysis

Transformation
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Projected Return Density Against Market

Assuming 30 trading days horizon, Legg Mason CB Tact Div Inc Pre Inc Me has beta of -0.3112 . 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. Additionally, Legg Mason CB Tact Div Inc Pre Inc Me has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Predicted Return Density 
      Returns 
α
Alpha over DOW
=0.07
β
Beta against DOW=0.31
σ
Overall volatility
=0.00
Ir
Information ratio =0.47

Actual Return Volatility

Legg Mason CB Tact Div Inc Pre Inc Me accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 0.6284% 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
DOW has a standard deviation of returns of 0.63 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 against small markets fluctuations. The fund experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of Legg Mason to be traded at $89.83 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

Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Legg Mason CB Tact Div Inc Pre and equity matching DJI index in the same portfolio.
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