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 BW Global Hi Yld S CAD H Acc Mean Deviation of 0.2045 and Risk Adjusted Performance of
(0.031627) to check out if risk estimate we provide are consistent with the epected return of 0.0%.
60 Days Market Risk
Chance of Distress in 24 months
60 Days Economic Sensitivity
|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 BW Demand TrendCheck current 30 days Legg Mason correlation with market (DOW)|
β = -0.0311
Legg Mason Central Daily Price Deviation
Legg Mason BW Technical Analysis
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Legg Mason Projected Return Density Against MarketAssuming 30 trading days horizon, Legg Mason BW Global Hi Yld S CAD H Acc has beta of -0.0311 . 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 BW Global Hi Yld S CAD H Acc is likely to outperform the market. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. Legg Mason BW is significantly underperforming DOW.
Predicted Return Density
|Alpha over DOW||=||0.02|
|Beta against DOW||=||0.03|
Legg Mason Return Volatilitythe fund accepts 0.0% volatility on return distribution over the 30 days horizon. the entity inherits 0.6518% risk (volatility on return distribution) over the 30 days horizon.
Legg Mason Investment Opportunity
DOW has a standard deviation of returns of 0.65 and is 9.223372036854776E16 times more volatile than Legg Mason BW Global Hi Yld S CAD H Acc. 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 BW Global Hi Yld S CAD H Acc is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use Legg Mason BW Global Hi Yld S CAD H Acc to protect your portfolios 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 C$114.24 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
Legg Mason Current Risk Indicators
|Risk Adjusted Performance||(0.031627)|
|Market Risk Adjusted Performance||0.6225|
|Coefficient Of Variation||(3,546)|
Legg Mason Suggested Diversification Pairs