Legg Mason (Ireland) Risk Analysis And Volatility Evaluation

IE00BD5V0L96 -- Ireland Fund  

CAD 123.58  0.06  0.0486%

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 BW Global Hi Yld S CAD H Acc Downside Deviation of 0.3634, Mean Deviation of 0.1933 and Risk Adjusted Performance of 0.0164 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 BW Demand Trend
Check current 30 days Legg Mason correlation with market (DOW)
β = -0.1229
Legg Mason Almost negative betaLegg Mason BW Beta Legend

Legg Mason BW Technical Analysis

Transformation
We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.

Projected Return Density Against Market

Assuming 30 trading days horizon, Legg Mason BW Global Hi Yld S CAD H Acc has beta of -0.1229 . 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. Moreover, Legg Mason BW Global Hi Yld S CAD H Acc has an alpha of 0.0081 implying that it can potentially generate 0.0081% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
α
Alpha over DOW
=0.0081
β
Beta against DOW=0.12
σ
Overall volatility
=0.00
Ir
Information ratio =0.07

Actual Return Volatility

Legg Mason BW Global Hi Yld S CAD H Acc accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 0.5525% 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 0.55 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 enhance returns of your portfolios. The fund experiences normal upward fluctuation. Check odds of Legg Mason to be traded at C$129.76 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

Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Legg Mason BW Global Hi Yld S and equity matching DJI index in the same portfolio.

Volatility Indicators

Legg Mason Current Risk Indicators
Please also check Risk vs Return Analysis. Please also try Piotroski F Score module to get piotroski f score based on binary analysis strategy of nine different fundamentals.