|Horizon||30 Days Login to change|
Legg Mason Market Sensitivity
|As returns on market increase, Legg Mason returns are expected to increase less than the market. However during bear market, the loss on holding Legg Mason will be expected to be smaller as well.One Month Beta |Analyze Legg Mason BW Demand TrendCheck current 30 days Legg Mason correlation with market (DOW)|
β = 0.0096
Legg Mason BW Technical Analysis
Legg Mason Projected Return Density Against MarketAssuming 30 trading days horizon, Legg Mason has beta of 0.0096 . This indicates as returns on market go up, Legg Mason average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Legg Mason BW Global Hi Yld S CAD H Acc will be expected to be much smaller as well. Moreover, Legg Mason BW Global Hi Yld S CAD H Acc has an alpha of 0.0404 implying that it can potentially generate 0.0404% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Legg Mason Return VolatilityLegg Mason BW Global Hi Yld S CAD H Acc accepts 0.3215% volatility on return distribution over the 30 days horizon. DOW inherits 1.0568% risk (volatility on return distribution) over the 30 days horizon.