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 technical indicators for Legg Mason which you can use to evaluate future volatility of the organization. Please verify Legg Mason CB US Lg Cp Gr Pr GBP Acc Coefficient Of Variation of 662.59, Mean Deviation of 464.91 and Risk Adjusted Performance of 0.2094 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 market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Legg Mason will likely underperform.2 Months Beta |Analyze Legg Mason CB Demand TrendCheck current 30 days Legg Mason correlation with market (DOW)|
β = 41.5302
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, the fund has beta coefficient of 41.5302 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, Legg Mason will likely underperform. In addition to that, Legg Mason CB US Lg Cp Gr Pr GBP Acc has an alpha of 244.9121 implying that it can potentially generate 244.9121% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
|Alpha over DOW||=||244.91|
|Beta against DOW||=||41.53|
Legg Mason Return VolatilityLegg Mason CB US Lg Cp Gr Pr GBP Acc accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 1.3328% risk (volatility on return distribution) over the 30 days horizon.
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DOW has a standard deviation of returns of 1.33 and is 9.223372036854776E16 times more volatile than Legg Mason CB US Lg Cp Gr Pr GBP 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 CB US Lg Cp Gr Pr GBP Acc is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use Legg Mason CB US Lg Cp Gr Pr GBP Acc to protect 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 16191.36 in 30 days. As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Legg Mason will likely underperform.
Legg Mason correlation with market
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