Legg Mason (Ireland) Manager Performance Evaluation

IE00BYXTY768 -- Ireland Fund  

USD 112.93  0.04  0.0354%

The fund secures Beta (Market Risk) of 0.3821 which conveys that 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.. Although it is extremely important to respect Legg Mason MC price patterns, it is better to be realistic regarding the information on equity historical price patterns. The philosophy towards estimating future performance of any fund is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing Legg Mason MC technical indicators you can presently evaluate if the expected return of 0.0218% will be sustainable into the future.
 Time Horizon     30 Days    Login   to change

Legg Mason MC Relative Risk vs. Return Landscape

If you would invest  11,274  in Legg Mason MC Eurp Abs Alpha E USD H Acc on June 22, 2018 and sell it today you would earn a total of  19.00  from holding Legg Mason MC Eurp Abs Alpha E USD H Acc or generate 0.17% return on investment over 30 days. Legg Mason MC Eurp Abs Alpha E USD H Acc is generating 0.0218% of daily returns and assumes 0.4257% volatility on return distribution over the 30 days horizon. Simply put, 3% of equities are less volatile than Legg Mason MC Eurp Abs Alpha E USD H Acc and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
 Daily Expected Return (%) 
      Risk (%) 
Assuming 30 trading days horizon, Legg Mason MC Eurp Abs Alpha E USD H Acc is expected to generate 3.11 times less return on investment than the market. But when comparing it to its historical volatility, the company is 1.34 times less risky than the market. It trades about 0.05 of its potential returns per unit of risk. The DOW is currently generating roughly 0.12 of returns per unit of risk over similar time horizon.

Legg Mason Current Valuation

Fairly Valued
July 22, 2018
112.93
Market Value
Downside
111.09
112.38
Real Value
Target Odds
  
113.67
Upside
Legg Mason is not too risky asset. Legg Mason MC secures last-minute Real Value of $112.38 per share. The latest price of the fund is $112.93. Based on Macroaxis valuation methodology, the organization is fairly valued. Macroaxis forecasts value of Legg Mason MC from analyzing the organization technical indicators and Probability Of Bankruptcy. In general, we recommend to purchase undervalued stocks and to get rid of overvalued stocks since at some point entities prices and their ongoing real values will merge together.

Legg Mason Market Risk Analysis

Sharpe Ratio = 0.0513
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Legg Mason Relative Performance Indicators

Estimated Market Risk
 0.43
  actual daily
 
 97 %
of total potential
  
Expected Return
 0.02
  actual daily
 
 1 %
of total potential
  
Risk-Adjusted Return
 0.05
  actual daily
 
 3 %
of total potential
  
Based on monthly moving average Legg Mason is performing at about 3% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Legg Mason by adding it to a well-diversified portfolio.

Performance Rating

Legg Mason MC Eurp Abs Alpha E USD H Acc Risk Adjusted Performance Analysis
3 

Risk-Adjusted Fund Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Legg Mason MC Eurp Abs Alpha E USD H Acc are ranked lower than 3 (%) of all funds and portfolios of funds over the last 30 days.
Please also check Risk vs Return Analysis. Please also try Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.
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