Legg Mason Low Etf Technical Analysis
| LVHD Etf | USD 36.18 0.18 0.50% |
As of the 24th of April, Legg Mason secures the Downside Deviation of 0.8921, mean deviation of 0.5617, and Risk Adjusted Performance of 0.0222. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Legg Mason Low, as well as the relationship between them. Strictly speaking, you can use this information to find out if the etf will indeed mirror its model of past prices, or the prices will eventually revert. We have analyze and collected data for nineteen technical drivers for Legg Mason, which can be compared to its peers in the industry. Please verify Legg Mason Low variance, as well as the relationship between the maximum drawdown and semi variance to decide if Legg Mason Low is priced some-what accurately, providing market reflects its recent price of 36.18 per share.
Legg Mason Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Legg, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to LeggLegg |
Legg Mason technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Legg Mason Low Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Legg Mason Low volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Legg Mason Low Trend Analysis
Use this graph to draw trend lines for Legg Mason Low. You can use it to identify possible trend reversals for Legg Mason as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Legg Mason price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Legg Mason Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Legg Mason Low applied against its price change over selected period. The best fit line has a slop of 0.02 , which means Legg Mason Low will continue generating value for investors. It has 122 observation points and a regression sum of squares at 12.35, which is the sum of squared deviations for the predicted Legg Mason price change compared to its average price change.About Legg Mason Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Legg Mason Low on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Legg Mason Low based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Legg Mason Low price pattern first instead of the macroeconomic environment surrounding Legg Mason Low. By analyzing Legg Mason's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Legg Mason's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Legg Mason specific price patterns or momentum indicators. Please read more on our technical analysis page.
Legg Mason April 24, 2024 Technical Indicators
Most technical analysis of Legg help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Legg from various momentum indicators to cycle indicators. When you analyze Legg charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Volume Indicators |
| Risk Adjusted Performance | 0.0222 | |||
| Market Risk Adjusted Performance | 0.9764 | |||
| Mean Deviation | 0.5617 | |||
| Semi Deviation | 0.8275 | |||
| Downside Deviation | 0.8921 | |||
| Coefficient Of Variation | 3065.5 | |||
| Standard Deviation | 0.7657 | |||
| Variance | 0.5864 | |||
| Information Ratio | (0.09) | |||
| Jensen Alpha | 0.0137 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.9664 | |||
| Maximum Drawdown | 4.3 | |||
| Value At Risk | (1.40) | |||
| Potential Upside | 0.8936 | |||
| Downside Variance | 0.7958 | |||
| Semi Variance | 0.6847 | |||
| Expected Short fall | (0.55) | |||
| Skewness | (0.46) | |||
| Kurtosis | 1.18 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Legg Mason Low. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the Legg Mason Low information on this page should be used as a complementary analysis to other Legg Mason's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
The market value of Legg Mason Low is measured differently than its book value, which is the value of Legg that is recorded on the company's balance sheet. Investors also form their own opinion of Legg Mason's value that differs from its market value or its book value, called intrinsic value, which is Legg Mason's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Legg Mason's market value can be influenced by many factors that don't directly affect Legg Mason's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Legg Mason's value and its price as these two are different measures arrived at by different means. Investors typically determine if Legg Mason is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Legg Mason's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.