Legg Mason Partners Fund Technical Analysis
| QLMEIX Fund | USD 20.85 0.02 0.1% |
As of the 19th of April, Legg Mason secures the Mean Deviation of 0.4157, risk adjusted performance of 0.0266, and Downside Deviation of 0.6085. Our technical analysis interface lets you check existing technical drivers of Legg Mason Partners, as well as the relationship between them. Strictly speaking, you can use this information to find out if the fund will indeed mirror its model of past prices, or the prices will eventually revert. We have collected data for nineteen technical drivers for Legg Mason, which can be compared to its peers in the industry. Please verify Legg Mason Partners information ratio, as well as the relationship between the value at risk and expected short fall to decide if Legg Mason Partners is priced some-what accurately, providing market reflects its recent price of 20.85 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 fund 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, fund market cycles, or different charting patterns.
Legg Mason Partners Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. 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 Partners volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Legg Mason Partners Trend Analysis
Use this graph to draw trend lines for Legg Mason Partners. 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 Partners applied against its price change over selected period. The best fit line has a slop of 0.01 , which means Legg Mason Partners will continue generating value for investors. It has 122 observation points and a regression sum of squares at 7.25, 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 Partners 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 Partners based on its technical analysis. In general, a bottom-up approach, as applied to this fund, focuses on Legg Mason Partners price pattern first instead of the macroeconomic environment surrounding Legg Mason Partners. 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 19, 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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| Risk Adjusted Performance | 0.0266 | |||
| Market Risk Adjusted Performance | 0.4606 | |||
| Mean Deviation | 0.4157 | |||
| Semi Deviation | 0.5526 | |||
| Downside Deviation | 0.6085 | |||
| Coefficient Of Variation | 2192.95 | |||
| Standard Deviation | 0.5355 | |||
| Variance | 0.2868 | |||
| Information Ratio | (0.08) | |||
| Jensen Alpha | 0.0125 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.4506 | |||
| Maximum Drawdown | 2.65 | |||
| Value At Risk | (1.01) | |||
| Potential Upside | 0.7615 | |||
| Downside Variance | 0.3703 | |||
| Semi Variance | 0.3054 | |||
| Expected Short fall | (0.41) | |||
| Skewness | (0.37) | |||
| Kurtosis | 0.2061 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Legg Mason Partners. Also, note that the market value of any fund could be tightly coupled with the direction of predictive economic indicators such as signals in income. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
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.