Legg Mason Partners Fund Quote
| QLMGTX Fund | USD 16.24 0.03 0.18% |
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Legg Mason is trading at 16.24 as of the 18th of April 2024; that is -0.18 percent decrease since the beginning of the trading day. The fund's open price was 16.27. Legg Mason has 50 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Equity ratings for Legg Mason Partners are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 19th of March 2024 and ending today, the 18th of April 2024. Click here to learn more.
Legg Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Legg Mason's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Legg Mason or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Update Date | 31st of March 2024 |
Legg Mason Partners [QLMGTX] is traded in USA and was established 18th of April 2024. The fund is not categorized under any group at this time.
Check Legg Mason Probability Of Bankruptcy
Legg Mason Target Price Odds Analysis
Based on a normal probability distribution, the odds of Legg Mason jumping above the current price in 90 days from now is close to 99%. The Legg Mason Partners probability density function shows the probability of Legg Mason fund to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon the fund has a beta coefficient of 1.1709 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Legg Mason will likely underperform. Additionally, legg Mason Partners has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Legg Mason to move above the current price in 90 days from now is close to 99 (This Legg Mason Partners probability density function shows the probability of Legg Fund to fall within a particular range of prices over 90 days) .
Legg Mason Partners Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Legg Mason market risk premium is the additional return an investor will receive from holding Legg Mason long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Legg Mason. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Legg Mason's alpha and beta are two of the key measurements used to evaluate Legg Mason's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.7604 | |||
| Standard Deviation | 0.938 | |||
| Variance | 0.8799 | |||
| Risk Adjusted Performance | (0) |
Legg Mason Partners Technical Analysis
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The output start index for this execution was zero with a total number of output elements of sixty-one. Legg Mason Partners Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe Legg Mason price patterns.
Legg Mason Against Markets
Picking the right benchmark for Legg Mason fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Legg Mason fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Legg Mason is critical whether you are bullish or bearish towards Legg Mason Partners at a given time. Please also check how Legg Mason's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Legg Mason without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Legg Fund?
Before investing in Legg Mason, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Legg Mason. To buy Legg Mason fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Legg Mason. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Legg Mason fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Legg Mason Partners fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Legg Mason Partners fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Legg Mason Partners, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Legg Mason Partners?
The danger of trading Legg Mason Partners is mainly related to its market volatility and Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Legg Mason is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Legg Mason. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Legg Mason Partners is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 price. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
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.