Legg Mason (Ireland) Probability of Target Price Finishing Over

    F000002H8F -- Ireland Fund  

    USD 229.53  0.26  0.11%

    Legg Mason probability of target price tool provides mechanism to make assumptions about upside and downside potential of Legg Mason WA EM Ttl Ret Bd Prem Acc performance during a given time horizon utilizing its historical volatility. Please specify Legg Mason time horizon, a valid symbol (red box) and a target price (blue box) you would like Legg Mason odds to be computed. Additionally see Investing Opportunities.
     Time Horizon     30 Days    Login   to change
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    Legg Mason Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     229.53 30 days 229.53  ABOUT 23.41%
    Based on normal probability distribution, the odds of Legg Mason to move above current price in 30 days from now is about 23.41% (This Legg Mason WA EM Ttl Ret Bd Prem Acc probability density function shows the probability of Legg Mason Fund to fall within a particular range of prices over 30 days) .
    Assuming 30 trading days horizon, Legg Mason has beta of 0.0015 suggesting as returns on market go up, Legg Mason average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Legg Mason WA EM Ttl Ret Bd Prem Acc will be expected to be much smaller as well. Additionally Legg Mason WA EM Ttl Ret Bd Prem Acc has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
     Legg Mason Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.04
    β
    Beta against DOW=0.0015
    σ
    Overall volatility
    =118.74
    Ir
    Information ratio =1.58

    Legg Mason Alerts

    Legg Mason Alerts and Suggestions
    The fund retains about 22.8% of its assets under management (AUM) in cash
    Additionally see Investing Opportunities. Please also try Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
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