Legg Mason (Ireland) Probability of Target Price Finishing Over Current Price

    F000002IQM -- Ireland Fund  

    USD 178.06  0.000002  0.00%

    Legg Mason probability of target price tool provides mechanism to make assumptions about upside and downside potential of Legg Mason WA Glb Hi Yld Prem USD 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.
    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
     178.06 30 days 178.06  ABOUT 85.75%
    Based on normal probability distribution, the odds of Legg Mason to move above current price in 30 days from now is about 85.75% (This Legg Mason WA Glb Hi Yld Prem USD 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 WA Glb Hi Yld Prem USD Acc has beta of -0.0892 suggesting as returns on benchmark increase, returns on holding Legg Mason are expected to decrease at a much smaller rate. During bear market, however, Legg Mason WA Glb Hi Yld Prem USD Acc is likely to outperform the market. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. Legg Mason WA is significantly underperforming DOW.
     Legg Mason Price Density 
          Price 
    α
    Alpha over DOW
    =0.22
    β
    Beta against DOW=0.09
    σ
    Overall volatility
    =3.25
    Ir
    Information ratio =0.26

    Legg Mason Alerts and Suggestions

    Legg Mason WA is not yet fully synchronised with the market data
    The fund retains about 32.79% of its assets under management (AUM) in cash

    Legg MasonPrice Density Drivers

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