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

    F000002IQM -- Ireland Fund  

    USD 184.84  2.00  1.07%

    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
     184.84 30 days 184.84  ABOUT 29.24%
    Based on normal probability distribution, the odds of Legg Mason to move above current price in 30 days from now is about 29.24% (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 has beta of 0.1172 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 Glb Hi Yld Prem USD Acc will be expected to be much smaller as well. Additionally Legg Mason WA Glb Hi Yld Prem USD Acc has an alpha of 0.3015 implying that it can potentially generate 0.3015% excess return over DOW after adjusting for the inherited market risk (beta).
     Legg Mason Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.30
    β
    Beta against DOW=0.12
    σ
    Overall volatility
    =1.87
    Ir
    Information ratio =0.59

    Legg Mason Alerts

    Legg Mason Alerts and Suggestions

    Legg Mason WA is not yet fully synchronised with the market data
    Legg Mason WA generates negative expected return over the last 30 days
    The fund retains about 32.79% of its assets under management (AUM) in cash
    Additionally see Investing Opportunities. Please also try Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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