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

    F00000NE4W -- Ireland Fund  

    EUR 124.57  0.26  0.21%

    Legg Mason probability of target price tool provides mechanism to make assumptions about upside and downside potential of Legg Mason BW Glb Fxd Inc Prem Acc HgAH 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
     124.57 30 days 124.57  ABOUT 28.5%
    Based on normal probability distribution, the odds of Legg Mason to move above current price in 30 days from now is about 28.5% (This Legg Mason BW Glb Fxd Inc Prem Acc HgAH 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 0.0464 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 BW Glb Fxd Inc Prem Acc HgAH will be expected to be much smaller as well. Additionally Legg Mason BW Glb Fxd Inc Prem Acc HgAH 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 
          Price 
    α
    Alpha over DOW
    =0.31
    β
    Beta against DOW=0.0464
    σ
    Overall volatility
    =60.18
    Ir
    Information ratio =0.22

    Legg Mason Alerts

    Legg Mason Alerts and Suggestions

    Legg Mason BW is not yet fully synchronised with the market data
    The fund retains about 53.73% of its assets under management (AUM) in cash
    Additionally see Investing Opportunities. Please also try Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of macroaxis ideas.
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