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

    F00000Q6KK -- Ireland Fund  

    USD 91.72  0.04  0.0436%

    Legg Mason probability of target price tool provides mechanism to make assumptions about upside and downside potential of Legg Mason WA Emerg Mkts CorpBdLMInc 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
     91.72 30 days 91.72  ABOUT 26.28%
    Based on normal probability distribution, the odds of Legg Mason to move above current price in 30 days from now is about 26.28% (This Legg Mason WA Emerg Mkts CorpBdLMInc 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 Emerg Mkts CorpBdLMInc has beta of -0.0323 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 Emerg Mkts CorpBdLMInc 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
    =0.21
    β
    Beta against DOW=0.03
    σ
    Overall volatility
    =44.50
    Ir
    Information ratio =0.25

    Legg Mason Alerts and Suggestions

    Legg Mason WA is not yet fully synchronised with the market data
    The fund retains about 23.93% of its assets under management (AUM) in cash
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