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

    F00000WAFA -- Ireland Fund  

    GBp 10,204  92.00  0.89%

    Legg Mason probability of target price tool provides mechanism to make assumptions about upside and downside potential of Legg Mason BW Glb Fxd Inc X GBP Acc Hdg 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
     10,204 30 days 10,204  ABOUT 24.86%
    Based on normal probability distribution, the odds of Legg Mason to move above current price in 30 days from now is about 24.86% (This Legg Mason BW Glb Fxd Inc X GBP Acc Hdg 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 BW Glb Fxd Inc X GBP Acc Hdg has beta of -0.0277 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 BW Glb Fxd Inc X GBP Acc Hdg is likely to outperform the market. Additionally Legg Mason BW Glb Fxd Inc X GBP Acc Hdg has an alpha of 0.0265 implying that it can potentially generate 0.0265% excess return over DOW after adjusting for the inherited market risk (beta).
     Legg Mason Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.026534
    β
    Beta against DOW=0.03
    σ
    Overall volatility
    =5,260
    Ir
    Information ratio =0.16

    Legg Mason Alerts

    Legg Mason Alerts and Suggestions

    Legg Mason BW generates negative expected return over the last 30 days
    The fund retains about 53.73% of its assets under management (AUM) in cash
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