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

    F00000WKPF -- Ireland Fund  

    USD 138.04  5.14  3.59%

    Legg Mason probability of target price tool provides mechanism to make assumptions about upside and downside potential of Legg Mason CB US Lg Cp Gr F USD 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
     138.04 30 days 138.04  ABOUT 31.76%
    Based on normal probability distribution, the odds of Legg Mason to move above current price in 30 days from now is about 31.76% (This Legg Mason CB US Lg Cp Gr F USD 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 CB US Lg Cp Gr F USD has beta of -0.0741 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 CB US Lg Cp Gr F USD is likely to outperform the market. Moreover Legg Mason CB US Lg Cp Gr F USD has an alpha of 1.1887 implying that it can potentially generate 1.1887% excess return over DOW after adjusting for the inherited market risk (beta).
     Legg Mason Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =1.19
    β
    Beta against DOW=0.07
    σ
    Overall volatility
    =55.24
    Ir
    Information ratio =0.43

    Legg Mason Alerts

    Legg Mason Alerts and Suggestions

    Legg Mason CB is not yet fully synchronised with the market data
    Legg Mason CB generates negative expected return over the last 30 days
    Legg Mason CB has high historical volatility and very poor performance
    The fund retains about 5.51% of its assets under management (AUM) in cash
    Additionally see Investing Opportunities. Please also try Commodity Channel Index module to use commodity channel index to analyze current equity momentum.
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