Legg Mason (Ireland) Probability of Target Price Finishing Over

F00000WKPF -- Ireland Fund  

USD 147.52  0.88  0.60%

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.
 Time 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
 147.52 30 days 147.52  ABOUT 17.73%
Based on normal probability distribution, the odds of Legg Mason to move above current price in 30 days from now is about 17.73% (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 has beta of 0.0046 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 CB US Lg Cp Gr F USD will be expected to be much smaller as well. Additionally Legg Mason CB US Lg Cp Gr F USD has an alpha of 0.9913 implying that it can potentially generate 0.9913% excess return over DOW after adjusting for the inherited market risk (beta).
 Legg Mason Price Density 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.99
β
Beta against DOW=0.0046
σ
Overall volatility
=44.35
Ir
Information ratio =0.29

Legg Mason Alerts

Legg Mason Alerts and Suggestions
The fund retains about 5.51% of its assets under management (AUM) in cash
Additionally see Investing Opportunities. Please also try Money Managers module to screen money managers from public funds and etfs managed around the world.