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

    F00000X2II -- Ireland Fund  

    USD 105.77  0.18  0.17%

    Legg Mason probability of target price tool provides mechanism to make assumptions about upside and downside potential of Legg Mason MC Eurp Abs Alpha F USD H Acc 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
     105.77 30 days 105.77  MORE THAN 94.0%
    Based on normal probability distribution, the odds of Legg Mason to move above current price in 30 days from now is more than 94.0% (This Legg Mason MC Eurp Abs Alpha F USD H Acc 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 MC Eurp Abs Alpha F USD H Acc has beta of -0.0346 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 MC Eurp Abs Alpha F USD H Acc is likely to outperform the market. Additionally The company has an alpha of 0.0667 implying that it can potentially generate 0.0667% excess return over DOW after adjusting for the inherited market risk (beta).
     Legg Mason Price Density 
          Price 
    α
    Alpha over DOW
    =0.07
    β
    Beta against DOW=0.03
    σ
    Overall volatility
    =2.51
    Ir
    Information ratio =0.19

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