Legg Mason (Ireland) Probability of Target Price Finishing Over

    IE00B2Q1FJ45 -- Ireland Fund  

    SGD 0.83  0.00  0.00%

    Legg Mason probability of target price tool provides mechanism to make assumptions about upside and downside potential of Legg Mason WA Asian Opp A Inc Hg S 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. Please also check Risk vs Return Analysis.
     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
     0.83 30 days 0.83  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 WA Asian Opp A Inc Hg S 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 0.2595 . This indicates 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 WA Asian Opp A Inc Hg S will be expected to be much smaller as well. Additionally Legg Mason WA Asian Opp A Inc Hg S has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
     Legg Mason Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.36
    β
    Beta against DOW=0.26
    σ
    Overall volatility
    =0.022541
    Ir
    Information ratio =0.78

    Legg Mason Alerts

    Legg Mason Alerts and Suggestions
    Legg Mason WA generates negative expected return over the last 30 days
    Legg Mason WA has some characteristics of a very speculative penny stock
    On June 18, 2018 Legg Mason paid S$ 0.0031 per share dividend to its current shareholders
    The fund retains about 32.56% of its assets under management (AUM) in cash

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