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

    IE00B4Y6FH34 -- Ireland Fund  

     101.55  0.14  0.14%

    Legg Mason probability of target price tool provides mechanism to make assumptions about upside and downside potential of Legg Mason WA Glb Ble Chp Bd B USD Inc M 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.
    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
     101.55 30 days 101.55  ABOUT 1.64%
    Based on normal probability distribution, the odds of Legg Mason to move above current price in 30 days from now is about 1.64% (This Legg Mason WA Glb Ble Chp Bd B USD Inc M 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 WA Glb Ble Chp Bd B USD Inc M has beta of -0.0262 . This indicates 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 WA Glb Ble Chp Bd B USD Inc M is likely to outperform the market. Additionally Legg Mason WA Glb Ble Chp Bd B USD Inc M has an alpha of 0.0364 implying that it can potentially generate 0.0364% excess return over DOW after adjusting for the inherited market risk (beta).
     Legg Mason Price Density 
          Price 
    α
    Alpha over DOW
    =0.036392
    β
    Beta against DOW=0.03
    σ
    Overall volatility
    =39.64
    Ir
    Information ratio =0.69

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    Legg Mason WA is not yet fully synchronised with the market data
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