Legg Mason (Ireland) Probability of Target Price Finishing Over

    IE00B56HKL06 -- Ireland Fund  

    USD 194.82  0.34  0.17%

    Legg Mason probability of target price tool provides mechanism to make assumptions about upside and downside potential of Legg Mason RY US Smlr Coms E 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. 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
     194.82 30 days 194.82  ABOUT 16.57%
    Based on normal probability distribution, the odds of Legg Mason to move above current price in 30 days from now is about 16.57% (This Legg Mason RY US Smlr Coms E 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 RY US Smlr Coms E Acc has beta of -0.3014 . 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 RY US Smlr Coms E Acc is likely to outperform the market. Additionally Legg Mason RY US Smlr Coms E Acc 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
    =0.22
    β
    Beta against DOW=0.3
    σ
    Overall volatility
    =102.18
    Ir
    Information ratio =0.27

    Legg Mason Alerts

    Legg Mason Alerts and Suggestions
    The fund retains 91.42% of its assets under management (AUM) in equities
    Please also check Risk vs Return Analysis. Please also try Cryptocurrency Arbitrage module to find pairs of digital assets on multiple exchanges that are traded at a risk free arbitrage.
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