Legg Mason (Ireland) Probability of Target Price Finishing Over

    IE00BD5V0L96 -- Ireland Fund  

    CAD 122.43  0.34  0.28%

    Legg Mason probability of target price tool provides mechanism to make assumptions about upside and downside potential of Legg Mason BW Global Hi Yld S CAD 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. 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
     122.43 30 days 122.43  ABOUT 32.55%
    Based on normal probability distribution, the odds of Legg Mason to move above current price in 30 days from now is about 32.55% (This Legg Mason BW Global Hi Yld S CAD 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 has beta of 0.1546 . 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 BW Global Hi Yld S CAD H Acc will be expected to be much smaller as well. Additionally Legg Mason BW Global Hi Yld S CAD H 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
    =0.05
    β
    Beta against DOW=0.15
    σ
    Overall volatility
    =48.49
    Ir
    Information ratio =0.22

    Legg Mason Alerts

    Legg Mason Alerts and Suggestions
    The fund retains about 52.26% of its assets under management (AUM) in cash
    Please also check Risk vs Return Analysis. Please also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.