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

    IE00BD5V0L96 -- Ireland Fund  

    CAD 117.77  1.88  1.57%

    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.
    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
     117.77 30 days 117.77  ABOUT 36.22%
    Based on normal probability distribution, the odds of Legg Mason to move above current price in 30 days from now is about 36.22% (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 BW Global Hi Yld S CAD H Acc has beta of -0.0336 . 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 BW Global Hi Yld S CAD H Acc is likely to outperform the market. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. Legg Mason BW is significantly underperforming DOW.
     Legg Mason Price Density 
          Price 
    α
    Alpha over DOW
    =0.02
    β
    Beta against DOW=0.03
    σ
    Overall volatility
    =48.08
    Ir
    Information ratio =0.03

    Legg Mason Alerts and Suggestions

    Legg Mason BW is not yet fully synchronised with the market data
    The fund retains about 52.26% of its assets under management (AUM) in cash

    Legg MasonPrice Density Drivers

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