Legg Mason (Ireland) Probability of Target Price Finishing Over

IE00BDCRQ675 -- Ireland Fund  

USD 126.65  10.28  7.51%

Legg Mason probability of target price tool provides mechanism to make assumptions about upside and downside potential of Legg Mason MC Asia Lg Trm Uncons F 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
 126.65 30 days 126.65  CLOSE TO 99%
Based on normal probability distribution, the odds of Legg Mason to move above current price in 30 days from now is close to 99% (This Legg Mason MC Asia Lg Trm Uncons F 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 MC Asia Lg Trm Uncons F Acc has beta of -0.5927 . 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 MC Asia Lg Trm Uncons F Acc is likely to outperform the market. Additionally Legg Mason MC Asia Lg Trm Uncons F Acc has an alpha of 0.1265 implying that it can potentially generate 0.1265% excess return over DOW after adjusting for the inherited market risk (beta).
 Legg Mason Price Density 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.13
β
Beta against DOW=0.59
σ
Overall volatility
=1.83
Ir
Information ratio =0.06

Legg Mason Alerts

Legg Mason Alerts and Suggestions
Legg Mason MC generates negative expected return over the last 30 days
Please also check Risk vs Return Analysis. Please also try Money Managers module to screen money managers from public funds and etfs managed around the world.