Legg Mason (Ireland) Probability of Target Price Finishing Over

    IE00BHBFD473 -- Ireland Fund  

    USD 105.46  0.46  0.44%

    Legg Mason probability of target price tool provides mechanism to make assumptions about upside and downside potential of Legg Mason WA Macro Opps Bd E 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
     105.46 30 days 105.46  ABOUT 22.09%
    Based on normal probability distribution, the odds of Legg Mason to move above current price in 30 days from now is about 22.09% (This Legg Mason WA Macro Opps Bd E 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 Macro Opps Bd E has beta of -0.0708 . 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 Macro Opps Bd E is likely to outperform the market. Additionally Legg Mason WA Macro Opps Bd E has an alpha of 0.0041 implying that it can potentially generate 0.0041% excess return over DOW after adjusting for the inherited market risk (beta).
     Legg Mason Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.004113
    β
    Beta against DOW=0.07
    σ
    Overall volatility
    =56.49
    Ir
    Information ratio =0.34

    Legg Mason Alerts

    Legg Mason Alerts and Suggestions
    The fund retains about 65.54% of its assets under management (AUM) in cash
    Please also check Risk vs Return Analysis. Please also try Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.