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

    IE00BHBFD473 -- Ireland Fund  

    USD 102.95  0.66  0.64%

    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.
    Horizon     30 Days    Login   to change
    Symbol:
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    Legg Mason Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     102.95 30 days 102.95  ABOUT 19.25%
    Based on normal probability distribution, the odds of Legg Mason to move above current price in 30 days from now is about 19.25% (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 -0.1871 . 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 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 
          Price 
    α
    Alpha over DOW
    =0.24
    β
    Beta against DOW=0.19
    σ
    Overall volatility
    =55.78
    Ir
    Information ratio =0.19

    Legg Mason Alerts

    Legg Mason Alerts and Suggestions

    Legg Mason WA is not yet fully synchronised with the market data
    The fund retains about 65.54% of its assets under management (AUM) in cash
    Please also check Risk vs Return Analysis. Please also try Cryptocurrency Correlation module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins and exchanges.
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