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

    IE00BYWVKJ76 -- Ireland Fund  

    USD 12.67  0.06  0.47%

    Legg Mason probability of target price tool provides mechanism to make assumptions about upside and downside potential of Legg Mason MC Jpn Abs Alpha M USD H 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
     12.67 30 days 12.67  ABOUT 14.41%
    Based on normal probability distribution, the odds of Legg Mason to move above current price in 30 days from now is about 14.41% (This Legg Mason MC Jpn Abs Alpha M USD H 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 Jpn Abs Alpha M USD H has beta of -0.0016 . 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 Jpn Abs Alpha M USD H is likely to outperform the market. Additionally Legg Mason MC Jpn Abs Alpha M USD H 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
    =0.05
    β
    Beta against DOW=0.0016
    σ
    Overall volatility
    =6.86
    Ir
    Information ratio =0.22

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    Legg Mason MC is not yet fully synchronised with the market data

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    Please also check Risk vs Return Analysis. Please also try Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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