|Horizon||30 Days Login to change|
Legg Mason Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds 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
|Alpha over DOW||=||0.05|
|Beta against DOW||=||0.0016|