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

    IE00BYXTY768 -- Ireland Fund  

    USD 112.69  0.35  0.31%

    Legg Mason probability of target price tool provides mechanism to make assumptions about upside and downside potential of Legg Mason MC Eurp Abs Alpha E USD H 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.
    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
     112.69 30 days 112.69  ABOUT 14.25%
    Based on normal probability distribution, the odds of Legg Mason to move above current price in 30 days from now is about 14.25% (This Legg Mason MC Eurp Abs Alpha E USD H 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 Eurp Abs Alpha E USD H Acc has beta of -0.0964 . 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 Eurp Abs Alpha E USD H Acc is likely to outperform the market. Additionally Legg Mason MC Eurp Abs Alpha E USD H Acc has an alpha of 0.0095 implying that it can potentially generate 0.0095% excess return over DOW after adjusting for the inherited market risk (beta).
     Legg Mason Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.009539
    β
    Beta against DOW=0.1
    σ
    Overall volatility
    =57.46
    Ir
    Information ratio =0.55

    Current Sentiment - IE00BYXTY768

    Legg Mason MC Investor Sentiment

    Macroaxis portfolio users are indifferent in their judgment towards investing in Legg Mason MC Eurp Abs Alpha E USD H Acc. What is your trading attitude regarding investing in Legg Mason MC Eurp Abs Alpha E USD H Acc? Are you bullish or bearish?
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    Please also check Risk vs Return Analysis. Please also try Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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