Legg Mason (Ireland) Probability of Target Price Finishing Over

IE00BYXTYB06 -- Ireland Fund  

USD 116.81  1.92  1.62%

Legg Mason probability of target price tool provides mechanism to make assumptions about upside and downside potential of Legg Mason MC Jpn Abs Alpha A USD 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 Legg Mason Backtesting, Portfolio Optimization, Legg Mason Correlation, Legg Mason Hype Analysis, Legg Mason Volatility, Legg Mason History as well as Legg Mason Performance.
 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
 116.81 30 days 116.81  ABOUT 13.91%
Based on normal probability distribution, the odds of Legg Mason to move above current price in 30 days from now is about 13.91% (This Legg Mason MC Jpn Abs Alpha A USD 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 Jpn Abs Alpha A USD Acc has beta of -0.2525 . 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 A USD Acc is likely to outperform the market. Additionally Legg Mason MC Jpn Abs Alpha A USD Acc 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 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.27
β
Beta against DOW=0.25
σ
Overall volatility
=61.57
Ir
Information ratio =0.53

Legg Mason Alerts

Legg Mason Alerts and Suggestions
Legg Mason MC generates negative expected return over the last 30 days
Please also check Legg Mason Backtesting, Portfolio Optimization, Legg Mason Correlation, Legg Mason Hype Analysis, Legg Mason Volatility, Legg Mason History as well as Legg Mason Performance. Please also try Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.