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

    IE00BYXTYB06 -- Ireland Fund  

    USD 115.01  0.17  0.15%

    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 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
     115.01 30 days 115.01  ROUGHLY 2.38%
    Based on normal probability distribution, the odds of Legg Mason to move above current price in 30 days from now is roughly 2.38% (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 -0.4259 . 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
    =0.05
    β
    Beta against DOW=0.43
    σ
    Overall volatility
    =47.10
    Ir
    Information ratio =0.32

    Current Sentiment - IE00BYXTYB06

    Legg Mason MC Investor Sentiment

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