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

    IE00BZ1NPT63 -- Ireland Fund  

    GBp 16,125  492.00  2.96%

    Legg Mason probability of target price tool provides mechanism to make assumptions about upside and downside potential of Legg Mason CB US Eq SL X GBP 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
     16,125 30 days 16,125  NEAR 1%
    Based on normal probability distribution, the odds of Legg Mason to move above current price in 30 days from now is near 1% (This Legg Mason CB US Eq SL X GBP 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 CB US Eq SL X GBP Acc has beta of -0.4397 . 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 CB US Eq SL X GBP Acc is likely to outperform the market. Additionally Legg Mason CB US Eq SL X GBP 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
    =4.74
    β
    Beta against DOW=0.44
    σ
    Overall volatility
    =5,081
    Ir
    Information ratio =0.22

    Legg Mason Alerts

    Legg Mason Alerts and Suggestions

    Legg Mason CB is not yet fully synchronised with the market data
    Legg Mason CB generates negative expected return over the last 30 days
    The fund retains about 31.73% of its assets under management (AUM) in cash

    Price Density Drivers

    Legg Mason Health Indicators

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