Legg Mason (Ireland) Probability of Target Price Finishing Over

    IE00BZ1NPT63 -- Ireland Fund  

    GBp 15,246  85.00  0.56%

    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.
     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
     15,246 30 days 15,246  NEARLY 4.29%
    Based on normal probability distribution, the odds of Legg Mason to move above current price in 30 days from now is nearly 4.29% (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, the fund has beta coefficient of 95.0 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are expected to be negative, Legg Mason will likely underperform. In addition to that Legg Mason CB US Eq SL X GBP Acc has an alpha of 912.5369 implying that it can potentially generate 912.5369% excess return over DOW after adjusting for the inherited market risk (beta).
     Legg Mason Price Density 
    Current Price   Target Price   
    Alpha over DOW
    Beta against DOW=95.00
    Overall volatility
    Information ratio =0.31

    Legg Mason Alerts

    Legg Mason Alerts and Suggestions
    The fund retains about 31.73% of its assets under management (AUM) in cash
    Please also check Risk vs Return Analysis. Please also try Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.