Legg Mason Bw Fund Probability of Future Mutual Fund Price Finishing Under 7.38
| GOBAX Fund | USD 8.52 0.03 0.35% |
Legg |
Legg Mason Target Price Odds to finish below 7.38
The tendency of Legg Mutual Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 7.38 or more in 90 days |
| 8.52 | 90 days | 7.38 | near 1 |
Based on a normal probability distribution, the odds of Legg Mason to drop to $ 7.38 or more in 90 days from now is near 1 (This Legg Mason Bw probability density function shows the probability of Legg Mutual Fund to fall within a particular range of prices over 90 days) . Probability of Legg Mason Bw price to stay between $ 7.38 and its current price of $8.52 at the end of the 90-day period is about 12.29 .
Assuming the 90 days horizon Legg Mason Bw has a beta of -0.0198. This usually indicates as returns on the benchmark increase, returns on holding Legg Mason are expected to decrease at a much lower rate. During a bear market, however, Legg Mason Bw is likely to outperform the market. Additionally Legg Mason Bw has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Legg Mason Price Density |
| Price |
Predictive Modules for Legg Mason
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Legg Mason Bw. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Legg Mason Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Legg Mason is not an exception. The market had few large corrections towards the Legg Mason's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Legg Mason Bw, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Legg Mason within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.12 | |
β | Beta against Dow Jones | -0.02 | |
σ | Overall volatility | 0.25 | |
Ir | Information ratio | -0.52 |
Legg Mason Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Legg Mason for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Legg Mason Bw can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Legg Mason Bw generated a negative expected return over the last 90 days | |
| Legg Mason Bw generated five year return of -2.0% | |
| This fund retains about 51.3% of its assets under management (AUM) in fixed income securities |
Legg Mason Technical Analysis
Legg Mason's future price can be derived by breaking down and analyzing its technical indicators over time. Legg Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Legg Mason Bw. In general, you should focus on analyzing Legg Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
Legg Mason Predictive Forecast Models
Legg Mason's time-series forecasting models is one of many Legg Mason's mutual fund analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Legg Mason's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the mutual fund market movement and maximize returns from investment trading.
Things to note about Legg Mason Bw
Checking the ongoing alerts about Legg Mason for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Legg Mason Bw help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Legg Mason Bw generated a negative expected return over the last 90 days | |
| Legg Mason Bw generated five year return of -2.0% | |
| This fund retains about 51.3% of its assets under management (AUM) in fixed income securities |
Other Information on Investing in Legg Mutual Fund
Legg Mason financial ratios help investors to determine whether Legg Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Legg with respect to the benefits of owning Legg Mason security.
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account |