Legg Mason Partners Fund Probability of Future Money Market Fund Price Finishing Over 1.00
| SMGXX Fund | USD 1.00 0.00 0.00% |
Legg |
Legg Mason Target Price Odds to finish over 1.00
The tendency of Legg Money Market 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 move above the current price in 90 days |
| 1.00 | 90 days | 1.00 | about 50.0 |
Based on a normal probability distribution, the odds of Legg Mason to move above the current price in 90 days from now is about 50.0 (This Legg Mason Partners probability density function shows the probability of Legg Money Market Fund to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon Legg Mason Partners has a beta of -0.0437. This usually implies 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 Partners is likely to outperform the market. Additionally Legg Mason Partners has an alpha of 0.0109, implying that it can generate a 0.0109 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). 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 Partners. Regardless of method or technology, however, to accurately forecast the money market fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the money market 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Legg Mason's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
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 Partners, 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 | 0.01 | |
β | Beta against Dow Jones | -0.04 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | -0.98 |
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 Partners 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 Partners generated a negative expected return over the last 90 days | |
| Legg Mason Partners has some characteristics of a very speculative penny stock | |
| The fund maintains all of the assets in different exotic instruments |
Legg Mason Technical Analysis
Legg Mason's future price can be derived by breaking down and analyzing its technical indicators over time. Legg Money Market 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 Partners. In general, you should focus on analyzing Legg Money Market 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 money market 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 money market fund market movement and maximize returns from investment trading.
Things to note about Legg Mason Partners
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 Partners help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Legg Mason Partners generated a negative expected return over the last 90 days | |
| Legg Mason Partners has some characteristics of a very speculative penny stock | |
| The fund maintains all of the assets in different exotic instruments |
Other Information on Investing in Legg Money Market Fund
Legg Mason financial ratios help investors to determine whether Legg Money Market 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.
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