Leggmason Partners Institutional Fund Market Value
| LTFXX Fund | USD 1.00 0.00 0.00% |
| Symbol | Leggmason |
Please note, there is a significant difference between Leggmason Partners' value and its price as these two are different measures arrived at by different means. Investors typically determine if Leggmason Partners is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Leggmason Partners' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Leggmason Partners 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Leggmason Partners' money market fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Leggmason Partners.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Leggmason Partners on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Leggmason Partners Institutional or generate 0.0% return on investment in Leggmason Partners over 30 days. Leggmason Partners is related to or competes with Goldman Sachs, Europac Gold, Fidelity Advisor, Oppenheimer Gold, Sprott Gold, and Great-west Goldman. Leggmason Partners is entity of United States More
Leggmason Partners Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Leggmason Partners' money market fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Leggmason Partners Institutional upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.93) | |||
| Maximum Drawdown | 1.01 |
Leggmason Partners Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Leggmason Partners' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Leggmason Partners' standard deviation. In reality, there are many statistical measures that can use Leggmason Partners historical prices to predict the future Leggmason Partners' volatility.| Risk Adjusted Performance | 0.0427 | |||
| Jensen Alpha | 0.004 | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | 0.4779 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Leggmason Partners' 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.
Leggmason Partners Backtested Returns
At this stage we consider Leggmason Money Market Fund to be not too volatile. Leggmason Partners has Sharpe Ratio of 0.13, which conveys that the entity had a 0.13% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Leggmason Partners, which you can use to evaluate the volatility of the fund. Please verify Leggmason Partners' Risk Adjusted Performance of 0.0427, mean deviation of 0.0301, and Standard Deviation of 0.1243 to check out if the risk estimate we provide is consistent with the expected return of 0.0158%. The fund secures a Beta (Market Risk) of 0.0111, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Leggmason Partners' returns are expected to increase less than the market. However, during the bear market, the loss of holding Leggmason Partners is expected to be smaller as well.
Auto-correlation | 0.00 |
No correlation between past and present
Leggmason Partners Institutional has no correlation between past and present. Overlapping area represents the amount of predictability between Leggmason Partners time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Leggmason Partners price movement. The serial correlation of 0.0 indicates that just 0.0% of current Leggmason Partners price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Leggmason Partners lagged returns against current returns
Autocorrelation, which is Leggmason Partners money market fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Leggmason Partners' money market fund expected returns. We can calculate the autocorrelation of Leggmason Partners returns to help us make a trade decision. For example, suppose you find that Leggmason Partners has exhibited high autocorrelation historically, and you observe that the money market fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Leggmason Partners regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Leggmason Partners money market fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Leggmason Partners money market fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Leggmason Partners money market fund over time.
Current vs Lagged Prices |
| Timeline |
Leggmason Partners Lagged Returns
When evaluating Leggmason Partners' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Leggmason Partners money market fund have on its future price. Leggmason Partners autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Leggmason Partners autocorrelation shows the relationship between Leggmason Partners money market fund current value and its past values and can show if there is a momentum factor associated with investing in Leggmason Partners Institutional.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Leggmason Money Market Fund
Leggmason Partners financial ratios help investors to determine whether Leggmason 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 Leggmason with respect to the benefits of owning Leggmason Partners security.
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