LEGG MASON INC Market Value
| 524901AV7 | 99.30 0.25 0.25% |
| Symbol | 524901AV7 |
524901AV7 '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 524901AV7's bond 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 524901AV7.
| 04/14/2024 |
| 05/14/2024 |
If you would invest 0.00 in 524901AV7 on April 14, 2024 and sell it all today you would earn a total of 0.00 from holding LEGG MASON INC or generate 0.0% return on investment in 524901AV7 over 30 days. 524901AV7 is related to or competes with Cumberland Pharmaceuticals, American Electric, Valneva SE, Kinetik Holdings, Merit Medical, Nextera Energy, and CenterPoint Energy. More
524901AV7 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 524901AV7's bond 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 LEGG MASON INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 2.66 | |||
| Value At Risk | (0.47) | |||
| Potential Upside | 0.3614 |
524901AV7 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 524901AV7's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 524901AV7's standard deviation. In reality, there are many statistical measures that can use 524901AV7 historical prices to predict the future 524901AV7's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (0.32) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 524901AV7'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 INC Backtested Returns
LEGG MASON INC secures Sharpe Ratio (or Efficiency) of -0.0068, which signifies that the bond had a -0.0068% return per unit of price deviation over the last 3 months. LEGG MASON INC exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 524901AV7's mean deviation of 0.2402, and Information Ratio of (0.22) to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.0399, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 524901AV7's returns are expected to increase less than the market. However, during the bear market, the loss of holding 524901AV7 is expected to be smaller as well.
Auto-correlation | 0.11 |
Insignificant predictability
LEGG MASON INC has insignificant predictability. Overlapping area represents the amount of predictability between 524901AV7 time series from 14th of April 2024 to 29th of April 2024 and 29th of April 2024 to 14th of May 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 LEGG MASON INC price movement. The serial correlation of 0.11 indicates that less than 11.0% of current 524901AV7 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
LEGG MASON INC lagged returns against current returns
Autocorrelation, which is 524901AV7 bond'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 524901AV7's bond expected returns. We can calculate the autocorrelation of 524901AV7 returns to help us make a trade decision. For example, suppose you find that 524901AV7 has exhibited high autocorrelation historically, and you observe that the bond 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 |
524901AV7 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 524901AV7 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 524901AV7 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 524901AV7 bond over time.
Current vs Lagged Prices |
| Timeline |
524901AV7 Lagged Returns
When evaluating 524901AV7's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 524901AV7 bond have on its future price. 524901AV7 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, 524901AV7 autocorrelation shows the relationship between 524901AV7 bond current value and its past values and can show if there is a momentum factor associated with investing in LEGG MASON INC.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards 524901AV7 in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, 524901AV7's short interest history, or implied volatility extrapolated from 524901AV7 options trading.
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.Check out 524901AV7 Correlation, 524901AV7 Volatility and 524901AV7 Alpha and Beta module to complement your research on 524901AV7. Note that the LEGG MASON INC information on this page should be used as a complementary analysis to other 524901AV7's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
524901AV7 technical bond analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, bond market cycles, or different charting patterns.