Western Asset Fund Forecast - Price Action Indicator
| MNPDelisted Fund | USD 11.84 0.00 0.00% |
Western Fund Forecast is based on your current time horizon.
Western |
| Previous Price Action Indicator | Price Action Indicator | Trend |
| (0.04) | (0.04) |
| Check Western Asset Volatility | Backtest Western Asset | Information Ratio |
Western Asset Trading Date Momentum
| On November 29 2024 Western Asset Municipal was traded for 11.84 at the closing time. Highest Western Asset's price during the trading hours was 11.91 and the lowest price during the day was 11.84 . There was no trading activity during the period 0.0. Lack of trading volume on the 29th of November had no short-term effect on price fluctuation. The trading price change to current price is 0.00% . |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
Compare Western Asset to competition
View Western Asset Related Equities
| Risk & Return | Correlation |
Western Asset Market Strength Events
Market strength indicators help investors to evaluate how Western Asset fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Western Asset shares will generate the highest return on investment. By undertsting and applying Western Asset fund market strength indicators, traders can identify Western Asset Municipal entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0059 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 11.88 | |||
| Day Typical Price | 11.86 | |||
| Market Facilitation Index | 0.07 | |||
| Price Action Indicator | (0.04) | |||
| Relative Strength Index | 60.8 |
Western Asset Risk Indicators
The analysis of Western Asset's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Western Asset's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting western fund prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.3736 | |||
| Semi Deviation | 0.5558 | |||
| Standard Deviation | 0.4827 | |||
| Variance | 0.233 | |||
| Downside Variance | 0.3674 | |||
| Semi Variance | 0.3089 | |||
| Expected Short fall | (0.35) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Western Asset
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Western Asset position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Western Asset will appreciate offsetting losses from the drop in the long position's value.Moving against Western Fund
| 0.7 | NHS | Neuberger Berman High | PairCorr |
| 0.49 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.41 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.38 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.33 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
The ability to find closely correlated positions to Western Asset could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Western Asset when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Western Asset - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Western Asset Municipal to buy it.
The correlation of Western Asset is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Western Asset moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Western Asset Municipal moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Western Asset can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Other Consideration for investing in Western Fund
If you are still planning to invest in Western Asset Municipal check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Western Asset's history and understand the potential risks before investing.
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