Legg Mason Fund Forecast - Triple Exponential Smoothing

Triple exponential smoothing for Legg Mason - also known as the Winters method - is a refinement of the popular double exponential smoothing model with the addition of periodicity (seasonality) component. Simple exponential smoothing technique works best with data where there are no trend or seasonality components to the data. When Legg Mason prices exhibit either an increasing or decreasing trend over time, simple exponential smoothing forecasts tend to lag behind observations. Double exponential smoothing is designed to address this type of data series by taking into account any trend in Legg Mason price movement. However, neither of these exponential smoothing models address any seasonality of Legg Mason Partners.

Legg Mason Triple Exponential Smoothing Price Forecast For the 26th of November

Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Legg Mason Partners on the next trading day is expected to be 14.37 with a mean absolute deviation of 0.07, mean absolute percentage error of 0.01, and the sum of the absolute errors of 3.88.

Legg Mason Fund Forecast Pattern

Legg Mason Forecasted Value

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Triple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Legg Mason fund data series using in forecasting. Note that when a statistical model is used to represent Legg Mason fund, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality. As with simple exponential smoothing, in triple exponential smoothing models past Legg Mason observations are given exponentially smaller weights as the observations get older. In other words, recent observations are given relatively more weight in forecasting than the older Legg Mason Partners observations.

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 fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the 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.

Hype Prediction Low Estimated High 13.82 14.33 14.84 Details

Intrinsic Valuation Low Real High 13.73 14.24 14.75 Details

Bollinger Band Projection (param) Low Middle High 14.12 14.28 14.43 Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Legg Mason. Your research has to be compared to or analyzed against Legg Mason's peers to derive any actionable benefits. When done correctly, Legg Mason's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Legg Mason Partners.

Other Forecasting Options for Legg Mason

For every potential investor in Legg, whether a beginner or expert, Legg Mason's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Legg Fund price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Legg. Basic forecasting techniques help filter out the noise by identifying Legg Mason's price trends.

Legg Mason Related Equities

Risk & Return

Correlation

Legg Mason Partners Technical and Predictive Analytics

The fund market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Legg Mason's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Legg Mason's current price.

Legg Mason Market Strength Events

Legg Mason Risk Indicators

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 Legg Fund