Western Asset Municipal Probability of Future Fund Price Finishing Under 11.37
| MNPDelisted Fund | USD 11.84 0.00 0.00% |
Western |
Western Asset Target Price Odds to finish below 11.37
The tendency of Western 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 drop to $ 11.37 or more in 90 days |
| 11.84 | 90 days | 11.37 | about 1.79 |
Based on a normal probability distribution, the odds of Western Asset to drop to $ 11.37 or more in 90 days from now is about 1.79 (This Western Asset Municipal probability density function shows the probability of Western Fund to fall within a particular range of prices over 90 days) . Probability of Western Asset Municipal price to stay between $ 11.37 and its current price of $11.84 at the end of the 90-day period is about 91.91 .
Considering the 90-day investment horizon Western Asset Municipal has a beta of -0.0463. This indicates as returns on the benchmark increase, returns on holding Western Asset are expected to decrease at a much lower rate. During a bear market, however, Western Asset Municipal is likely to outperform the market. Additionally Western Asset Municipal has an alpha of 0.0035, implying that it can generate a 0.003471 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Western Asset Price Density |
| Price |
Predictive Modules for Western Asset
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Western Asset Municipal. 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.Western Asset Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Western Asset is not an exception. The market had few large corrections towards the Western Asset'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 Western Asset Municipal, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Western Asset within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0 | |
β | Beta against Dow Jones | -0.05 | |
σ | Overall volatility | 0.13 | |
Ir | Information ratio | -0.27 |
Western Asset 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 Western Asset for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Western Asset Municipal can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Western Asset is not yet fully synchronised with the market data | |
| Western Asset has a very high chance of going through financial distress in the upcoming years |
Western Asset Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Western Fund often depends not only on the future outlook of the current and potential Western Asset's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Western Asset's indicators that are reflective of the short sentiment are summarized in the table below.
| Shares Percent Shares Out | 0.03% | |
| Trailing Annual Dividend Rate | 0.57 | |
| Shares Short Prior Month | 2.54k | |
| Average Daily Volume Last 10 Day | 54.05k | |
| Average Daily Volume In Three Month | 36.69k | |
| Date Short Interest | 14th of October 2022 | |
| Trailing Annual Dividend Yield | 4.66% |
Western Asset Technical Analysis
Western Asset's future price can be derived by breaking down and analyzing its technical indicators over time. Western Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Western Asset Municipal. In general, you should focus on analyzing Western Fund price patterns and their correlations with different microeconomic environments and drivers.
Western Asset Predictive Forecast Models
Western Asset's time-series forecasting models is one of many Western Asset's 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 Western Asset'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 fund market movement and maximize returns from investment trading.
Things to note about Western Asset Municipal
Checking the ongoing alerts about Western Asset for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Western Asset Municipal help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Western Asset is not yet fully synchronised with the market data | |
| Western Asset has a very high chance of going through financial distress in the upcoming years |
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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
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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