Western Asset Municipal Fund Price Prediction

MHF Fund  USD 6.92  0.08  1.17%   
The relative strength index (RSI) of Western Asset's the fund price is roughly 68. This indicates that the fund is rather overbought by investors as of 17th of April 2024. The main point of the Relative Strength Index (RSI) is to track how fast people are buying or selling Western, making its price go up or down.

Oversold Vs Overbought

68

 
Oversold
 
Overbought
Western Asset Municipal fund price prediction is an act of determining the future value of Western Asset shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. The successful prediction of Western Asset's future price could yield a significant profit. Please, note that this module is not intended to be used solely to calculate an intrinsic value of Western Asset and does not consider all of the tangible or intangible factors available from Western Asset's fundamental data. We analyze noise-free headlines and recent hype associated with Western Asset Municipal, which may create opportunities for some arbitrage if properly timed.
It is a matter of debate whether fund price prediction based on information in financial news can generate a strong buy or sell signal. We use our internally-built news screening methodology to estimate the value of Western Asset based on different types of headlines from major news networks to social media. The Western price prediction module provides an analysis of price elasticity to changes in media outlook on Western Asset over a specific investment horizon. Using Western Asset hype-based prediction, you can estimate the value of Western Asset Municipal from the perspective of Western Asset response to recently generated media hype and the effects of current headlines on its competitors.
This module is based on analyzing investor sentiment around taking a position in Western Asset. This speculative approach is based exclusively on the idea that markets are driven by emotions such as investor fear and greed. The fear of missing out, i.e., FOMO, can cause potential investors in Western Asset to buy its fund at a price that has no basis in reality. In that case, they are not buying Western because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell funds at prices well below their value during bear markets because they need to stop feeling the pain of losing money.

Western Asset after-hype prediction price

    
  USD 6.92  
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as fund price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
  
Check out Western Asset Basic Forecasting Models to cross-verify your projections.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Western Asset'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.
Intrinsic
Valuation
LowRealHigh
6.386.857.32
Details
Naive
Forecast
LowNextHigh
6.376.847.31
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
6.636.756.87
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Western Asset. Your research has to be compared to or analyzed against Western Asset's peers to derive any actionable benefits. When done correctly, Western Asset'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 Western Asset Municipal.

Western Asset After-Hype Price Prediction Density Analysis

As far as predicting the price of Western Asset at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Western Asset or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Fund prices, such as prices of Western Asset, with the unreliable approximations that try to describe financial returns.
   Next price density   
       Expected price to next headline  

Western Asset Estimiated After-Hype Price Volatility

In the context of predicting Western Asset's fund value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Western Asset's historical news coverage. Western Asset's after-hype downside and upside margins for the prediction period are 6.45 and 7.39, respectively. We have considered Western Asset's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
6.92
6.92
After-hype Price
7.39
Upside
Western Asset is very steady at this time. Analysis and calculation of next after-hype price of Western Asset Municipal is based on 3 months time horizon.

Western Asset Fund Price Prediction Analysis

Have you ever been surprised when a price of a Fund such as Western Asset is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Western Asset backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Fund price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Western Asset, there might be something going there, and it might present an excellent short sale opportunity.
Expected ReturnPeriod VolatilityHype ElasticityRelated ElasticityNews DensityRelated DensityExpected Hype
  0.15 
0.47
 0.00  
 0.00  
0 Events / Month
1 Events / Month
Uncertain
Latest traded priceExpected after-news pricePotential return on next major newsAverage after-hype volatility
6.92
6.92
0.00 
0.00  
Notes

Western Asset Hype Timeline

On the 17th of April 2024 Western Asset Municipal is traded for 6.92. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Western is forecasted not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is forecasted to be very small, whereas the daily expected return is now at 0.15%. %. The volatility of related hype on Western Asset is about 75200.0%, with the expected price after the next announcement by competition of 6.92. About 18.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 0.84. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Western Asset Municipal last dividend was issued on the 21st of November 2022. Considering the 90-day investment horizon the next forecasted press release will be uncertain.
Check out Western Asset Basic Forecasting Models to cross-verify your projections.

Western Asset Related Hype Analysis

Having access to credible news sources related to Western Asset's direct competition is more important than ever and may enhance your ability to predict Western Asset's future price movements. Getting to know how Western Asset's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Western Asset may potentially react to the hype associated with one of its peers.
Hype
Elasticity
News
Density
Semi
Deviation
Information
Ratio
Potential
Upside
Value
At Risk
Maximum
Drawdown
MMUWestern Asset Managed 0.00 0 per month 0.61 (0.04) 0.91 (0.99) 2.66 
MUEBlackrock Muniholdings Quality 0.00 0 per month 0.53 (0.07) 0.70 (0.81) 2.83 
DTFDTF Tax Free 0.00 0 per month 0.36 (0.1) 0.85 (0.66) 2.33 
JHSJohn Hancock Income 0.00 0 per month 0.00 (0.10) 0.65 (0.83) 3.08 
NXNNuveen New York 0.00 0 per month 0.59 (0.07) 0.85 (0.85) 4.54 
NMTNuveen Massachusetts Quality 0.00 0 per month 0.47 (0.06) 0.66 (0.85) 1.80 
FRRPFFiera Capital 0.00 0 per month 1.62  0.11  3.53 (2.96) 12.99 
EEAEuropean Equity Closed 0.00 0 per month 0.72 (0.03) 1.11 (1.05) 3.78 
CMUMFS High Yield 0.00 0 per month 0.44 (0.1) 0.92 (0.91) 2.16 
CXHMFS Investment Grade(0.04)4 per month 0.00 (0.15) 0.67 (0.93) 2.42 
MFMMFS Municipal Income 0.00 0 per month 0.59 (0.05) 1.34 (0.97) 2.88 
MGFMFS Government Markets 0.00 0 per month 0.00 (0.09) 0.96 (0.98) 4.50 
CXEMFS High Income 0.00 0 per month 0.00 (0.09) 0.86 (1.13) 3.07 
CBHAllianzGI Convertible Income 0.05 6 per month 0.38 (0.09) 0.58 (0.79) 1.96 
EOTEaton Vance National 0.00 0 per month 0.53 (0.1) 0.78 (0.89) 2.56 
IHTAInvesco High Income 0.00 0 per month 0.48  0.06  0.94 (0.53) 3.46 

Western Asset Additional Predictive Modules

Most predictive techniques to examine Western price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Western using various technical indicators. When you analyze Western charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Western Asset Predictive Indicators

The successful prediction of Western Asset stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Western Asset Municipal, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Western Asset based on analysis of Western Asset hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Western Asset's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Western Asset's related companies.

Story Coverage note for Western Asset

The number of cover stories for Western Asset depends on current market conditions and Western Asset's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Western Asset is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Western Asset's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.

Other Macroaxis Stories

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Check out Western Asset Basic Forecasting Models to cross-verify your projections.
Note that the Western Asset Municipal information on this page should be used as a complementary analysis to other Western Asset'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 Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Please note, there is a significant difference between Western Asset's value and its price as these two are different measures arrived at by different means. Investors typically determine if Western Asset is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Western Asset's 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.