Legg Mason Mutual Fund Forecast - Daily Balance Of Power
| LGOCX Fund | USD 8.27 0.02 0.24% |
Legg Mutual Fund Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Legg Mason stock prices and determine the direction of Legg Mason Bw's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Legg Mason's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Legg Mason to cross-verify your projections. Legg |
Most investors in Legg Mason cannot accurately predict what will happen the next trading day because, historically, fund markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Legg Mason's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Legg Mason's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of Legg Mason Bw market sensitivity to bulls and bears. It estimates the ability of Legg Mason buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Legg Mason Balance of Power indicator one can determine a trend of the price direction.| Check Legg Mason Volatility | Backtest Legg Mason | Information Ratio |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
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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 Mutual 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
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Legg Mason mutual fund to make a market-neutral strategy. Peer analysis of Legg Mason could also be used in its relative valuation, which is a method of valuing Legg Mason by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Legg Mason Bw Technical and Predictive Analytics
The mutual 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.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Legg Mason Market Strength Events
Market strength indicators help investors to evaluate how Legg Mason mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Legg Mason shares will generate the highest return on investment. By undertsting and applying Legg Mason mutual fund market strength indicators, traders can identify Legg Mason Bw entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 8.27 | |||
| Day Typical Price | 8.27 | |||
| Price Action Indicator | 0.01 | |||
| Period Momentum Indicator | 0.02 |
Legg Mason Risk Indicators
The analysis of Legg Mason'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 Legg Mason's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting legg mutual 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 | 0.4454 | |||
| Standard Deviation | 0.6084 | |||
| Variance | 0.3701 |
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.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Legg Mason to cross-verify your projections. Note that the Legg Mason Bw information on this page should be used as a complementary analysis to other Legg Mason'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 AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.