Western Asset Stock Forward View - Triple Exponential Smoothing
| WDI Stock | USD 13.32 -0.24 -1.77% |
The Triple Exponential Smoothing forecast reference data for Western Asset Diversified is based on the equity's recent trading history. This page summarizes the model output and key accuracy metrics for reference.
The Triple Exponential Smoothing forecasted value of Western Asset Diversified on the next trading day is projected to be 13.29 with a mean absolute deviation of 0.06 and the sum of the absolute errors of 3.39.As with simple exponential smoothing, in triple exponential smoothing models past Western Asset 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 Western Asset Diversified observations. All Triple Exponential Smoothing forecast figures shown for Western Asset Diversified are reference data reflecting model output based on available historical prices. Triple Exponential Smoothing Price Forecast For the 21st of March
Given 90 days horizon, the Triple Exponential Smoothing forecasted value of Western Asset Diversified on the next trading day is expected to be 13.29 with a mean absolute deviation of 0.06 , mean absolute percentage error of 0.01 , and the sum of the absolute errors of 3.39 .Please note that although there have been many attempts to predict Western Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Western Asset's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Stock Forecast Pattern
| Backtest Western Asset | Western Asset Price Prediction | Research Analysis |
Forecasted Value
The next-day forecast for Western Asset Diversified focuses on identifying predictive downside and upside bands that can frame a realistic trading range. At the moment, the model places downside around 12.77 and upside around 13.81 for the forecasting period.
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 Western Asset stock data series using in forecasting. Note that when a statistical model is used to represent Western Asset stock, 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.| AIC | Akaike Information Criteria | Huge |
| Bias | Arithmetic mean of the errors | 0.0089 |
| MAD | Mean absolute deviation | 0.0574 |
| MAPE | Mean absolute percentage error | 0.0042 |
| SAE | Sum of the absolute errors | 3.3889 |
Other Forecasting Options for Western Asset
Whether a novice or experienced investor, anyone considering Western needs to understand the dynamics of Western Asset's price movement. Price charts for Western Stock contain a significant amount of noise that can distort investment decisions.Western Asset Related Equities
The following equities are related to Western Asset within the Financials space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Western Asset against peers on metrics such as P/E, margins, and return on equity helps contextualize its positioning and identify relative strengths or weaknesses.
| Risk & Return | Correlation |
Western Asset Market Strength Events
Analyzing market strength indicators for Western Asset enables investors to understand how the stock performs relative to overall market momentum. These indicators are valuable tools for identifying when to enter or exit positions in Western Asset Diversified.
Western Asset Risk Indicators
Identifying and analyzing Western Asset's key risk indicators is a foundational step in projecting how its price may evolve. This process quantifies the risk associated with Western Asset's and decide how to manage it.
| Mean Deviation | 0.4393 | |||
| Standard Deviation | 0.585 | |||
| Variance | 0.3422 |
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.
Story Coverage note for Western Asset
A coverage review of Western Asset Diversified shows when the security is attracting above-average attention from contributors and market observers. Used properly, this context can help investors judge whether visibility is reinforcing the thesis or attracting more speculative pressure.
Contributor Headline
Latest Perspective From Macroaxis
Western Asset Short Properties
A short-interest review of Western Asset Diversified provides context for understanding whether skepticism in the market is becoming more influential. The stronger read compares short sentiment with trend behavior, volume, and the broader market narrative.
| Common Stock Shares Outstanding | 51.9 M | |
| Forward Annual Dividend Rate | 1.78 |