EMD Stock Summary and Trading Ideas (Western Asset Emerging Markets Debt | NYSE:EMD)

The Fund’s primary investment objective is total return. High current income is a secondary investment objective. The Fund invests primarily in U.S. dollar and non-U.S. dollar denominated debt securities of issuers in emerging market countries. In selecting investments for the Fund, management uses a combination of qualitative assessments and quantitative models that seek to measure the relative risks and opportunities of each market segment based on economic, market, political, currency and technical data. The fund also makes an assessment of economic and market conditions to create an optimal risk/ return allocation of the Fund’s assets among various segments of the emerging market debt market. After making sector allocations, management uses traditional credit analysis to identify individual securities for the Fund’s portfolio. In selecting foreign and emerging market issuer debt for investment, the fund considers the economic and political conditions within the issuer’s country, overall and external debt levels and debt service ratios, access to capital markets and debt service payment history.

Western Asset Emerging Markets Debt trades on the NYSE stock market under the symbol EMD.

As of April 24, 2024, EMD stock price declined to $8.96 with 237,314 million shares trading.

EMD has a beta of 0.57, meaning it tends to be less sensitive to market movements. EMD has a correlation of 0.22 to the broad based SPY ETF.

EMD has a market cap of $523.65 million. This is considered a Small Cap stock.

In the last 3 years, EMD stock traded as high as $14.30 and as low as $7.40.

EMD has underperformed the market in the last year with a price return of +14.9% while the SPY ETF gained +24.1%. EMD has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.6% and -3.7%, respectively, while the SPY returned +4.5% and -1.7%, respectively.

EMD support price is $9.01 and resistance is $9.21 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EMD stock will trade within this expected range on the day.