Western Asset Municipal Fund Manager Performance Evaluation
| MHF Fund | USD 7.13 0.03 0.42% |
The entity maintains a market beta of 0.0825, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Western Asset's returns are expected to increase less than the market. However, during the bear market, the loss of holding Western Asset is expected to be smaller as well.
Risk-Adjusted Performance
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Very Weak
Over the last 90 days Western Asset Municipal has generated negative risk-adjusted returns adding no value to fund investors. Despite nearly stable technical indicators, Western Asset is not utilizing all of its potentials. The newest stock price disturbance, may contribute to mid-run losses for the stockholders.
...more1 | 1607 Capital Partners, LLC Reduces Stake in Western Asset Munici - GuruFocus.com | 11/14/2024 |
| Expense Ratio | 0.7000 |
Western |
Western Asset Relative Risk vs. Return Landscape
If you would invest 721.00 in Western Asset Municipal on September 13, 2024 and sell it today you would lose (8.00) from holding Western Asset Municipal or give up 1.11% of portfolio value over 90 days. Western Asset Municipal is generating negative expected returns assuming volatility of 0.5643% on return distribution over 90 days investment horizon. In other words, 5% of funds are less volatile than Western, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Western Asset Current Valuation
Fairly Valued
Today
Please note that Western Asset's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. Western Asset Municipal maintains a prevalent Real Value of $7.12 per share. The last-minute price of the fund is $7.13. We determine the value of Western Asset Municipal from examining fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we encourage locking in undervalued funds and disposing overvalued funds since, at some point, fund prices and their ongoing real values will grow together.
The fair value of the Western fund is determined by what a typical buyer is willing to pay for full or partial control of Western Asset Municipal. Since Western Asset is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Western Fund. However, Western Asset's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 7.13 | Real 7.12 | Hype 7.13 | Naive 7.0 |
The real value of Western Fund, also known as its intrinsic value, is the underlying worth of Western Asset Municipal Fund, which is reflected in its stock price. It is based on Western Asset's financial performance, growth prospects, management team, or industry conditions. The intrinsic value of Western Asset's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, or news.
Estimating the potential upside or downside of Western Asset Municipal helps investors to forecast how Western fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Western Asset more accurately as focusing exclusively on Western Asset's fundamentals will not take into account other important factors: Western Asset Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Western Asset's investment risk. Standard deviation is the most common way to measure market volatility of funds, such as Western Asset Municipal, and traders can use it to determine the average amount a Western Asset's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0286
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | MHF |
Estimated Market Risk
| 0.56 actual daily | 4 96% of assets are more volatile |
Expected Return
| -0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Western Asset is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Western Asset by adding Western Asset to a well-diversified portfolio.
Western Asset Fundamentals Growth
Western Fund prices reflect investors' perceptions of the future prospects and financial health of Western Asset, and Western Asset fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Western Fund performance.
| Return On Equity | -7.11 | ||||
| Return On Asset | 1.92 | ||||
| Profit Margin | (183.14) % | ||||
| Operating Margin | 81.31 % | ||||
| Current Valuation | 134.2 M | ||||
| Shares Outstanding | 21.64 M | ||||
| Price To Earning | 62.26 X | ||||
| Price To Book | 0.84 X | ||||
| Price To Sales | 22.07 X | ||||
| Revenue | 6.47 M | ||||
| Total Debt | 1.3 M | ||||
| Debt To Equity | 0.01 % | ||||
| Book Value Per Share | 7.86 X | ||||
| Earnings Per Share | 0.11 X | ||||
About Western Asset Performance
By analyzing Western Asset's fundamental ratios, stakeholders can gain valuable insights into Western Asset's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Western Asset has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Western Asset has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Western Asset Municipal High Income Fund Inc. is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company. The fund invests in the fixed income markets of the United States. It invests primarily in intermediate and long-term municipal debt securities issued by state and local governments including U.S. territories and possessions, political subdivisions, agencies and public authorities. The fund seeks to invest in investment grade debt securities rated in one of the four highest rating categories by a nationally recognized statistical rating organization to create its portfolio. It benchmarks the performance of its portfolio against the Lehman Brothers Municipal Bond Index. The fund was formerly known as Municipal High Income Fund Inc. Western Asset Municipal High Income Fund Inc. was formed on November 28, 1988 and is domiciled in the United States.Things to note about Western Asset Municipal performance evaluation
Checking the ongoing alerts about Western Asset for important developments is a great way to find new opportunities for your next move. Fund 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 generated a negative expected return over the last 90 days | |
| Latest headline from news.google.com: 1607 Capital Partners, LLC Reduces Stake in Western Asset Munici - GuruFocus.com |
- Analyzing Western Asset's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Western Asset's stock is overvalued or undervalued compared to its peers.
- Examining Western Asset's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Western Asset's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Western Asset's management team can help you assess the Fund's leadership.
- Pay attention to analyst opinions and ratings of Western Asset's fund. These opinions can provide insight into Western Asset's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Western Fund
Western Asset financial ratios help investors to determine whether Western Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Western with respect to the benefits of owning Western Asset security.
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