Western Asset Mortgage Fund Fundamentals
| DMO Fund | USD 11.97 0.01 0.08% |
Western Asset Mortgage fundamentals help investors to digest information that contributes to Western Asset's financial success or failures. It also enables traders to predict the movement of Western Fund. The fundamental analysis module provides a way to measure Western Asset's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Western Asset fund.
Western |
Western Asset Mortgage Fund Beta Analysis
Western Asset's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Western Asset Beta | 0.61 |
Most of Western Asset's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Western Asset Mortgage is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Western Asset Mortgage has a Beta of 0.61. This is much higher than that of the Delaware Funds by Macquarie family and significantly higher than that of the Asset Management category. The beta for all United States funds is notably lower than that of the firm.
Western Asset Mortgage Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Western Asset's current stock value. Our valuation model uses many indicators to compare Western Asset value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Western Asset competition to find correlations between indicators driving Western Asset's intrinsic value. More Info.Western Asset Mortgage is one of the top funds in price to earning among similar funds. It also is one of the top funds in price to book among similar funds fabricating about 0.12 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Western Asset Mortgage is roughly 8.09 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Western Asset's earnings, one of the primary drivers of an investment's value.Western Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Western Asset's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the funds which would be a good addition to a portfolio. Peer analysis of Western Asset could also be used in its relative valuation, which is a method of valuing Western Asset by comparing valuation metrics of similar companies.Western Asset is currently under evaluation in beta among similar funds.
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.
Western Fundamentals
| Return On Equity | -3.99 | |||
| Return On Asset | 3.04 | |||
| Profit Margin | (43.80) % | |||
| Operating Margin | 82.53 % | |||
| Current Valuation | 205.85 M | |||
| Shares Outstanding | 11.33 M | |||
| Shares Owned By Institutions | 44.73 % | |||
| Number Of Shares Shorted | 6.55 K | |||
| Price To Earning | 6.07 X | |||
| Price To Book | 0.75 X | |||
| Price To Sales | 8.72 X | |||
| Revenue | 14.51 M | |||
| Gross Profit | 13.49 M | |||
| Net Income | (6.36 M) | |||
| Cash And Equivalents | 5.74 K | |||
| Total Debt | 84.31 M | |||
| Debt To Equity | 0.56 % | |||
| Current Ratio | 0.09 X | |||
| Book Value Per Share | 14.97 X | |||
| Cash Flow From Operations | (14.44 M) | |||
| Short Ratio | 0.19 X | |||
| Earnings Per Share | (2.70) X | |||
| Number Of Employees | 13 | |||
| Beta | 0.61 | |||
| Market Capitalization | 145.11 M | |||
| Total Asset | 26.73 M | |||
| Annual Yield | 0.01 % | |||
| Year To Date Return | 12.50 % | |||
| One Year Return | 16.33 % | |||
| Three Year Return | 2.61 % | |||
| Five Year Return | 0.66 % | |||
| Net Asset | 568.68 M | |||
| Last Dividend Paid | 1.2 |
About Western Asset Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Western Asset Mortgage's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Western Asset using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Western Asset Mortgage based on its fundamental data. In general, a quantitative approach, as applied to this fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.Western Asset Mortgage Opportunity Fund Inc. is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed Western Asset Management Company and Western Asset Management Company Limited. It invests in the fixed income markets of the United States. The fund invests primarily in mortgage-backed securities. It employs intensive proprietary research to create its portfolio. The fund benchmarks the performance of its portfolio against the BofA Merrill Lynch U.S. Floating Rate Home Equity Loan Asset Backed Securities Index. Western Asset Mortgage Opportunity Fund Inc. was formed on December 11, 2009 and is domiciled in the United States.
Pair Trading with Western Asset
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Western Asset position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Western Asset will appreciate offsetting losses from the drop in the long position's value.Moving together with Western Fund
| 0.68 | OASGX | Optimum Small Mid | PairCorr |
| 0.71 | WASAX | Ivy Asset Strategy | PairCorr |
| 0.68 | OCSGX | Optimum Small Mid | PairCorr |
Moving against Western Fund
| 0.72 | OIFIX | Optimum Fixed Income | PairCorr |
| 0.69 | DPFFX | Delaware Diversified | PairCorr |
| 0.54 | DLHIX | Delaware Healthcare | PairCorr |
| 0.54 | DLHCX | Delaware Healthcare | PairCorr |
| 0.4 | FTORX | First Investors Tax | PairCorr |
The ability to find closely correlated positions to Western Asset could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Western Asset when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Western Asset - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Western Asset Mortgage to buy it.
The correlation of Western Asset is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Western Asset moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Western Asset Mortgage moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Western Asset can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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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