Western Asset E Fund Market Value

WAPSX Fund  USD 9.20  0.04  0.43%   
Western Asset's market value is the price at which a share of Western Asset trades on a public exchange. It measures the collective expectations of Western Asset E investors about its performance. Western Asset is trading at 9.20 as of the 14th of December 2024; that is 0.43 percent down since the beginning of the trading day. The fund's open price was 9.24.
With this module, you can estimate the performance of a buy and hold strategy of Western Asset E and determine expected loss or profit from investing in Western Asset over a given investment horizon. Check out Western Asset Correlation, Western Asset Volatility and Western Asset Alpha and Beta module to complement your research on Western Asset.
Symbol

Please note, there is a significant difference between Western Asset's value and its price as these two are different measures arrived at by different means. Investors typically determine if Western Asset is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Western Asset's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Western Asset 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Western Asset's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Western Asset.
0.00
11/14/2024
No Change 0.00  0.0 
In 31 days
12/14/2024
0.00
If you would invest  0.00  in Western Asset on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Western Asset E or generate 0.0% return on investment in Western Asset over 30 days. Western Asset is related to or competes with Prudential High, Janus Enterprise, Western Asset, New World, and Victory Sycamore. The fund invests in a portfolio of fixed income securities of various maturities and, under normal market conditions, wi... More

Western Asset Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Western Asset's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Western Asset E upside and downside potential and time the market with a certain degree of confidence.

Western Asset Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Western Asset's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Western Asset's standard deviation. In reality, there are many statistical measures that can use Western Asset historical prices to predict the future Western Asset's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Western Asset's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
8.869.209.54
Details
Intrinsic
Valuation
LowRealHigh
8.799.139.47
Details
Naive
Forecast
LowNextHigh
8.839.179.51
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
9.089.229.36
Details

Western Asset E Backtested Returns

Western Asset E shows Sharpe Ratio of -0.16, which attests that the fund had a -0.16% return per unit of risk over the last 3 months. Western Asset E exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Western Asset's Mean Deviation of 0.2533, market risk adjusted performance of (5.42), and Standard Deviation of 0.3448 to validate the risk estimate we provide. The entity maintains a market beta of 0.0101, 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.

Auto-correlation

    
  -0.84  

Excellent reverse predictability

Western Asset E has excellent reverse predictability. Overlapping area represents the amount of predictability between Western Asset time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Western Asset E price movement. The serial correlation of -0.84 indicates that around 84.0% of current Western Asset price fluctuation can be explain by its past prices.
Correlation Coefficient-0.84
Spearman Rank Test-0.53
Residual Average0.0
Price Variance0.0
Western ReturnsWestern Lagged ReturnsDiversified AwayWestern ReturnsWestern Lagged ReturnsDiversified Away100%

Western Asset E lagged returns against current returns

Autocorrelation, which is Western Asset mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Western Asset's mutual fund expected returns. We can calculate the autocorrelation of Western Asset returns to help us make a trade decision. For example, suppose you find that Western Asset has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
JavaScript chart by amCharts 3.21.15Nov 29DecDec 03Dec 05Dec 07Dec 09Dec 11Dec 13-1.0%-0.5%0%0.5%1.0%1.5% 1
JavaScript chart by amCharts 3.21.15Volume Lagged Volume Prices Lagged Prices
       Timeline  

Western Asset regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Western Asset mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Western Asset mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Western Asset mutual fund over time.
   Current vs Lagged Prices   
JavaScript chart by amCharts 3.21.15Nov 29DecDec 03Dec 05Dec 07Dec 09Dec 11Dec 139.109.159.209.259.30
JavaScript chart by amCharts 3.21.15Regression Prices Lagged Regression Prices
       Timeline  

Western Asset Lagged Returns

When evaluating Western Asset's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Western Asset mutual fund have on its future price. Western Asset autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Western Asset autocorrelation shows the relationship between Western Asset mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Western Asset E.
   Regressed Prices   
JavaScript chart by amCharts 3.21.15Nov 14Nov 18Nov 22Nov 26Nov 30DecDec 08Dec 129.159.209.259.30
JavaScript chart by amCharts 3.21.15Lagged Returns Returns
       Timeline  

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Other Information on Investing in Western Mutual Fund

Western Asset financial ratios help investors to determine whether Western Mutual 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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