Western Assetclaymore Infl Etf Market Value
| WIA Etf | USD 8.26 0.02 0.24% |
| Symbol | Western |
The market value of Western AssetClaymore is measured differently than its book value, which is the value of Western that is recorded on the company's balance sheet. Investors also form their own opinion of Western AssetClaymore's value that differs from its market value or its book value, called intrinsic value, which is Western AssetClaymore's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Western AssetClaymore's market value can be influenced by many factors that don't directly affect Western AssetClaymore's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Western AssetClaymore's value and its price as these two are different measures arrived at by different means. Investors typically determine if Western AssetClaymore is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Western AssetClaymore'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 AssetClaymore '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 AssetClaymore's etf 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 AssetClaymore.
| 05/23/2023 |
| 12/13/2024 |
If you would invest 0.00 in Western AssetClaymore on May 23, 2023 and sell it all today you would earn a total of 0.00 from holding Western AssetClaymore Infl or generate 0.0% return on investment in Western AssetClaymore over 570 days. Western AssetClaymore is related to or competes with MainStay CBRE, Cohen Steers, Pgim Global, Gabelli Multimedia, Gabelli Equity, Virtus AllianzGI, and Tri Continental. Western AssetClaymore Inflation-Linked Securities Income Fund is a closed-ended fixed income mutual fund launched by Gug... More
Western AssetClaymore 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 AssetClaymore's etf 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 AssetClaymore Infl upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4517 | |||
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 1.94 | |||
| Value At Risk | (0.72) | |||
| Potential Upside | 0.7326 |
Western AssetClaymore Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Western AssetClaymore's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Western AssetClaymore's standard deviation. In reality, there are many statistical measures that can use Western AssetClaymore historical prices to predict the future Western AssetClaymore's volatility.| Risk Adjusted Performance | 0.0377 | |||
| Jensen Alpha | 0.0118 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.19) | |||
| Treynor Ratio | 0.3393 |
Western AssetClaymore Backtested Returns
At this point, Western AssetClaymore is very steady. Western AssetClaymore shows Sharpe Ratio of 0.0153, which attests that the etf had a 0.0153% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Western AssetClaymore, which you can use to evaluate the volatility of the etf. Please check out Western AssetClaymore's Downside Deviation of 0.4517, market risk adjusted performance of 0.3493, and Mean Deviation of 0.3429 to validate if the risk estimate we provide is consistent with the expected return of 0.0067%. The entity maintains a market beta of 0.0497, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Western AssetClaymore's returns are expected to increase less than the market. However, during the bear market, the loss of holding Western AssetClaymore is expected to be smaller as well.
Auto-correlation | 0.49 |
Average predictability
Western AssetClaymore Infl has average predictability. Overlapping area represents the amount of predictability between Western AssetClaymore time series from 23rd of May 2023 to 3rd of March 2024 and 3rd of March 2024 to 13th 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 AssetClaymore price movement. The serial correlation of 0.49 indicates that about 49.0% of current Western AssetClaymore price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Western AssetClaymore lagged returns against current returns
Autocorrelation, which is Western AssetClaymore etf'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 AssetClaymore's etf expected returns. We can calculate the autocorrelation of Western AssetClaymore returns to help us make a trade decision. For example, suppose you find that Western AssetClaymore has exhibited high autocorrelation historically, and you observe that the etf 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 |
| Timeline |
Western AssetClaymore 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 AssetClaymore etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Western AssetClaymore etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Western AssetClaymore etf over time.
Current vs Lagged Prices |
| Timeline |
Western AssetClaymore Lagged Returns
When evaluating Western AssetClaymore's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Western AssetClaymore etf have on its future price. Western AssetClaymore 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 AssetClaymore autocorrelation shows the relationship between Western AssetClaymore etf current value and its past values and can show if there is a momentum factor associated with investing in Western AssetClaymore Infl.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Western Etf
Western AssetClaymore financial ratios help investors to determine whether Western Etf 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 AssetClaymore security.