Use this graph to draw trend lines for Western Asset Global High Income Fund Inc. You can use it to identify possible trend reversals for Western as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Western price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Western Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Western Asset Global High Income Fund Inc applied against its price change over selected period. The best fit line has a slop of 0.0089 %
which may imply that the returns on investment in Western Asset Global High Income Fund Inc will continue to fail. It has 42 observation points and regression sum of squers of 0.12 which is sum of squared deviations of the predicted Western price change against its avarage change.
Western has a best fit line with a correlation coefficient of -0.44. and coefficient of determination of 0.2. Note, that about 17.0%
of the company shares are held by institutions