Western Asset Global Etf Profile

GDO Etf  USD 12.46  0.02  0.16%   

Performance

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Odds Of Distress

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Western Asset is selling at 12.46 as of the 18th of March 2024; that is -0.16 percent decrease since the beginning of the trading day. The etf's open price was 12.48. Western Asset has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Western Asset Global are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of September 2022 and ending today, the 18th of March 2024. Click here to learn more.
Western Asset Global Corporate Defined Opportunity Fund Inc. is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. Western Asset is listed under Asset Management in the United States and is traded on New York Stock Exchange exchange.. The company has 14.94 M outstanding shares of which 1.29 K shares are currently shorted by investors with about 0.03 days to cover. More on Western Asset Global

Moving together with Western Etf

  0.62CAPD Barclays CapitalPairCorr

Western Etf Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Western Asset's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Western Asset or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ChairmanJane Trust
Old NameGOLDONE FPO
Business ConcentrationWorld Bond, Asset Management, Financial Services (View all Sectors)
Update Date31st of March 2024
Nav12.93
Prev Close Price12.47
Country NameUSA
CodeGDO
I S I NUS95790C1071
NameWestern Asset Global Corporate Defined Opportunity Fund
Currency NameUS Dollar
Currency CodeUSD
Open FigiBBG000PR5X59
TypeFUND
Expense Ratio1.2
Western Asset Global [GDO] is traded in USA and was established 2009-11-24. The fund is not classified under any group at the present time. Western Asset Global currently have in assets under management (AUM). The fund is currently generating return of 0.37% with the current yeild of 0.01%, while the total return for the last 3 years was -3.42%.
Check Western Asset Probability Of Bankruptcy

Western Asset Target Price Odds Analysis

Contingent on a normal probability distribution, the odds of Western Asset jumping above the current price in 90 days from now is about 47.78%. The Western Asset Global probability density function shows the probability of Western Asset etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Western Asset Global has a beta of -0.0602. This usually indicates as returns on benchmark increase, returns on holding Western Asset are expected to decrease at a much lower rate. During the bear market, however, Western Asset Global is likely to outperform the market. Additionally, the company has an alpha of 0.0815, implying that it can generate a 0.0815 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 12.46HorizonTargetOdds Above 12.46
51.49%90 days
 12.46 
47.78%
Based on a normal probability distribution, the odds of Western Asset to move above the current price in 90 days from now is about 47.78 (This Western Asset Global probability density function shows the probability of Western Etf to fall within a particular range of prices over 90 days) .

Western Asset Global Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Western Asset market risk premium is the additional return an investor will receive from holding Western Asset long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Western Asset. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Western Asset's alpha and beta are two of the key measurements used to evaluate Western Asset's performance over the market, the standard measures of volatility play an important role as well.

Western Asset Against Markets

Picking the right benchmark for Western Asset etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Western Asset etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Western Asset is critical whether you are bullish or bearish towards Western Asset Global at a given time. Please also check how Western Asset's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Western Asset without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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How to buy Western Etf?

Before investing in Western Asset, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Western Asset. To buy Western Asset etf, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Western Asset. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Western Asset etf. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Western Asset Global etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Western Asset Global etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Western Asset Global, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in Western Asset Global?

The danger of trading Western Asset Global is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Western Asset is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Western Asset. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Western Asset Global is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Western Asset Global. Also, note that the market value of any ETF could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
Note that the Western Asset Global information on this page should be used as a complementary analysis to other Western Asset's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.

Complementary Tools for Western Etf analysis

When running Western Asset's price analysis, check to measure Western Asset's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Western Asset is operating at the current time. Most of Western Asset's value examination focuses on studying past and present price action to predict the probability of Western Asset's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Western Asset's price. Additionally, you may evaluate how the addition of Western Asset to your portfolios can decrease your overall portfolio volatility.
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The market value of Western Asset Global 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 Asset's value that differs from its market value or its book value, called intrinsic value, which is Western Asset'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 Asset's market value can be influenced by many factors that don't directly affect Western Asset'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 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.