Western Asset Municipal Fund Manager Performance Evaluation
| MHF Fund | USD 6.78 0.04 0.59% |
The entity maintains a market beta of 0.0572, 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.
Risk-Adjusted Performance
13 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Western Asset Municipal are ranked lower than 13 (%) of all funds and portfolios of funds over the last 90 days. Despite nearly stable technical indicators, Western Asset is not utilizing all of its potentials. The newest stock price disturbance, may contribute to mid-run losses for the stockholders.
...more1 | Western Asset Municipal High Income Fund Inc. Announces Dividend of 0.03 - MarketBeat | 02/22/2024 |
| Expense Ratio | 0.7000 |
Western |
Western Asset Relative Risk vs. Return Landscape
If you would invest 645.00 in Western Asset Municipal on January 25, 2024 and sell it today you would earn a total of 33.00 from holding Western Asset Municipal or generate 5.12% return on investment over 90 days. Western Asset Municipal is generating 0.0816% of daily returns assuming volatility of 0.4659% on return distribution over 90 days investment horizon. In other words, 4% of funds are less volatile than Western, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Western Asset Current Valuation
Fairly Valued
Today
Please note that Western Asset's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. Western Asset Municipal maintains a prevalent Real Value of $6.73 per share. The last-minute price of the fund is $6.78. We determine the value of Western Asset Municipal from examining fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we encourage locking in undervalued funds and disposing overvalued funds since, at some point, fund prices and their ongoing real values will grow together.
Our valuation method for Western Asset Municipal is useful when determining the fair value of the Western fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of Western Asset. Since Western Asset is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Western Fund. However, Western Asset's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 6.78 | Real 6.73 | Hype 6.73 |
The real value of Western Fund, also known as its intrinsic value, is the underlying worth of Western Asset Municipal Fund, which is reflected in its stock price. It is based on Western Asset's financial performance, assets, liabilities, growth prospects, management team, or industry conditions. The intrinsic value of Western Asset's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Western Asset's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Western Asset Municipal helps investors to forecast how Western fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Western Asset more accurately as focusing exclusively on Western Asset's fundamentals will not take into account other important factors: Western Asset Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Western Asset's investment risk. Standard deviation is the most common way to measure market volatility of funds, such as Western Asset Municipal, and traders can use it to determine the average amount a Western Asset's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1751
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Estimated Market Risk
| 0.47 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 13 87% of assets perform better |
Based on monthly moving average Western Asset is performing at about 13% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Western Asset by adding it to a well-diversified portfolio.
Western Asset Fundamentals Growth
Western Fund prices reflect investors' perceptions of the future prospects and financial health of Western Asset, and Western Asset fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Western Fund performance.
| Return On Equity | -7.11 | ||||
| Return On Asset | 1.92 | ||||
| Profit Margin | (183.14) % | ||||
| Operating Margin | 81.31 % | ||||
| Current Valuation | 134.2 M | ||||
| Shares Outstanding | 21.64 M | ||||
| Price To Earning | 62.26 X | ||||
| Price To Book | 0.84 X | ||||
| Price To Sales | 22.07 X | ||||
| Revenue | 6.47 M | ||||
| Total Debt | 1.3 M | ||||
| Debt To Equity | 0.01 % | ||||
| Book Value Per Share | 7.86 X | ||||
| Earnings Per Share | 0.11 X | ||||
About Western Asset Performance
To evaluate Western Asset Municipal Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Western Asset generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Western Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Western Asset Municipal market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Western's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.Western Asset Municipal High Income Fund Inc. is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. Western Asset Municipal High Income Fund Inc. was formed on November 28, 1988 and is domiciled in the United States. Western Asset operates under Asset Management classification in the United States and is traded on New York Stock Exchange.Things to note about Western Asset Municipal performance evaluation
Checking the ongoing alerts about Western Asset for important developments is a great way to find new opportunities for your next move. Fund alerts and notifications screener for Western Asset Municipal help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund generated three year return of 0.0% |
- Analyzing Western Asset's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Western Asset's stock is overvalued or undervalued compared to its peers.
- Examining Western Asset's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Western Asset's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Western Asset's management team can help you assess the Fund's leadership.
- Pay attention to analyst opinions and ratings of Western Asset's fund. These opinions can provide insight into Western Asset's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Western Asset Municipal. Also, note that the market value of any fund could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the Western Asset Municipal 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 Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.