Relative Risk vs. Return Landscape
If you would invest 519 in Western Asset Short Duration Muni Inc I on April 19, 2013 and sell it today you would lose (1.00) from holding Western Asset Short Duration Muni Inc I or give up 0.19% of portfolio value over 30 days. Western Asset Short Duration Muni Inc I is currently producing negative expected returns and takes up 0.05% volatility of returns over 30 trading days. Put another way, 0% of traded equities are less volatile than the company and 99% of traded equity instruments are likely to generate higher returns over the next 30 trading days. Assuming 30 trading days horizon, Western Asset Short Duration Muni Inc I is expected to under-perform the market. But the company apears to be less risky and when comparing its historical volatility, the company is 11.0 times less risky than the market. the firm trades about -0.2 of its potential returns per unit of risk. The S&P 500 is currently generating roughly 0.6 of returns per unit of risk over similar time horizon.
Western Realized Returns
Western Annual Yield vs Year to Date Return
Western Asset Short Duration Muni Inc I is rated fourth largest fund in annual yield among similar funds. It is rated fourth largest fund in year to date return among similar funds creating about 0.26 of Year to Date Return per Annual Yield. The ratio of Annual Yield to Year to Date Return for Western Asset Short Duration Muni Inc I is roughly 3.78
Over the last 30 days Western Asset Short Duration Muni Inc I has generated negative risk-adjusted returns adding no value to investors with long positions.
Estimated Market Risk
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