Western Asset Premier Etf Profile
| WEA Etf | USD 10.67 0.04 0.38% |
Performance0 of 100
| Odds Of DistressLess than 47
|
Western Asset is trading at 10.67 as of the 23rd of April 2024, a 0.38 percent up since the beginning of the trading day. The etf's open price was 10.63. Western Asset has 47 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Equity ratings for Western Asset Premier are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of March 2024 and ending today, the 23rd of April 2024. Click here to learn more.
Western Asset Premier Bond Fund is a closed-ended fixed income mutual fund launched and managed by Western Asset Management Company. Western Asset is listed under Asset Management in the United States and is traded on New York Stock Exchange exchange. The company has 11.86 M outstanding shares of which 4.45 K shares are at this time shorted by investors with about 0.15 days to cover. More on Western Asset Premier
Moving together with Western Etf
| 0.61 | HUM | Humana Inc Earnings Call Tomorrow | PairCorr |
Moving against Western Etf
| 0.78 | USFR | WisdomTree Floating Rate | PairCorr |
| 0.77 | SGOV | iShares 0 3 | PairCorr |
| 0.76 | JPST | JPMorgan Ultra Short | PairCorr |
| 0.76 | SPBC | Simplify Equity PLUS | PairCorr |
| 0.75 | IGLD | FT Cboe Vest | PairCorr |
| 0.72 | NRGU | MicroSectors Big Oil | PairCorr |
| 0.7 | GSPY | Gotham Enhanced 500 | PairCorr |
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.
| CEO | Kenneth Fuller |
| Old Name | WG Wearne Limited |
| Business Concentration | Corporate Bond, Asset Management, Financial Services (View all Sectors) |
| Update Date | 31st of March 2024 |
| Nav | 11.06 |
| Prev Close Price | 10.62 |
| Country Name | USA |
| Code | WEA |
| I S I N | US9576641057 |
| Name | Western Asset Premier Bond Fund |
| Currency Name | US Dollar |
| Currency Code | USD |
| Type | FUND |
| Expense Ratio | 0.7 |
Western Asset Premier [WEA] is traded in USA and was established 2002-03-28. The fund is not listed under any group at the present time. Western Asset Premier at this time have in net assets. The fund is currently generating return of 0.54% with the current yeild of 0.01%, while the total return for the last 3 years was -2.63%.
Western Asset Premier has about 346.06 K in cash with 9.1 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03.
Check Western Asset Probability Of Bankruptcy
Western Asset Target Price Odds Analysis
What are Western Asset's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Western Asset jumping above the current price in 90 days from now is about 67.36%. The Western Asset Premier 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 has a beta of 0.3906. This entails as returns on the market go up, Western Asset average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Western Asset Premier will be expected to be much smaller as well. Additionally, western Asset Premier has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Western Asset to move above the current price in 90 days from now is about 67.36 (This Western Asset Premier probability density function shows the probability of Western Etf to fall within a particular range of prices over 90 days) .
Western Asset Top Holders
| GUDPX | Guggenheim Diversified Income | Mutual Fund | Allocation--30% to 50% Equity |
| GUDAX | Guggenheim Diversified Income | Mutual Fund | Allocation--30% to 50% Equity |
| GUDIX | Guggenheim Diversified Income | Mutual Fund | Allocation--30% to 50% Equity |
| GUDCX | Guggenheim Diversified Income | Mutual Fund | Allocation--30% to 50% Equity |
Western Asset Premier 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.
| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (0.09) |
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 Premier 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.Did you try this?
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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 Premier 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 Premier 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 Premier, 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 Premier?
The danger of trading Western Asset Premier 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 Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Western Asset Premier 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Asset Premier. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Western Asset Premier 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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
The market value of Western Asset Premier 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.