Projected Return Density against MarketAssuming 30 trading days horizon, Western has beta of 0.07 . This means as returns on market go up, Western avarage returns are expected to increase less than the benchmark. However during bear market, the loss on holding Western Asset Premier Bond Fund will be expected to be much smaller as well. Moreover, Western Asset Premier Bond Fund has alpha of 0.07 implying that it can potentially generate 0.07% excess return over S&P 500 after adjusting for the inherited market risk (beta). Assuming 30 trading days horizon, the coefficient of variation of Western is -183.89. The daily returns are destributed with a variance of 0.05 and standard deviation of 0.22. The mean deviation of Western Asset Premier Bond Fund is currently at 0.17. For similar time horizon, the selected benchmark (S&P 500) has volatility of 0.84
Actual Return VolatilityWestern Asset Premier Bond Fund shows 0.22% volatility of returns over 30 trading days. S&P 500 shows 0.84% volatility of returns over 30 trading days.
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S&P 500 has a standard deviation of returns of 0.84 and is 3.82 times more volatile than Western Asset Premier Bond Fund. 2% of all equities and portfolios are less risky than Western. Compared with the overall equity markets, volatility of historical daily returns of Western Asset Premier Bond Fund is lower than 2 (%) of all global equities and portfolios over the last 30 days. Use Western Asset Premier Bond Fund to protect against small markets fluctuations. The fund experiences normal downward trend and little activity. As returns on market increase, Western returns are expected to increase less than the market. However during bear market, the loss on holding Western will be expected to be smaller as well.
Western correlation with market
Western Current Risk Indicators
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