Western risk analysis

Macroaxis considers Western relatively not risky. Western Asset Premier shows Sharpe Ratio of -0.54 which attests that Western Asset Premier had -0.54% of return per unit of risk over the last 1 month. Macroaxis philosophy towards determining risk of any fund is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Western Asset Premier exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Western Asset Premier Market Risk Adjusted Performance of (1.86), Mean Deviation of 0.1702 and Downside Deviation of 0.2918 to validate risk estimate we provide.

Projected Return Density against Market

Assuming 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

	(alpha)	=	0.07	Details
	(beta)	=	0.07	Details
	(volatility)	=	0.22	Details

Actual Return Volatility

Western 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.