Western Asset Municipal Fund Chance Of Distress
Western Asset's odds of distress is above 80% at this time. It has very high probability of going through financial hardship in the upcoming years. Probability of distress shows the probability of financial torment over the next two years of operations under current economic and market conditions. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any fund could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
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Western Asset Municipal Fund probability of distress Analysis
Western Asset's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
More About Probability Of Bankruptcy | All Equity Analysis
Probability Of Bankruptcy | = | Normalized | | Z-Score |
Current Western Asset Probability Of Bankruptcy | Over 100% |
Most of Western Asset's fundamental indicators, such as Probability Of Bankruptcy, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Western Asset Municipal is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Western Asset probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting Western Asset odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of Western Asset Municipal financial health.
The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
CompetitionWestern Asset Probability Of Bankruptcy Component Assessment
Based on the latest financial disclosure, Western Asset Municipal has a Probability Of Bankruptcy of 100%. This is 100.28% higher than that of the Financial Services family and 148.76% higher than that of the Asset Management category. The probability of bankruptcy for all United States funds is 151.07% lower than that of the firm.
Western Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Western Asset's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the funds which would be a good addition to a portfolio. Peer analysis of Western Asset could also be used in its relative valuation, which is a method of valuing Western Asset by comparing valuation metrics of similar companies.Western Asset is currently under evaluation in probability of bankruptcy among similar funds.
Western Fundamentals
| Return On Equity | -11.15 | |||
| Return On Asset | 1.43 | |||
| Profit Margin | (237.01) % | |||
| Operating Margin | 69.01 % | |||
| Current Valuation | 190.91 M | |||
| Shares Outstanding | 9.72 M | |||
| Shares Owned By Institutions | 32.64 % | |||
| Number Of Shares Shorted | 3.21 K | |||
| Price To Earning | 17.51 X | |||
| Price To Book | 0.74 X | |||
| Price To Sales | 14.71 X | |||
| Revenue | 8.12 M | |||
| Gross Profit | 8.37 M | |||
| Net Income | (19.3 M) | |||
| Cash And Equivalents | 63.19 K | |||
| Cash Per Share | 0.01 X | |||
| Total Debt | 67.69 M | |||
| Debt To Equity | 0.42 % | |||
| Current Ratio | 1.20 X | |||
| Book Value Per Share | 16.70 X | |||
| Cash Flow From Operations | 6.84 M | |||
| Short Ratio | 0.15 X | |||
| Earnings Per Share | 0.70 X | |||
| Number Of Employees | 13 | |||
| Beta | 0.31 | |||
| Market Capitalization | 119.45 M | |||
| Total Asset | 199.41 M | |||
| Retained Earnings | (21.39 M) | |||
| Z Score | 0.6 | |||
| Five Year Return | 4.48 % | |||
| Last Dividend Paid | 0.57 |
About Western Asset Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Western Asset Municipal's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Western Asset using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Western Asset Municipal based on its fundamental data. In general, a quantitative approach, as applied to this fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Western Asset in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Western Asset's short interest history, or implied volatility extrapolated from Western Asset options trading.
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any fund could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Other Consideration for investing in Western Fund
If you are still planning to invest in Western Asset Municipal check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Western Asset's history and understand the potential risks before investing.
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