Western Etf Profile

Etfs . USA . 
Etf . Western Asset High
HYI Etf  USD 11.37  0.08  0.71%   

Market Performance

0 of 100

 
0
 
100

Odds Of Distress

Less than 1

 
100  
 
0
Western Asset is trading at 11.37 as of the 30th of May 2023. This is a 0.71 percent up since the beginning of the trading day. The etf's open price was 11.29. Western Asset has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Western Asset High are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of December 2022 and ending today, the 30th of May 2023. Click here to learn more.
ISIN
US95768B1070
Western Asset High Yield Defined Opportunity Fund Inc. is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. Western Asset is listed under Asset Management in the United States and is traded on New York Stock Exchange exchange. The company has 22.65 M outstanding shares of which 34.9 K shares are currently shorted by investors with about 0.42 days to cover. More on Western Asset High

Moving together with Western Etf

+0.77FNGDMicroSectors FANG IndexPairCorr
+0.82AXPAmerican Express Fiscal Quarter End 30th of June 2023 PairCorr

Moving against Western Etf

-0.78MSFTMicrosoft Aggressive PushPairCorr
-0.77GEGeneral Electric Fiscal Quarter End 30th of June 2023 PairCorr
-0.75JPSTJPMorgan Ultra-Short Sell-off TrendPairCorr
-0.63PGProcter Gamble Fiscal Quarter End 30th of June 2023 PairCorr
-0.56WMTWalmart Fiscal Quarter End 31st of July 2023 PairCorr
-0.54INTCIntel Fiscal Quarter End 30th of June 2023 PairCorr
-0.49MRKMerck Company Fiscal Quarter End 30th of June 2023 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.
ChairmanJane Trust
Macroaxis Advice
The buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Western Asset's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
HoldFairly Valued
Two Hundred Day Average12.69
Average Daily Volume In Three Month61.69k
Fifty Two Week Low11.21
Shares Percent Shares Out0.15%
Shares Short Prior Month38.13k
Average Daily Volume Last 10 Day48.24k
Date Short Interest14th of October 2022
Fifty Two Week High15.93
Fifty Day Average11.89
Western Asset High [HYI] is traded in USA and was established null. The fund is not classified under any group at the present time. The fund currently have in assets under management (AUM).
Check Western Asset Probability Of Bankruptcy

Western Asset Target Price Odds Analysis

Coming from a normal probability distribution, the odds of Western Asset jumping above the current price in 90 days from now is about 83.01%. The Western Asset High 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 0.4293. This usually indicates 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 High will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Western Asset High is significantly underperforming NYSE Composite.
  Odds Below 11.37HorizonTargetOdds Above 11.37
16.64%90 days
 11.37 
83.01%
Based on a normal probability distribution, the odds of Western Asset to move above the current price in 90 days from now is about 83.01 (This Western Asset High probability density function shows the probability of Western Etf to fall within a particular range of prices over 90 days) .

Western Asset Top Holders

CEFSSaba Closed End FundsEtfTactical Allocation
More Details

Western Asset Major Institutional Holders

Institutional Holdings refers to the ownership stake in Western Asset that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Western Asset's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Western Asset's value.
InstituionLast TransactionTypeSharesValue
Bramshill Investments Llc2023-03-31Fund Units2.3 M27 M
Punch Associates Investment Management Inc 12023-03-31Fund Units912.7 K10.9 M
Raymond James Financial Services Advisors Inc2023-03-31Fund Units528.6 K6.3 M
Morgan Stanley2023-03-31Fund Units396.8 K4.8 M
Sit Investment Associates Inc 12023-03-31Fund Units362.3 K4.3 M
Uncommon Cents Investing Llc2023-03-31Fund Units312.5 K3.7 M
Wells Fargo Company2023-03-31Fund Units310.9 K3.7 M
Guggenheim Capital Llc2023-03-31Fund Units248.6 K3 M
Graniteshares Advisors Llc2022-12-31Fund Units187.5 K2.3 M
Capital Investment Advisors Llc2023-03-31Fund Units178 K2.1 M
Ameritas Advisory Services Llc2022-09-30Fund Units169 K1.9 M
View Western Asset Diagnostics

Western Asset High 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.
Mean Deviation0.5966
Standard Deviation0.8338
Variance0.6953
Risk Adjusted Performance(0.1)

Western Asset High Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Western Asset Price Ceiling Movement function is a real number to the largest previous price integer.
.

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 High at a given time.
 Competition   Compare Correlations

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?

Run Portfolio Manager Now

   

Portfolio Manager

State of the art Portfolio Manager to monitor and improve performance of your invested capital
All  Next Launch Module

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 High 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 High 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 High, 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 High?

The danger of trading Western Asset High 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 Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Western Asset High 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 Risk vs Return Analysis to better understand how to build diversified portfolios. You can also try Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

Complementary Tools for Western Etf analysis

When running Western Asset's price analysis, check to measure Western Asset's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Western Asset is operating at the current time. Most of Western Asset's value examination focuses on studying past and present price action to predict the probability of Western Asset's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Western Asset's price. Additionally, you may evaluate how the addition of Western Asset to your portfolios can decrease your overall portfolio volatility.
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Price Transformation
Use Price Transformation models to analyze the depth of different equity instruments across global markets
Commodity Channel Index
Use Commodity Channel Index to analyze current equity momentum
Odds Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Piotroski F Score
Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
ETF Directory
Find actively traded Exchange Traded Funds (ETF) from around the world
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
The market value of Western Asset High 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.
Beneish
M Score
Details
Financial
Analysis
Details
Buy or Sell
Advice
Details
Technical
Analysis
Details
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. Check out Risk vs Return Analysis to better understand how to build diversified portfolios.
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2023 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY