Western Asset Financials

HYI Etf  USD 11.37  0.08  0.71%   
You can harness Western Asset High fundamental data analysis to find out if markets are presently mispricing the etf. We have analyzed and interpolated twelve available indicators for Western Asset High, which can be compared to its rivals. Please utilize Western Asset High shares owned by institutions and number of employees to make a decision on whether Western Asset High is priced some-what accurately. Use Western Asset to enhance the returns of your portfolios. Benchmarks are essential to demonstrate the utility of optimization algorithms. The etf experiences a moderate upward volatility. Check odds of Western Asset to be traded at $12.51 in 90 days.
With this module, you can analyze Western financials for your investing period. You should be able to track the changes in Western Asset individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
Understanding current and past Western Asset Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Western Asset's financial statements are interrelated, with each one affecting the others. For example, an increase in Western Asset's assets may result in an increase in income on the income statement.
Evaluating Western Asset's financials involves analyzing a range of financial metrics and ratios to gain insights into the company's financial health and performance. However, considering all of Western Asset's profitability, liquidity ratios, and efficiency indicators at the same time could be an enormous task, and our Financial Distress score can provide you with a snapshot of the Western Asset's relative financial performance

Chance Of Distress

Less than 1

Western Asset High has less than 1 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Western Asset etf is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity.
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The data published in Western Asset's official financial statements usually reflect Western Asset's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Western Asset High. For example, before you start analyzing numbers published by Western accountants, it's critical to develop an understanding of what Western Asset's liquidity, profitability, and earnings quality are in the context of the Financial Services space in which it operates.
Please note, the presentation of Western Asset's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Western Asset's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Western Asset's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Western Asset High. Please utilize our Beneish M Score to check the likelihood of Western Asset's management manipulating its earnings.

Western Asset Company Summary

Western Asset competes with Robo Global, SoFi Select, Global X, Akros Monthly, and Conductor Global. 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.
InstrumentUSA Etf View All
ExchangeNew York Stock Exchange
Investment IssuerOthers
Business Address280 Park Avenue
Etf FamilyFinancial Services
Fund CategoryOthers
Portfolio ConcentrationOthers
BenchmarkNYSE Composite
Phone800 822 5544
CurrencyUSD - US Dollar
You should never invest in Western Asset without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Western Etf, because this is throwing your money away. Analyzing the key information contained in Western Asset's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Western Asset Key Financial Ratios

Generally speaking, Western Asset's financial ratios allow both analysts and investors to convert raw data from Western Asset's financial statements into concise, actionable information that can be used to evaluate the performance of Western Asset over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Western Asset High reports annually and quarterly.

Western Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Western Asset's current stock value. Our valuation model uses many indicators to compare Western Asset value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Western Asset competition to find correlations between indicators driving Western Asset's intrinsic value. More Info.
Western Asset High is one of the top ETFs in price to earning as compared to similar ETFs. It is one of the top ETFs in five year return as compared to similar ETFs reporting about  0.41  of Five Year Return per Price to Earning. The ratio of Price to Earning to Five Year Return for Western Asset High is roughly  2.42 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Western Asset by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Western Asset's Etf . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Western Asset's earnings, one of the primary drivers of an investment's value.

Western Asset High Systematic Risk

Western Asset's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Western Asset volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fifty with a total number of output elements of eleven. The Beta measures systematic risk based on how returns on Western Asset High correlated with the market. If Beta is less than 0 Western Asset generally moves in the opposite direction as compared to the market. If Western Asset Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Western Asset High is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Western Asset is generally in the same direction as the market. If Beta > 1 Western Asset moves generally in the same direction as, but more than the movement of the benchmark.

About Western Asset Financials

What exactly are Western Asset Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Western Asset's income statement, its balance sheet, and the statement of cash flows. Potential Western Asset investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Western Asset investors may use each financial statement separately, they are all related. The changes in Western Asset's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Western Asset's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.

Steps to analyze Western Asset Financials for Investing

There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Western Asset is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Western has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
In summary, you can determine if Western Asset's financials are consistent with your investment objective using the following steps:
  • Review Western Asset's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
  • Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
  • Study the cash flow inflows and outflows to understand Western Asset's liquidity and solvency.
  • Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
  • Compare Western Asset's financials to those of its peers to see how it stacks up and identify any potential red flags.
  • Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Western Asset's stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to conduct additional research and seek professional advice.

Western Asset May 30, 2023 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Western Asset help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Western Asset High. We use our internally-developed statistical techniques to arrive at the intrinsic value of Western Asset High based on widely used predictive technical indicators. In general, we focus on analyzing Western Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Western Asset's daily price indicators and compare them against related drivers.
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.

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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.
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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.
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.