Western Asset Financials
We strongly advise to harness Western Asset Municipal fundamental analysis to find out if markets are presently mispricing the fund. Specifically this technique allows you to validate available financial indicators of Western Asset Municipal as well as the relationship between them. We were able to analyze thirteen available indicators for Western Asset Municipal, which can be compared to its rivals.
Western |
Please note that past performance is not an indicator of the future performance of Western Asset, its manager's success, or the effectiveness of its strategy. The performance results shown here may have been adversely or favorably impacted by events and economic conditions that may not prevail in the future. Therefore, you must use caution to infer that these results indicate any fund, manager, or strategy's future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost.
Western Asset Fund Summary
Western Asset competes with Western Asset, Western Asset, and Western Asset. Under normal circumstances, the fund invests at least 80 percent of its assets in municipal securities. Western Asset is traded on NASDAQ Exchange in the United States.| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| ISIN | US52469F5807 |
| Business Address | Legg Mason Co, |
| Mutual Fund Family | Franklin Templeton Investments |
| Mutual Fund Category | High Yield Muni |
| Benchmark | NYSE Composite |
| Phone | 877 721 1926 |
| Currency | USD - US Dollar |
You should never invest in Western Asset Municipal without having analyzed available financial metrics that contribute to the net asset value (NAV) of the fund. Do not rely on someone else's analysis or guesses about the future performance of Western Mutual Fund, because this is throwing your money away. Analyzing the key information contained in Western Asset's prospectus and an annual reports, 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 Municipal 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 Municipal is rated third largest fund in annual yield among similar funds. It is rated top fund in year to date return among similar funds creating about 4.56 of Year To Date Return per Annual Yield. 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 Mutual Fund. 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 Municipal 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 twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on Western Asset Municipal 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 Municipal 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.
Western Asset April 18, 2024 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 Municipal. We use our internally-developed statistical techniques to arrive at the intrinsic value of Western Asset Municipal based on widely used predictive technical indicators. In general, we focus on analyzing Western Mutual Fund 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.
| Downside Deviation | 0.2993 | |||
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 1.4 | |||
| Value At Risk | (0.31) | |||
| Potential Upside | 0.3876 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Western Asset Municipal. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Western Asset Municipal information on this page should be used as a complementary analysis to other Western Asset's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.