Western Asset Managed Fund Price on August 30, 2019
| SMMYX Fund | USD 14.89 0.01 0.07% |
Below is the normalized historical share price chart for Western Asset Managed extending back to November 19, 1998. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Western Asset stands at 14.89, as last reported on the 23rd of April, with the highest price reaching 14.89 and the lowest price hitting 14.89 during the day.
If you're considering investing in Western Mutual Fund, it is important to understand the factors that can impact its price. We consider Western Asset out of control. Western Asset Managed shows Sharpe Ratio of 0.0352, which attests that the fund had a 0.0352% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Western Asset Managed, which you can use to evaluate the volatility of the fund. Please check out Western Asset's Mean Deviation of 0.1188, downside deviation of 0.2357, and Market Risk Adjusted Performance of (0.12) to validate if the risk estimate we provide is consistent with the expected return of 0.0066%.
Western Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Western |
Sharpe Ratio = 0.0352
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| Negative Returns | SMMYX |
Estimated Market Risk
| 0.19 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 2 98% of assets perform better |
Based on monthly moving average Western Asset is performing at about 2% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Western Asset by adding it to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
About Western Asset Mutual Fund history
Western Asset investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Western is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Western Asset Managed will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Western Asset stock prices may prove useful in developing a viable investing in Western Asset
The fund normally invests at least 80 percent of its assets in municipal securities and other investments with similar economic characteristics, the interest on which is exempt from regular federal income tax but which may be subject to the federal alternative minimum tax. It normally invests in intermediate-term and long-term municipal securities that have remaining maturities from one to more than thirty years at the time of purchase.
Western Asset Mutual Fund Technical Analysis
Western Asset technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Western Asset Period Price Range
Western Asset April 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Western Asset mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Western Asset shares will generate the highest return on investment. By undertsting and applying Western Asset mutual fund market strength indicators, traders can identify Western Asset Managed entry and exit signals to maximize returns
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 14.89 | |||
| Day Typical Price | 14.89 | |||
| Price Action Indicator | 0.005 | |||
| Period Momentum Indicator | 0.01 |
Western Asset Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Western Asset's price direction in advance. Along with the technical and fundamental analysis of Western Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Western to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.37) | |||
| Treynor Ratio | (0.13) |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Western Asset Managed. 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 manufacturing. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.