Western Asset Municipal Fund Price on November 30, 2021
| STXAX Fund | USD 12.77 0.04 0.31% |
Below is the normalized historical share price chart for Western Asset Municipal extending back to May 21, 1993. 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 12.77, as last reported on the 18th of April 2024, with the highest price reaching 12.77 and the lowest price hitting 12.77 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 very steady. Western Asset Municipal shows Sharpe Ratio of 0.0339, which attests that the fund had a 0.0339% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Western Asset Municipal, which you can use to evaluate the volatility of the fund. Please check out Western Asset's Mean Deviation of 0.1663, standard deviation of 0.236, and Market Risk Adjusted Performance of 0.9015 to validate if the risk estimate we provide is consistent with the expected return of 0.0077%.
Western Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Western |
Sharpe Ratio = 0.0339
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| Negative Returns | STXAX |
Estimated Market Risk
| 0.23 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.03 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.
Western Asset Valuation on November 30, 2021
It is possible to determine the worth of Western Asset on a given historical date. On November 30, 2021 Western was worth 13.55 at the beginning of the trading date compared to the closed value of 12.54. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Western Asset mutual fund. Still, in general, we apply an absolute valuation method to find Western Asset's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Western Asset where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Western Asset's related companies.
| Open | High | Low | Close | Volume | |
04/04/2022 | 13.55 | 13.55 | 12.54 | 12.54 | 1.00 |
| 13.54 | 13.54 | 12.53 | 12.53 | 1.00 |
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Western Asset Trading Date Momentum on November 30, 2021
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.Western Asset Municipal Fundamentals Correlations and Trends
By evaluating Western Asset's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Western Asset's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Western financial account trend analysis is a perfect complement when working with valuation or volatility modules.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 Municipal 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
Under normal circumstances, the fund invests at least 80 percent of its assets in municipal securities. It will invest primarily in municipal securities rated at the time of purchase in the lowest investment grade categories or rated below investment grade or, if unrated, determined by the sub-adviser to be of comparable credit quality.
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
Low | April 4, 2022
| High |
13.55 | 12.54 |
Western Asset April 18, 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 Municipal entry and exit signals to maximize returns
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 | (0.04) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | 0.8915 |
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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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.