Western Asset E Fund Technical Analysis
| WABAX Fund | USD 10.26 0.04 0.39% |
As of the 19th of April, Western Asset maintains the Standard Deviation of 0.423, mean deviation of 0.3317, and Market Risk Adjusted Performance of (0.17). Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of Western Asset E, as well as the relationship between them. Specifically, you can use this information to find out if the fund will indeed mirror its model of past data patterns, or the prices will eventually revert. We were able to analyze thirteen technical drivers for Western Asset E, which can be compared to its peers. Please check out Western Asset E market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and skewness to decide if Western Asset E is priced fairly, providing market reflects its latest price of 10.26 per share.
Western Asset Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Western, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to WesternWestern |
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.
Western Asset E Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Western Asset E volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Western Asset E Trend Analysis
Use this graph to draw trend lines for Western Asset E. You can use it to identify possible trend reversals for Western Asset as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Western Asset price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Western Asset Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Western Asset E applied against its price change over selected period. The best fit line has a slop of 0.0028 , which may suggest that Western Asset E market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.29, which is the sum of squared deviations for the predicted Western Asset price change compared to its average price change.About Western Asset Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Western Asset E on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Western Asset E based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Western Asset E price pattern first instead of the macroeconomic environment surrounding Western Asset E. By analyzing Western Asset's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Western Asset's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Western Asset specific price patterns or momentum indicators. Please read more on our technical analysis page.
Western Asset April 19, 2024 Technical Indicators
Most technical analysis of Western help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Western from various momentum indicators to cycle indicators. When you analyze Western charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.07) | |||
| Market Risk Adjusted Performance | (0.17) | |||
| Mean Deviation | 0.3317 | |||
| Coefficient Of Variation | (1,023) | |||
| Standard Deviation | 0.423 | |||
| Variance | 0.1789 | |||
| Information Ratio | (0.26) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.18) | |||
| Maximum Drawdown | 2.19 | |||
| Value At Risk | (0.76) | |||
| Potential Upside | 0.4789 | |||
| Skewness | (0.68) | |||
| Kurtosis | 0.7047 |
Western Asset E One Year Return
Based on the recorded statements, Western Asset E has an One Year Return of -1.5277%. This is 128.19% lower than that of the Franklin Templeton Investments family and significantly lower than that of the Intermediate Core Bond category. The one year return for all United States funds is notably higher than that of the company.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Asset E. 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 E 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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.