Western Etf Profile


USD 13.00  0.04  0.31%   

Market Performance
0 of 100
Odds Of Distress
Less than 46
Western Asset is selling for 13.00 as of the 2nd of December 2022. This is a -0.31 percent decrease since the beginning of the trading day. The etf's open price was 13.04. Western Asset has 46 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Equity ratings for Western Asset Global are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 2nd of November 2022 and ending today, the 2nd of December 2022. Click here to learn more.
Western Asset Global Corporate 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.. The company has 14.94 M outstanding shares of which 1.29 K shares are currently shorted by investors with about 0.03 days to cover. More on Western Asset Global

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Western Asset Etf Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Western Asset's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Western Asset or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
On 1st of December 2022 Western Asset paid $ 0.101 per share dividend to its current shareholders
ChairmanJane Trust
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Western Asset's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Two Hundred Day Average13.76
Average Daily Volume In Three Month38.29k
Fifty Two Week Low11.15
Shares Percent Shares Out0.01%
Shares Short Prior Month2.97k
Average Daily Volume Last 10 Day28.57k
Date Short Interest14th of October 2022
Fifty Two Week High17.57
Fifty Day Average11.94
Western Asset Global [GDO] is traded in USA and was established null. The fund is not classified under any group at the present time. The fund currently have in assets under management (AUM).
Check Western Asset Probability Of Bankruptcy

Western Asset Target Price Odds Analysis

Proceeding from a normal probability distribution, the odds of Western Asset jumping above the current price in 90 days from now is about 8.49%. The Western Asset Global probability density function shows the probability of Western Asset etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Western Asset has a beta of 0.49. This usually indicates as returns on the market go up, Western Asset average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Western Asset Global will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Western Asset Global is significantly underperforming NYSE Composite.
  Odds Below 13.0HorizonTargetOdds Above 13.0
91.42%90 days
Based on a normal probability distribution, the odds of Western Asset to move above the current price in 90 days from now is about 8.49 (This Western Asset Global probability density function shows the probability of Western Etf to fall within a particular range of prices over 90 days) .

Western Asset Major Institutional Holders

Institutional Holdings refers to the ownership stake in Western Asset that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Western Asset's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Western Asset's value.
InstituionSecurity TypeTotal SharesValue
Yorktown Management Research Co IncFund Units35.4 K617 K
View Western Asset Diagnostics

Western Asset Global Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Western Asset market risk premium is the additional return an investor will receive from holding Western Asset long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Western Asset. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Western Asset's alpha and beta are two of the key measurements used to evaluate Western Asset's performance over the market, the standard measures of volatility play an important role as well.

Western Asset Against Markets

Picking the right benchmark for Western Asset etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Western Asset etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Western Asset is critical whether you are bullish or bearish towards Western Asset Global at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Western Asset without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Invested in Western Asset Global?

The danger of trading Western Asset Global is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Western Asset is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Western Asset. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Western Asset Global is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please check Risk vs Return Analysis. Note that the Western Asset Global 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 Fund Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

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When running Western Asset Global 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 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 Global 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 Western Asset value 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.