Western Mutual Fund Quote

WAADX
 Fund
  

USD 6.39  0.02  0.31%   

Market Performance
0 of 100
Odds Of Distress
Less than 1
Western Asset is trading at 6.39 as of the 30th of November 2022; that is 0.31% increase since the beginning of the trading day. The fund's open price was 6.37. Western Asset has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Western Asset Smash are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 31st of October 2022 and ending today, the 30th of November 2022. Click here to learn more.
The fund presently intends to limit its investments to U.S. dollar denominated securities and currently anticipates that it will generally only purchase debt securities that are rated in the Baa or BBB categories or above at the time of purchase by one or more Nationally Recognized Statistical Rating Organizations or unrated securities of comparable quality at the time of purchase. More on Western Asset Smash

Western Asset Mutual Fund 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.
Western Asset Smash generated a negative expected return over the last 90 days
Western Asset Smash is unlikely to experience financial distress in the next 2 years
On 15th of November 2022 Western Asset paid $ 0.0302 per share dividend to its current shareholders
The fund keeps about 28.74% of its net assets in cash
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
Strong HoldFairly Valued
Startdate17th of August 2020
Western Asset Smash [WAADX] is traded in USA and was established 30th of November 2022. The fund is listed under Intermediate Core Bond category and is part of Franklin Templeton Investments family. Western Asset Smash at this time has accumulated 467.08 M in net assets with no minimum investment requirements
Check Western Asset Probability Of Bankruptcy

Instrument Allocation

Western Asset Target Price Odds Analysis

Based on a normal probability distribution, the odds of Western Asset jumping above the current price in 90 days from now is about 50.0%. The Western Asset Smash probability density function shows the probability of Western Asset mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Western Asset has a beta of 0.2721. This entails 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 Smash 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 Smash is significantly underperforming DOW.
  Odds Below 6.39HorizonTargetOdds Above 6.39
49.75%90 days
 6.39 
50.00%
Based on a normal probability distribution, the odds of Western Asset to move above the current price in 90 days from now is about 50.0 (This Western Asset Smash probability density function shows the probability of Western Mutual Fund to fall within a particular range of prices over 90 days) .

Western Asset Smash 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 mutual fund 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 mutual fund 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 Smash 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 Smash?

The danger of trading Western Asset Smash is mainly related to its market volatility and Mutual Fund 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 Smash 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.
Check out Your Current Watchlist. Note that the Western Asset Smash 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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

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When running Western Asset Smash 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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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.