Western Asset Competition

Funds . USA . 
Fund . Western Asset High
HIO Fund  USD 3.95  0.03  0.77%   
Western Asset High competes with Tekla Healthcare, Blackrock Enhanced, Tekla Life, Nuveen New, and Eaton Vance; as well as few others. The fund is not classified under any group at the present time. Analyzing Western Asset competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Western Asset to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Western Asset Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Western Asset competition on your existing holdings.
  
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Hype
Prediction
LowEstimatedHigh
3.373.954.53
Details
Intrinsic
Valuation
LowRealHigh
3.363.944.52
Details
Naive
Forecast
LowNextHigh
3.333.904.48
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
3.843.924.01
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Western Asset Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Western Asset and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Western and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Western Asset High does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
HQL
+ 0.92
HQH
HYI
+ 0.78
JLS
JLS
+ 0.68
CII
HYI
+ 0.63
NXN
MAV
+ 0.6
ENX
HYI
+ 0.57
CII
  
High negative correlations   
ENX
- 0.49
CII
JLS
- 0.37
HQH
CII
- 0.37
HQH
JLS
- 0.28
ENX
HYI
- 0.26
HQH
MAV
- 0.25
CII

Risk-Adjusted Indicators

There is a big difference between Western Fund performing well and Western Asset Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Western Asset's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
All Fundamental Data

Western Asset Competitive Analysis

The better you understand Western Asset competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Western Asset's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Western Asset's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
HIO HQH CII HQL NXN ENX JLS HYI MAV
 0.77 
 3.95 
Western
 3.05 
 17.18 
Tekla
 0.71 
 19.73 
Blackrock
 3.29 
 13.83 
Tekla
 0.59 
 11.88 
Nuveen
 0.41 
 9.83 
Eaton
 0.28 
 18.14 
Nuveen
 1.25 
 12.14 
Western
 0.35 
 8.67 
Pioneer
Market Volatility
(90 Days Market Risk)
Not too volatile
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Market Performance
(90 Days Performance)
OK
Very Weak
OK
Very Weak
Modest
Weak
Modest
Modest
Weak
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Quite High
Low
Quite High
Quite High
Low
Low
Low
Very Low
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Over Valued
Under Valued
Over Valued
Fairly Valued
Fairly Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Strong Sell
Not Available
Strong Sell
Not Available
Hold
Not Available
Not Available
Strong Sell
Trade Advice
(90 Days Macroaxis Advice)
Cautious Hold
Strong Hold
Strong Hold
Strong Hold
Hold
Hold
Sell
Cautious Hold
Hold
Current Ratio
1.52
3.21
0.62
1.34
10.81
12.91
N/A
N/A
2.62
Net Asset
N/A
932.49 M
N/A
402.6 M
50.28 M
279.47 M
N/A
N/A
271.12 M
Profit Margin
-34.19
7.31
N/A
1.56
0.46
0.46
N/A
N/A
0.2
EBITDA
N/A
56.33 M
N/A
22.35 M
2.99 M
2.76 M
N/A
N/A
(5.45 M)
Price To Book
0.77
0.89
0.94
0.89
0.93
0.92
N/A
N/A
0.94
Operating Margin
87.02
-0.0059
17.83
-0.32
0.9
0.84
N/A
N/A
0.87
Current Valuation
355.07 M
897.06 M
761.06 M
370.8 M
45.67 M
267.27 M
N/A
N/A
256.73 M
Five Year Return
2.62
8.9
11.86
8.83
3.59
4.47
2.83
2.68
5.12
Retained Earnings
N/A
5.97 M
N/A
(1.48 M)
(3.84 M)
(53.69 M)
N/A
N/A
(64.14 M)
One Year Return
11.78
N/A
22.03
N/A
N/A
N/A
14.57
11.75
N/A
Beta
0.6
0.74
1.03
0.71
0.3
0.58
0.15
0.5
0.65
Shares Outstanding
95.1 M
50.62 M
44.12 M
27.35 M
3.92 M
17.96 M
5.49 M
22.65 M
23.91 M
Three Year Return
0.25
N/A
7.53
N/A
N/A
N/A
2.76
0.81
N/A
Cash Flow From Operations
N/A
(65.41 M)
51.08 M
(12.8 M)
N/A
48.41 M
N/A
N/A
99.09 M
Annual Yield
0.0078
0.14
0.015
0.14
0.0421
0.0509
0.0066
0.0073
0.0451
Total Debt
N/A
1.15 M
N/A
666.96 K
224.92 K
86.24 M
N/A
N/A
1.05 M
Return On Equity
-2.44
0.0734
-9.2
0.0128
-0.0753
0.029
N/A
N/A
0.0122
Return On Asset
3.81
-7.0E-4
0.12
-0.0032
0.0209
0.0215
N/A
N/A
0.0329
Number Of Shares Shorted
66.86 K
74.35 K
14.77 K
63.15 K
9.53 K
4.57 K
2.19 K
34.9 K
51.52 K
Book Value Per Share
5.27
19.91
19.12
16.13
12.48
10.74
N/A
N/A
9.2
Total Asset
N/A
932.49 M
N/A
402.6 M
50.28 M
279.47 M
N/A
N/A
271.12 M
Last Dividend Paid
0.36
1.66
1.19
1.3
0.46
0.39
1.0
1.13
0.35
Debt To Equity
N/A
0.011
N/A
0.02
0.007
0.55
N/A
N/A
N/A
Short Ratio
0.28
0.68
0.14
0.93
1.0
0.5
0.21
0.42
1.0
Target Price
N/A
N/A
N/A
N/A
N/A
68.24
N/A
N/A
N/A
Shares Owned By Institutions
44.33
26.29
20.63
35.34
19.09
51.16
53.97
39.62
50.81
Market Capitalization
412.73 M
897.07 M
888.16 M
391.11 M
46.35 M
176.56 M
97.46 M
305.2 M
206.86 M
Price To Earning
28.39
3.38
8.18
2.84
41.99
36.45
16.08
18.56
13.34
Price To Sales
10.98
89.98
79.65
111.34
22.45
14.34
N/A
N/A
10.56
Net Income
(12.02 M)
56.33 M
(80.97 M)
22.35 M
2.99 M
2.76 M
N/A
N/A
3.85 M
Earnings Per Share
0.14
1.31
2.21
1.34
0.81
0.31
0.99
0.63
0.16
Shares Owned By Insiders
N/A
0.007
0.01
0.011
N/A
N/A
N/A
N/A
N/A
Year To Date Return
5.06
N/A
15.4
N/A
N/A
N/A
11.61
5.65
N/A
Revenue
35.16 M
58.12 M
10 M
23.52 M
1.66 M
3.02 M
N/A
N/A
19.57 M
Cash And Equivalents
1.55 M
62
220.86 K
292.4 K
788.04 K
1.33 M
N/A
N/A
2.6 M
Cash Per Share
0.02
N/A
N/A
0.01
0.2
0.07
N/A
N/A
0.11
Gross Profit
36.3 M
8.27 M
10.28 M
3.02 M
1.84 M
11.43 M
N/A
N/A
17.03 M
Day Typical Price
3.95
17.2
19.71
13.8
11.86
9.8
18.15
12.09
8.65
Accumulation Distribution
3611.83
3215.71
560.38
1659.78
0.0059
0.0102
44.09
530.16
0.0058
Market Facilitation Index
N/A
0.0
0.0
0.0
0.07
0.1
0.0
0.0
0.05
Daily Balance Of Power
1.0
(2.35)
0.8235
(2.35)
1.0
0.4
0.4167
1.0
0.6
Period Momentum Indicator
0.03
(0.54)
0.14
(0.47)
0.07
0.04
0.05
0.15
0.03
Rate Of Daily Change
1.01
0.97
1.01
0.97
1.01
1.0
1.0
1.01
1.0
Day Median Price
3.96
17.2
19.7
13.78
11.85
9.79
18.15
12.07
8.65
Price Action Indicator
0.01
(0.29)
0.11
(0.19)
0.07
0.06
0.015
0.15
0.04
Coefficient Of Variation
1123.43
(1,099)
1203.8
(1,275)
1361.01
(12,230)
950.89
2086.45
3541.51
Mean Deviation
0.4076
0.7798
0.4498
0.8147
0.316
0.4362
0.3657
0.4304
0.4226
Jensen Alpha
0.0234
(0.17)
(0.01)
(0.17)
0.021
(0.01)
0.0397
0.008
(0)
Total Risk Alpha
(0.02)
(0.23)
(0.03)
(0.23)
(0.03)
(0.08)
(0.01)
(0.05)
(0.06)
Sortino Ratio
(0.07)
N/A
(0.07)
N/A
(0.14)
N/A
(0.09)
(0.12)
(0.11)
Downside Variance
0.4277
N/A
0.4774
N/A
0.2158
N/A
0.2547
0.312
0.5321
Standard Deviation
0.5874
1.09
0.5777
1.16
0.4147
0.562
0.4718
0.56
0.6309
Kurtosis
1.35
5.55
0.1855
4.36
0.2617
0.5978
(0.26)
0.109
4.55
Potential Upside
1.27
1.31
1.01
1.5
0.7481
0.8448
0.7937
0.9129
0.8149
Treynor Ratio
0.1914
(0.16)
0.0667
(0.13)
(3.36)
0.1925
(30.47)
0.1634
0.0526
Maximum Drawdown
3.08
6.45
2.54
6.62
2.08
2.58
2.17
2.53
4.54
Variance
0.345
1.18
0.3337
1.34
0.172
0.3158
0.2226
0.3137
0.398
Market Risk Adjusted Performance
0.2014
(0.15)
0.0767
(0.12)
(3.35)
0.2025
(30.46)
0.1734
0.0626
Risk Adjusted Performance
0.0642
(0.07)
0.0595
(0.06)
0.0472
(0.01)
0.0733
0.0327
0.0193
Skewness
0.2593
(1.11)
(0.42)
(0.88)
(0.24)
(0.44)
0.0145
0.0656
(0.76)
Semi Deviation
0.4204
N/A
0.6383
N/A
0.3415
N/A
0.3821
0.4976
0.6358
Information Ratio
(0.07)
(0.18)
(0.08)
(0.16)
(0.16)
(0.18)
(0.1)
(0.12)
(0.12)
Value At Risk
(1.01)
(1.58)
(0.97)
(1.95)
(0.59)
(0.81)
(0.72)
(0.92)
(1.04)
Expected Short fall
(0.57)
N/A
(0.41)
N/A
(0.38)
N/A
(0.40)
(0.49)
(0.47)
Downside Deviation
0.654
N/A
0.6909
N/A
0.4646
N/A
0.5047
0.5585
0.7295
Semi Variance
0.1767
N/A
0.4075
N/A
0.1167
N/A
0.146
0.2476
0.4042

Western Asset Competition Performance Charts

Five steps to successful analysis of Western Asset Competition

Western Asset's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Western Asset High in relation to its competition. Western Asset's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Western Asset in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Western Asset's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Western Asset High, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

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Other Information on Investing in Western Fund

Western Asset financial ratios help investors to determine whether Western Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Western with respect to the benefits of owning Western Asset security.
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