Western Asset High Fund Price on May 31, 2024
| HIX Fund | USD 4.41 0.02 0.46% |
Below is the normalized historical share price chart for Western Asset High extending back to May 22, 1998. 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 4.41, as last reported on the 22nd of November, with the highest price reaching 4.44 and the lowest price hitting 4.39 during the day.
If you're considering investing in Western Fund, it is important to understand the factors that can impact its price. At this stage we consider Western Fund to be not too volatile. Western Asset High shows Sharpe Ratio of 0.15, which attests that the fund had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Western Asset High, which you can use to evaluate the volatility of the fund. Please check out Western Asset's Mean Deviation of 0.3686, downside deviation of 0.5059, and Market Risk Adjusted Performance of 0.5371 to validate if the risk estimate we provide is consistent with the expected return of 0.0788%.
Western Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Western |
Sharpe Ratio = 0.1513
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Estimated Market Risk
| 0.52 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Western Asset is performing at about 11% 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.
Market Capitalization 329.4 M |
Related Headline
Tekla Healthcare Headline on 31st of May 2024
Acquisition by Daniel Omstead of 5000 shares of Tekla Health... by MacroaxisInsider
Filed transaction by Tekla Healthcare Investors Director, Officer President. Grant, award or other acquisition pursuant to Rule 16b-3
Western Asset Valuation on May 31, 2024
It is possible to determine the worth of Western Asset on a given historical date. On May 31, 2024 Western was worth 4.1 at the beginning of the trading date compared to the closed value of 4.11. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Western Asset 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 | |
| 4.07 | 4.08 | 4.05 | 4.07 | 211,804 | |
05/31/2024 | 4.10 | 4.11 | 4.07 | 4.11 | 246,919 |
| 4.13 | 4.18 | 4.11 | 4.16 | 415,344 |
| Backtest Western Asset | | | Western Asset History | | | Western Asset Valuation | Previous | Next |
Western Asset Trading Date Momentum on May 31, 2024
| On June 03 2024 Western Asset High was traded for 4.16 at the closing time. Highest Western Asset's price during the trading hours was 4.18 and the lowest price during the day was 4.11 . The net volume was 415.3 K. The overall trading history on the 3rd of June contributed to the next trading period price jump. The trading delta at closing time to the next next day price was 1.22% . The trading price change to current price is 1.22% . |
Western Asset High 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 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 High 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
Western Asset High Income Fund II Inc. is a closed-ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Limited, and Western Asset Management Company Pte. Ltd. It invests in the fixed income markets across the globe. The fund invests in securities of companies that operate across diversified sectors. It invests in high yield debt securities issued by U.S., foreign corporations and foreign governments. The fund employs a combination of quantitative and fundamental analysis with bottom-up security selection process to create its portfolio. It benchmarks the performance of its portfolio against Barclays Capital U.S. Corporate High Yield 2 percent Issuer Cap Index and the JPMorgan Emerging Markets Bond Index Global. Western Asset High Income Fund II, Inc. was formed on May 28, 1998 and is domiciled in the United States.
Western Asset Fund Technical Analysis
Western Asset technical 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 | November 22, 2024
| High |
0.00 | 0.00 |
Western Asset High cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Western Asset November 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Western Asset 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 fund market strength indicators, traders can identify Western Asset High 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 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 | 0.094 | |||
| Jensen Alpha | 0.0451 | |||
| Total Risk Alpha | (0.0009) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.5271 |
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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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