Western Asset High Fund Price on October 11, 2023

HIX Fund  USD 4.47  0.03  0.67%   
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 4.47, as last reported on the 4th of December, with the highest price reaching 4.50 and the lowest price hitting 4.47 during the day.
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
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 0.16, which attests that the fund had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine 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 0.4173, market risk adjusted performance of 0.5984, and Downside Deviation of 0.5309 to validate if the risk estimate we provide is consistent with the expected return of 0.0871%.
  
Western Fund price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.1606

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Estimated Market Risk

 0.54
  actual daily
4
96% of assets are more volatile

Expected Return

 0.09
  actual daily
1
99% of assets have higher returns

Risk-Adjusted Return

 0.16
  actual daily
12
88% of assets perform better
Based on monthly moving average Western Asset is performing at about 12% 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

Western Asset Valuation on October 11, 2023

It is possible to determine the worth of Western Asset on a given historical date. On October 11, 2023 Western was worth 3.8 at the beginning of the trading date compared to the closed value of 3.82. 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
  3.77    3.80    3.76    3.79    92,697  
10/11/2023
  3.80    3.84    3.80    3.82    148,268  
  3.80    3.81    3.78    3.80    127,598  
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Open Value
3.8
3.82
Closing Value
5.43
Upside

Western Asset Trading Date Momentum on October 11, 2023

On October 12 2023 Western Asset High was traded for  3.80  at the closing time. Highest Western Asset's price during the trading hours was 3.81  and the lowest price during the day was  3.78 . The net volume was 127.6 K. The overall trading history on the 12th of October 2023 contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 0.52% . The trading price change to current price is 3.40% .

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.
A focus of Western Asset technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Western Asset trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Western Asset Period Price Range

Low
December 4, 2024
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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 December 4, 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.

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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