George Hoyt - Western Asset Secretary, Chief Legal Officer
| MNPDelisted Fund | USD 11.84 0.00 0.00% |
| Age | 55 |
| Tenure | 4 years |
| Phone | 800-822-5544 |
| Web | https://www.leggmason.com/en-us/products/closed-end-funds/western-asset-municipal-partners-fund-inc.html |
Western Asset Management Performance (%)
The company has Return on Asset of 1.43 % which means that on every $100 spent on assets, it made $1.43 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (11.15) %, meaning that it generated no profit with money invested by stockholders. Western Asset's management efficiency ratios could be used to measure how well Western Asset manages its routine affairs as well as how well it operates its assets and liabilities.Western Asset Municipal has 67.69 M in debt with debt to equity (D/E) ratio of 0.42, which is OK given its current industry classification. Western Asset Municipal has a current ratio of 1.18, demonstrating that it may not be capable to disburse its financial commitments when the payables are due. Debt can assist Western Asset until it has trouble settling it off, either with new capital or with free cash flow. So, Western Asset's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Western Asset Municipal sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Western to invest in growth at high rates of return. When we think about Western Asset's use of debt, we should always consider it together with cash and equity.
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Management Performance
| Return On Equity | -11.15 | |||
| Return On Asset | 1.43 |
Western Asset Municipal Leadership Team
Elected by the shareholders, the Western Asset's board of directors comprises two types of representatives: Western Asset inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Western. The board's role is to monitor Western Asset's management team and ensure that shareholders' interests are well served. Western Asset's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Western Asset's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Daniel Cronin, Independent Director | ||
| Christopher Berarducci, Principal Financial Officer, Treasurer | ||
| Todd Kuehl, Chief Compliance Officer | ||
| Jane Trust, Chairman of the Board and Presidentident, CEO, Trustee/ Director | ||
| Jeanne Kelly, Senior Vice President | ||
| Robert Frenkel, Secretary, Chief Legal Officer | ||
| Eileen Kamerick, Independent Director | ||
| Nisha Kumar, Independent Director | ||
| Paolo Cucchi, Independent Director | ||
| Robert Agdern, Independent Director | ||
| Carol Colman, Independent Director | ||
| William Hutchinson, Lead Independent Director | ||
| Thomas Mandia, Assistant Secretary | ||
| George Hoyt, Secretary, Chief Legal Officer | ||
| Jenna Bailey, Identity Theft Prevention Officer | ||
| Fred Jensen, Chief Compliance Officer |
Western Fund Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right fund is not an easy task. Is Western Asset a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | -11.15 | |||
| Return On Asset | 1.43 | |||
| Profit Margin | (237.01) % | |||
| Operating Margin | 69.01 % | |||
| Current Valuation | 190.91 M | |||
| Shares Outstanding | 9.72 M | |||
| Shares Owned By Institutions | 32.64 % | |||
| Number Of Shares Shorted | 3.21 K | |||
| Price To Earning | 17.51 X | |||
| Price To Book | 0.74 X |
Pair Trading with Western Asset
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Western Asset position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Western Asset will appreciate offsetting losses from the drop in the long position's value.Moving against Western Fund
| 0.7 | NHS | Neuberger Berman High | PairCorr |
| 0.49 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.41 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.38 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.33 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
The ability to find closely correlated positions to Western Asset could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Western Asset when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Western Asset - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Western Asset Municipal to buy it.
The correlation of Western Asset is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Western Asset moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Western Asset Municipal moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Western Asset can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Other Consideration for investing in Western Fund
If you are still planning to invest in Western Asset Municipal check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Western Asset's history and understand the potential risks before investing.
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