Western Asset High Fund Chance Of Distress
| HIO Fund | USD 3.98 0.03 0.76% |
Western |
Western Asset High Fund odds of distress Analysis
Western Asset's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
More About Probability Of Bankruptcy | All Equity Analysis
Probability Of Bankruptcy | = | Normalized | | Z-Score |
Current Western Asset Probability Of Bankruptcy | Less than 15% |
Most of Western Asset's fundamental indicators, such as Probability Of Bankruptcy, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Western Asset High is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Western Asset probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting Western Asset odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of Western Asset High financial health.
The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
| Competition |
Based on the latest financial disclosure, Western Asset High has a Probability Of Bankruptcy of 15.0%. This is much higher than that of the Financial Services family and significantly higher than that of the Asset Management category. The probability of bankruptcy for all United States funds is notably lower than that of the firm.
Western Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Western Asset's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the funds which would be a good addition to a portfolio. Peer analysis of Western Asset could also be used in its relative valuation, which is a method of valuing Western Asset by comparing valuation metrics of similar companies.Western Asset is currently under evaluation in probability of bankruptcy among similar funds.
Western Fundamentals
| Return On Equity | -2.44 | ||||
| Return On Asset | 3.81 | ||||
| Profit Margin | (34.19) % | ||||
| Operating Margin | 87.02 % | ||||
| Current Valuation | 355.07 M | ||||
| Shares Outstanding | 95.1 M | ||||
| Shares Owned By Institutions | 44.33 % | ||||
| Number Of Shares Shorted | 66.86 K | ||||
| Price To Earning | 28.39 X | ||||
| Price To Book | 0.77 X | ||||
| Price To Sales | 10.98 X | ||||
| Revenue | 35.16 M | ||||
| Gross Profit | 36.3 M | ||||
| Net Income | (12.02 M) | ||||
| Cash And Equivalents | 1.55 M | ||||
| Cash Per Share | 0.02 X | ||||
| Current Ratio | 1.52 X | ||||
| Book Value Per Share | 5.27 X | ||||
| Short Ratio | 0.28 X | ||||
| Earnings Per Share | 0.14 X | ||||
| Number Of Employees | 16 | ||||
| Beta | 0.6 | ||||
| Market Capitalization | 412.73 M | ||||
| Annual Yield | 0.01 % | ||||
| Year To Date Return | 5.45 % | ||||
| One Year Return | 11.23 % | ||||
| Three Year Return | 0.50 % | ||||
| Five Year Return | 2.77 % | ||||
| Last Dividend Paid | 0.36 |
About Western Asset Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Western Asset High's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Western Asset using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Western Asset High based on its fundamental data. In general, a quantitative approach, as applied to this fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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 together with Western Fund
Moving against Western Fund
| 0.62 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.61 | VVR | Invesco Senior Income | PairCorr |
| 0.33 | MRK | Merck Company Fiscal Year End 6th of February 2025 | 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 High 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 High 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.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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