HIX Some Good Characteristics, But Distribution Is Destructive - Seeking Alpha
| HIX Fund | USD 4.41 0.02 0.46% |
Slightly above 53% of Western Asset's investor base is interested to short. The analysis of overall sentiment of trading Western Asset High fund suggests that many investors are impartial at this time. Western Asset's investing sentiment can be driven by a variety of factors including economic data, Western Asset's earnings reports, geopolitical events, and overall market trends.
Western |
HIX Some Good Characteristics, But Distribution Is Destructive Seeking Alpha
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Western Asset Fundamental Analysis
We analyze Western Asset'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 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.
Price To Book
Price To Book Comparative Analysis
Western Asset is currently under evaluation in price to book among similar funds. Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Western Asset High Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Western Asset fund to make a market-neutral strategy. 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 with similar companies.
Peers
Western Asset Related Equities
| HYI | Western Asset | 1.25 | ||||
| CII | Blackrock Enhanced | 0.71 | ||||
| NXN | Nuveen New | 0.59 | ||||
| ENX | Eaton Vance | 0.41 | ||||
| MAV | Pioneer Municipal | 0.35 | ||||
| JLS | Nuveen Mortgage | 0.28 | ||||
| HQH | Tekla Healthcare | 3.05 | ||||
| HQL | Tekla Life | 3.29 |
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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