Western Asset Short Etf Market Value
| WINC Etf | USD 24.08 0.04 0.17% |
| Symbol | Western |
The market value of Western Asset Short is measured differently than its book value, which is the value of Western that is recorded on the company's balance sheet. Investors also form their own opinion of Western Asset's value that differs from its market value or its book value, called intrinsic value, which is Western Asset's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Western Asset's market value can be influenced by many factors that don't directly affect Western Asset's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Western Asset's value and its price as these two are different measures arrived at by different means. Investors typically determine if Western Asset is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Western Asset's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Western Asset 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Western Asset's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Western Asset.
| 09/04/2023 |
| 11/27/2024 |
If you would invest 0.00 in Western Asset on September 4, 2023 and sell it all today you would earn a total of 0.00 from holding Western Asset Short or generate 0.0% return on investment in Western Asset over 450 days. Western Asset is related to or competes with IShares 5, IShares 0, SPDR Barclays, and IShares Core. Under normal market conditions, the fund invests at least 80 percent of its net assets, plus borrowings for investment p... More
Western Asset Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Western Asset's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Western Asset Short upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1321 | |||
| Information Ratio | (1.03) | |||
| Maximum Drawdown | 0.7062 | |||
| Value At Risk | (0.17) | |||
| Potential Upside | 0.209 |
Western Asset Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Western Asset's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Western Asset's standard deviation. In reality, there are many statistical measures that can use Western Asset historical prices to predict the future Western Asset's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.94) | |||
| Treynor Ratio | (0.20) |
Western Asset Short Backtested Returns
At this point, Western Asset is very steady. Western Asset Short shows Sharpe Ratio of 0.0905, which attests that the etf had a 0.0905% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Western Asset Short, which you can use to evaluate the volatility of the etf. Please check out Western Asset's Downside Deviation of 0.1321, mean deviation of 0.0908, and Market Risk Adjusted Performance of (0.19) to validate if the risk estimate we provide is consistent with the expected return of 0.0111%. The entity maintains a market beta of 0.0181, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Western Asset's returns are expected to increase less than the market. However, during the bear market, the loss of holding Western Asset is expected to be smaller as well.
Auto-correlation | 0.97 |
Excellent predictability
Western Asset Short has excellent predictability. Overlapping area represents the amount of predictability between Western Asset time series from 4th of September 2023 to 16th of April 2024 and 16th of April 2024 to 27th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Western Asset Short price movement. The serial correlation of 0.97 indicates that 97.0% of current Western Asset price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.97 | |
| Spearman Rank Test | 0.91 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Western Asset Short lagged returns against current returns
Autocorrelation, which is Western Asset etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Western Asset's etf expected returns. We can calculate the autocorrelation of Western Asset returns to help us make a trade decision. For example, suppose you find that Western Asset has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Western Asset regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Western Asset etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Western Asset etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Western Asset etf over time.
Current vs Lagged Prices |
| Timeline |
Western Asset Lagged Returns
When evaluating Western Asset's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Western Asset etf have on its future price. Western Asset autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Western Asset autocorrelation shows the relationship between Western Asset etf current value and its past values and can show if there is a momentum factor associated with investing in Western Asset Short.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Western Asset Short offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Western Asset's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Western Asset Short Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Western Asset Short Etf:Check out Western Asset Correlation, Western Asset Volatility and Western Asset Alpha and Beta module to complement your research on Western Asset. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Western Asset technical etf 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, etf market cycles, or different charting patterns.