Western Assets Emerging Fund Market Value
| XEMDX Fund | USD 10.69 0.05 0.47% |
| Symbol | Western |
Please note, there is a significant difference between Western Assets' value and its price as these two are different measures arrived at by different means. Investors typically determine if Western Assets is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Western Assets' 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 Assets '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 Assets' mutual fund 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 Assets.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Western Assets on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Western Assets Emerging or generate 0.0% return on investment in Western Assets over 30 days. Western Assets is related to or competes with Federated Mdt, Knights Of, Goldman Sachs, Qs Us, T Rowe, and Transamerica Large. Western Assets is entity of United States More
Western Assets 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 Assets' mutual fund 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 Assets Emerging upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4194 | |||
| Information Ratio | (0.36) | |||
| Maximum Drawdown | 1.68 | |||
| Value At Risk | (0.56) | |||
| Potential Upside | 0.5545 |
Western Assets Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Western Assets' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Western Assets' standard deviation. In reality, there are many statistical measures that can use Western Assets historical prices to predict the future Western Assets' volatility.| Risk Adjusted Performance | 0.0079 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.29) | |||
| Treynor Ratio | (0.04) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Western Assets' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Western Assets Emerging Backtested Returns
At this stage we consider Western Mutual Fund to be very steady. Western Assets Emerging shows Sharpe Ratio of 0.0062, which attests that the fund had a 0.0062% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Western Assets Emerging, which you can use to evaluate the volatility of the fund. Please check out Western Assets' Downside Deviation of 0.4194, mean deviation of 0.2299, and Market Risk Adjusted Performance of (0.03) to validate if the risk estimate we provide is consistent with the expected return of 0.002%. The entity maintains a market beta of 0.0218, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Western Assets' returns are expected to increase less than the market. However, during the bear market, the loss of holding Western Assets is expected to be smaller as well.
Auto-correlation | -0.56 |
Good reverse predictability
Western Assets Emerging has good reverse predictability. Overlapping area represents the amount of predictability between Western Assets time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Assets Emerging price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Western Assets price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Western Assets Emerging lagged returns against current returns
Autocorrelation, which is Western Assets mutual fund'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 Assets' mutual fund expected returns. We can calculate the autocorrelation of Western Assets returns to help us make a trade decision. For example, suppose you find that Western Assets has exhibited high autocorrelation historically, and you observe that the mutual fund 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 Assets 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 Assets mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Western Assets mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Western Assets mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Western Assets Lagged Returns
When evaluating Western Assets' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Western Assets mutual fund have on its future price. Western Assets 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 Assets autocorrelation shows the relationship between Western Assets mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Western Assets Emerging.
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.Other Information on Investing in Western Mutual Fund
Western Assets financial ratios help investors to determine whether Western Mutual 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 Assets security.
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