Western Asset High Fund Analysis

HIX Fund  USD 4.24  0.02  0.47%   
Below is the normalized historical share price chart for Western Asset High extending back to May 22, 1998. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Western Asset stands at 4.24, as last reported on the 2nd of February, with the highest price reaching 4.25 and the lowest price hitting 4.22 during the day.
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
 
Interest Hikes
Western Asset High holds a debt-to-equity ratio of 0.519. With a high degree of financial leverage come high-interest payments, which usually reduce Western Asset's Earnings Per Share (EPS).

Asset vs Debt

Equity vs Debt

Western Asset's liquidity is one of the most fundamental aspects of both its future profitability and its ability to meet different types of ongoing financial obligations. Western Asset's cash, liquid assets, total liabilities, and shareholder equity can be utilized to evaluate how much leverage the Fund is using to sustain its current operations. For traders, higher-leverage indicators usually imply a higher risk to shareholders. In addition, it helps Western Fund's retail investors understand whether an upcoming fall or rise in the market will negatively affect Western Asset's stakeholders.
For most companies, including Western Asset, marketable securities, inventories, and receivables are the most common assets that could be converted to cash. However, for Western Asset High, the most critical issue when managing liquidity is ensuring that current assets are properly aligned with current liabilities. If they are not, Western Asset's management will need to obtain alternative financing to ensure there are always enough cash equivalents on the balance sheet to meet obligations.
Market Capitalization
329.4 M
Given that Western Asset's debt-to-equity ratio measures a Fund's obligations relative to the value of its net assets, it is usually used by traders to estimate the extent to which Western Asset is acquiring new debt as a mechanism of leveraging its assets. A high debt-to-equity ratio is generally associated with increased risk, implying that it has been aggressive in financing its growth with debt. Another way to look at debt-to-equity ratios is to compare the overall debt load of Western Asset to its assets or equity, showing how much of the company assets belong to shareholders vs. creditors. If shareholders own more assets, Western Asset is said to be less leveraged. If creditors hold a majority of Western Asset's assets, the Fund is said to be highly leveraged.
Western Asset High is fairly valued with Real Value of 4.21 and Hype Value of 4.24. The main objective of Western Asset fund analysis is to determine its intrinsic value, which is an estimate of what Western Asset High is worth, separate from its market price. There are two main types of Western Fund analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic stability of Western Asset High. On the other hand, technical analysis, focuses on the price and volume data of Western Fund to identify patterns and trends that may indicate its future price movements.
The Western Asset fund is traded in the USA on New York Stock Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Western Asset High. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in employment.

Western Fund Analysis Notes

The fund last dividend was 0.59 per share. High Yield Bond It is possible that Western Asset High fund was delisted, renamed or otherwise removed from the exchange. To learn more about Western Asset High call Jane Trust at 800-822-5544 or check out https://institutional.myleggmason.com/portal/server.pt?open=512&objID=1377&cached=true&mode=2&userID=225408&mktcd=HIX.

Western Asset High Investment Alerts

Western Market Capitalization

The company currently falls under 'Small-Cap' category with a total capitalization of 329.39 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Western Asset's market, we take the total number of its shares issued and multiply it by Western Asset's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Western Profitablity

The company has Net Profit Margin of (106.69) %, which means that it does not effectively control expenditures or properly executes on its pricing strategies. This is way below average. In the same way, it shows Net Operating Margin of 86.34 %, which entails that for every 100 dollars of revenue, it generated $86.34 of operating income.

Institutional Fund Holders for Western Asset

Have you ever been surprised when a price of an equity instrument such as Western Asset is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Western Asset High backward and forwards among themselves. Western Asset's institutional investor refers to the entity that pools money to purchase Western Asset's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
RBNCXRobinson Opportunistic IncomeMutual FundAllocation--30% to 50% Equity
RBNAXRobinson Opportunistic IncomeMutual FundAllocation--30% to 50% Equity
RBNNXRobinson Opportunistic IncomeMutual FundAllocation--30% to 50% Equity
HIPSGraniteShares HIPS HighEtfAggressive Allocation
CEFSSaba Closed End FundsEtfEvent Driven
OTRFXOntrack E FundMutual FundMacro Trading
OTRGXOntrack E FundMutual FundMacro Trading
YYYAmplify High IncomeEtfTactical Allocation
More Details
Note, although Western Asset's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Western Asset Outstanding Bonds

Western Asset issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Western Asset High uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Western bonds can be classified according to their maturity, which is the date when Western Asset High has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.

Western Asset Predictive Daily Indicators

Western Asset intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Western Asset fund daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Western Asset Forecast Models

Western Asset's time-series forecasting models are one of many Western Asset's fund analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Western Asset's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Western Asset High Debt to Cash Allocation

Western Asset High has 179.37 M in debt with debt to equity (D/E) ratio of 0.52, which is OK given its current industry classification. Western Asset High has a current ratio of 0.13, suggesting that it has not enough short term capital to pay 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 High 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.

Western Asset Assets Financed by Debt

Typically, companies with high debt-to-asset ratios are said to be highly leveraged. The higher the ratio, the greater risk will be associated with the Western Asset's operation. In addition, a high debt-to-assets ratio may indicate a low borrowing capacity of Western Asset, which in turn will lower the firm's financial flexibility.

Western Asset Corporate Bonds Issued

About Western Fund Analysis

Fund analysis is the technique used by a trader or investor to examine and evaluate how Western Asset prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Western shares will generate the highest return on investment. We also built our fund analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Fund such as Western Asset. By using and applying Western Fund analysis, traders can create a robust methodology for identifying Western entry and exit points for their positions.
Western Asset High Income Fund II Inc. is a closed-ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Limited, and Western Asset Management Company Pte. Ltd. It invests in the fixed income markets across the globe. The fund invests in securities of companies that operate across diversified sectors. It invests in high yield debt securities issued by U.S., foreign corporations and foreign governments. The fund employs a combination of quantitative and fundamental analysis with bottom-up security selection process to create its portfolio. It benchmarks the performance of its portfolio against Barclays Capital U.S. Corporate High Yield 2 percent Issuer Cap Index and the JPMorgan Emerging Markets Bond Index Global. Western Asset High Income Fund II, Inc. was formed on May 28, 1998 and is domiciled in the United States.

Be your own money manager

As an investor, your ultimate goal is to build wealth. Optimizing your investment portfolio is an essential element in this goal. Using our fund analysis tools, you can find out how much better you can do when adding Western Asset to your portfolios without increasing risk or reducing expected return.

Did you try this?

Run Risk-Return Analysis Now

   

Risk-Return Analysis

View associations between returns expected from investment and the risk you assume
All  Next Launch Module

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.
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Stocks Directory
Find actively traded stocks across global markets
Global Correlations
Find global opportunities by holding instruments from different markets