Western Asset Total Etf Market Value
| WBND Etf | USD 20.10 0.05 0.25% |
| Symbol | Western |
The market value of Western Asset Total 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.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Western Asset on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Western Asset Total or generate 0.0% return on investment in Western Asset over 30 days. Western Asset is related to or competes with Western Asset, IShares ESG, VictoryShares Multi, ClearBridge Dividend, and First Trust. Under normal market conditions, the fund will seek its investment objective by investing at least 80 percent of its asse... 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 Total upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.45) | |||
| Maximum Drawdown | 1.31 | |||
| Value At Risk | (0.55) | |||
| Potential Upside | 0.5514 |
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 | (0.07) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | 4.5 |
Western Asset Total Backtested Returns
Western Asset Total shows Sharpe Ratio of -0.11, which attests that the etf had a -0.11% return per unit of risk over the last 3 months. Western Asset Total exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Western Asset's Mean Deviation of 0.2515, market risk adjusted performance of 4.51, and Standard Deviation of 0.3416 to validate the risk estimate we provide. The entity maintains a market beta of -0.0089, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Western Asset are expected to decrease at a much lower rate. During the bear market, Western Asset is likely to outperform the market.
Auto-correlation | -0.28 |
Weak reverse predictability
Western Asset Total has weak reverse predictability. Overlapping area represents the amount of predictability between Western Asset time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 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 Total price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Western Asset price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Western Asset Total 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 Total.
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 Total is a strong investment it is important to analyze Western Asset's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Western Asset's future performance. For an informed investment choice regarding Western Etf, refer to the following important reports: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 ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
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.