Western Asset Short Etf Profile

WINC Etf  USD 23.95  0.04  0.17%   

Performance

8 of 100

 
Low
 
High
OK

Odds Of Distress

Less than 9

 
100  
 
Zero
Low
Western Asset is trading at 23.95 as of the 28th of March 2024, a 0.17% increase since the beginning of the trading day. The etf's open price was 23.91. Western Asset has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for Western Asset Short are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Under normal market conditions, the fund invests at least 80 percent of its net assets, plus borrowings for investment purposes, in investment grade fixed income securities. Western Asset is traded on NASDAQ Exchange in the United States. More on Western Asset Short

Moving together with Western Etf

  0.89IGSB IShares 1-5 YearPairCorr
  0.97SPSB SPDR Barclays ShortPairCorr
  0.71ISTB IShares Core 1-5PairCorr
  0.83LMBS First Trust LowPairCorr
  0.85SLQD IShares 0-5 YearPairCorr

Moving against Western Etf

  0.68FXY Invesco CurrencySharesPairCorr

Western Etf Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Western Asset's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Western Asset or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Thematic Ideas
(View all Themes)
Business ConcentrationBroad Debt ETFs, Strategy ETFs, Short-Term Bond, Franklin Templeton Investments (View all Sectors)
IssuerFranklin Templeton Investments
Inception Date2019-02-07
Entity TypeRegulated Investment Company
Asset Under Management10.75 Million
Average Trading Valume2,608.7
Asset TypeFixed Income
CategoryBroad Debt
FocusStrategy
Market ConcentrationBlended Development
RegionGlobal
AdministratorLegg Mason Partners Fund Advisor, LLC
AdvisorLegg Mason Partners Fund Advisor, LLC
CustodianThe Bank of New York Mellon Corporation
DistributorFranklin Distributors, LLC
Portfolio ManagerS. Kenneth Leech, Michael C. Buchanan, Ryan K. Brist, Blanton Y. Keh, Kurt D. Halvorson
Transfer AgentThe Bank of New York Mellon Corporation
Fiscal Year End31-Jul
ExchangeNASDAQ
Number of Constituents174
Market MakerJane Street
Total Expense0.29
Management Fee0.29
Country NameUSA
Returns Y T D0.9
NameWestern Asset Short Duration Income ETF
Currency CodeUSD
Open FigiBBG00N8V1KX0
In Threey Volatility4.23
1y Volatility2.53
200 Day M A23.5566
50 Day M A23.8715
CodeWINC
Updated At27th of March 2024
Currency NameUS Dollar
In Threey Sharp Ratio(0.68)
Western Asset Short [WINC] is traded in USA and was established 2019-02-07. The fund is listed under Short-Term Bond category and is part of Franklin Templeton Investments family. The entity is thematically classified as Broad Debt ETFs. Western Asset Short at this time have 24.23 M in net assets. , while the total return for the last 3 years was 0.2%.
Check Western Asset Probability Of Bankruptcy

Geographic Allocation (%)

Sector Allocation

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Western Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Western Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Western Asset Short Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

Top Western Asset Short Etf Constituents

Time Warner Entertainment Company, L.P.2.21%
Bank of America Corporation1.52%
Credit Suisse Group AG1.48%
Time Warner Cable Enterprises LLC2.6700001%
Aviation Capital Group LLC1.46%
The Williams Companies, Inc.2.23%
United States Treasury Notes1.63%
Energy Transfer LP1.84%
GE Capital International Funding Company Unlimited Company1.4400001%
BNP Paribas SA1.47%

Western Asset Target Price Odds Analysis

What are Western Asset's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Western Asset jumping above the current price in 90 days from now is about 1.86%. The Western Asset Short probability density function shows the probability of Western Asset etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Western Asset has a beta of 0.1375. This entails as returns on the market go up, Western Asset average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Western Asset Short will be expected to be much smaller as well. Additionally, western Asset Short has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 23.95HorizonTargetOdds Above 23.95
97.82%90 days
 23.95 
1.86%
Based on a normal probability distribution, the odds of Western Asset to move above the current price in 90 days from now is about 1.86 (This Western Asset Short probability density function shows the probability of Western Etf to fall within a particular range of prices over 90 days) .

Western Asset Short Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Western Asset market risk premium is the additional return an investor will receive from holding Western Asset long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Western Asset. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Western Asset's alpha and beta are two of the key measurements used to evaluate Western Asset's performance over the market, the standard measures of volatility play an important role as well.

Western Asset Against Markets

Picking the right benchmark for Western Asset etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Western Asset etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Western Asset is critical whether you are bullish or bearish towards Western Asset Short at a given time. Please also check how Western Asset's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Western Asset without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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How to buy Western Etf?

Before investing in Western Asset, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Western Asset. To buy Western Asset etf, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Western Asset. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Western Asset etf. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Western Asset Short etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Western Asset Short etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Western Asset Short, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Western Etf please use our How to Invest in Western Asset guide.

Already Invested in Western Asset Short?

The danger of trading Western Asset Short is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Western Asset is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Western Asset. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Western Asset Short is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Asset Short. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

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When running Western Asset's price analysis, check to measure Western Asset's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Western Asset is operating at the current time. Most of Western Asset's value examination focuses on studying past and present price action to predict the probability of Western Asset's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Western Asset's price. Additionally, you may evaluate how the addition of Western Asset to your portfolios can decrease your overall portfolio volatility.
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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.