Western Asset Correlations

Mutual Funds . USA . 
Fund . Western Asset Adjustable
ARMZX Fund  USD 9.22  0.01  0.11%   
The current 90-days correlation between Western Asset Adjustable and Western Asset Adjustable is -0.11 (i.e., Good diversification). The correlation of Western Asset is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Western Asset Correlation With Market

Average diversification

The correlation between Western Asset Adjustable and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Western Asset Adjustable and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Western Asset Adjustable. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Western Mutual Fund

  0.95TEBIX Franklin Mutual BeaconPairCorr
  0.96TEDMX Templeton DevelopingPairCorr
  0.94TEDIX Franklin Mutual GlobalPairCorr
  0.94TEDSX Franklin Mutual GlobalPairCorr
  0.94TEDRX Franklin Mutual GlobalPairCorr
  0.93TEFRX Templeton ForeignPairCorr
  0.93TEFTX Templeton ForeignPairCorr
  0.93TEGBX Templeton Global BondPairCorr
  0.96TEGRX Templeton GrowthPairCorr
  0.93TEMFX Templeton ForeignPairCorr
  0.93TEMGX Templeton Global SmallerPairCorr
  0.95TEMEX Franklin Mutual BeaconPairCorr
  0.94TEMMX Templeton EmergingPairCorr
  0.93TEMIX Franklin Mutual EuropeanPairCorr
  0.96TEMWX Templeton WorldPairCorr
  0.95TEMTX Franklin Mutual SharesPairCorr
  0.95TEMQX Mutual QuestPairCorr
  0.94SAIFX Clearbridge Large CapPairCorr
  0.93SAGYX Clearbridge AggressivePairCorr
  0.94TEMZX Templeton EmergingPairCorr
  0.97FQEMX Franklin Templeton SmacsPairCorr
  0.95TEQIX Franklin Mutual QuestPairCorr
  0.96TEPLX Templeton GrowthPairCorr
  0.96TWDAX Templeton WorldPairCorr
  0.96TESIX Franklin Mutual SharesPairCorr
  0.73TESGX Templeton Global SmallerPairCorr
  0.95TESRX Franklin Mutual SharesPairCorr
  0.87LGGAX Clearbridge InternationalPairCorr
  0.93TEURX Franklin Mutual EuropeanPairCorr
  0.76LGIEX Qs International EquityPairCorr
  0.96TEWTX Templeton WorldPairCorr
  0.95SAPYX Clearbridge AppreciationPairCorr
  0.92SASMX Clearbridge Small CapPairCorr
  0.89WAADX Western Asset SmashPairCorr
  0.9WAARX Western Asset TotalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Western Mutual Fund performing well and Western Asset Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Western Asset's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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