Western Asset Correlations

Mutual Funds . USA . 
Fund . Western Asset Intermediate Term
SBLTX Fund  USD 5.87  0.01  0.17%   
The current 90-days correlation between Western Asset Interm and Victory Diversified Stock is 0.15 (i.e., Average 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

Good diversification

The correlation between Western Asset Intermediate Ter and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Western Asset Intermediate Ter and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Western Asset Intermediate Term. 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 estimate.

Moving together with Western Mutual Fund

  0.8TEBIX Franklin Mutual BeaconPairCorr
  0.78TEDMX Templeton DevelopingPairCorr
  0.82TEDIX Franklin Mutual GlobalPairCorr
  0.82TEDSX Franklin Mutual GlobalPairCorr
  0.81TEDRX Franklin Mutual GlobalPairCorr
  0.79TEFRX Templeton ForeignPairCorr
  0.79TEFTX Templeton ForeignPairCorr
  0.75TEGBX Templeton Global BondPairCorr
  0.79TEGRX Templeton GrowthPairCorr
  0.79TEMFX Templeton ForeignPairCorr
  0.82TEMGX Templeton Global SmallerPairCorr
  0.8TEMEX Franklin Mutual BeaconPairCorr
  0.77TEMMX Templeton EmergingPairCorr
  0.77TEMIX Franklin Mutual EuropeanPairCorr
  0.8TEMWX Templeton WorldPairCorr
  0.82TEMTX Franklin Mutual SharesPairCorr
  0.81TEMQX Mutual QuestPairCorr
  0.78FQCTX Franklin Necticut TaxPairCorr
  0.79SAIFX Clearbridge Large CapPairCorr
  0.79SAGYX Clearbridge AggressivePairCorr
  0.77TEMZX Templeton EmergingPairCorr
  0.75FQEMX Franklin Templeton SmacsPairCorr
  0.81TEQIX Franklin Mutual QuestPairCorr
  0.8TEPLX Templeton GrowthPairCorr
  0.8TWDAX Templeton WorldPairCorr
  0.82TESIX Franklin Mutual SharesPairCorr
  0.82TESGX Templeton Global SmallerPairCorr
  0.82TESRX Franklin Mutual SharesPairCorr
  0.71LGGAX Clearbridge InternationalPairCorr
  0.77TEURX Franklin Mutual EuropeanPairCorr
  0.75LGIEX Qs International EquityPairCorr
  0.76FQLAX Franklin Louisiana TaxPairCorr
  0.8TEWTX Templeton WorldPairCorr
  0.8SAPYX Clearbridge AppreciationPairCorr
  0.81SASMX Clearbridge Small CapPairCorr
  0.8FQNCX Franklin North CarolinaPairCorr
  0.75WAADX Western Asset SmashPairCorr
  0.75WAARX 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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