Western Asset Correlations

Mutual Funds . USA . 
Fund . Western Asset Global
SDSIX Fund  USD 5.01  0.01  0.20%   
The current 90-days correlation between Western Asset Global and Europac Gold Fund is 0.11 (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

Average diversification

The correlation between Western Asset Global and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Western Asset Global 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 Global. 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 gross domestic product.

Moving together with Western Mutual Fund

  0.63SAPCX Clearbridge AppreciationPairCorr
  0.65LGOCX Legg Mason BwPairCorr
  0.65WAASX Western Asset TotalPairCorr
  0.61LGSCX Qs Small CapitalizationPairCorr
  0.63WACSX Western Asset EPairCorr
  0.65WABCX Western Asset EPairCorr
  0.61WABRX Western Asset EPairCorr
  0.66WABSX Western Asset IntermPairCorr
  0.89WAGIX Western Asset GlobalPairCorr
  0.83SSTLX Western Asset ShortPairCorr
  0.65WAHSX Western Asset HighPairCorr
  0.63WAPCX Western Asset EPairCorr
  0.65WAPIX Western Asset EPairCorr
  0.64WAPSX Western Asset EPairCorr
  0.71WAPRX Western Asset EPairCorr
  0.81SBICX Clearbridge InternationalPairCorr
  0.7SBILX Western Asset PoratePairCorr
  0.83WARIX Western Asset TotalPairCorr
  0.61WATRX Western Asset IntermPairCorr
  0.79WATPX Western Asset InflationPairCorr
  0.82SBPLX Clearbridge DividendPairCorr
  0.62WAUCX Western Asset TotalPairCorr
  0.61WAURX Western Asset TotalPairCorr
  0.65WAYRX Western Asset HighPairCorr
  0.79SCHCX Qs Growth FundPairCorr

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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