Western Asset Correlations

Mutual Funds . USA . 
Fund . Western Asset Short Term
SSTLX Fund  USD 3.70  0.00  0.00%   
The current 90-days correlation between Western Asset Short and Locorr Dynamic Equity is 0.02 (i.e., Significant 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

Significant diversification

The correlation between Western Asset Short Term and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Western Asset Short Term 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 Short 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 bureau of economic analysis.

Moving together with Western Mutual Fund

  0.8SAGCX Clearbridge AggressivePairCorr
  0.77LGASX Clearbridge Small CapPairCorr
  0.77LGFEX Qs International EquityPairCorr
  0.82SAPCX Clearbridge AppreciationPairCorr
  0.89LGOCX Legg Mason BwPairCorr
  0.96WAASX Western Asset TotalPairCorr
  0.82LGSCX Qs Small CapitalizationPairCorr
  0.92WACIX Western Asset EPairCorr
  0.94WACSX Western Asset EPairCorr
  0.92WABCX Western Asset EPairCorr
  0.93WABRX Western Asset EPairCorr
  0.98WABSX Western Asset IntermPairCorr
  0.93WAGIX Western Asset GlobalPairCorr
  0.91WAFCX Western Asset InflationPairCorr
  0.92WAFSX Western Asset InflationPairCorr
  0.91WAFRX Western Asset InflationPairCorr
  0.86SBCLX Qs Defensive GrowthPairCorr
  0.9WAHSX Western Asset HighPairCorr
  0.9WAPCX Western Asset EPairCorr
  0.94WAPIX Western Asset EPairCorr
  0.93WAPSX Western Asset EPairCorr
  0.91WAPRX Western Asset EPairCorr
  0.81SBICX Clearbridge InternationalPairCorr
  0.96SBILX Western Asset PoratePairCorr
  0.96WARIX Western Asset TotalPairCorr
  0.96WATCX Western Asset IntermPairCorr
  0.97WATRX Western Asset IntermPairCorr
  0.91WATPX Western Asset InflationPairCorr
  0.78SBMLX Clearbridge Mid CapPairCorr
  0.84SBPLX Clearbridge DividendPairCorr
  0.96WAUCX Western Asset TotalPairCorr
  0.96WAURX Western Asset TotalPairCorr
  0.82SBSDX Qs Sp 500PairCorr
  0.9WAYRX Western Asset HighPairCorr
  0.83SCBCX Qs Servative GrowthPairCorr
  0.81SCGCX Qs Moderate GrowthPairCorr

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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