Western Asset Correlations

Mutual Funds . USA . 
Fund . Western Asset E
WACIX Fund  USD 9.38  0.04  0.43%   
The current 90-days correlation between Western Asset E and Clearbridge Aggressive Growth is -0.03 (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

Significant diversification

The correlation between Western Asset E and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Western Asset E and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Asset E. 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

  0.8LGASX Clearbridge Small CapPairCorr
  0.79LGFEX Qs International EquityPairCorr
  0.85SAPCX Clearbridge AppreciationPairCorr
  0.89LGOCX Legg Mason BwPairCorr
  0.87SSMMX Western Asset ManagedPairCorr
  0.95WAASX Western Asset TotalPairCorr
  0.9LGSCX Qs Small CapitalizationPairCorr
  1.0WACSX Western Asset EPairCorr
  0.97WABCX Western Asset EPairCorr
  1.0WABRX Western Asset EPairCorr
  0.97WABSX Western Asset IntermPairCorr
  0.99WAGIX Western Asset GlobalPairCorr
  0.95SSTLX Western Asset ShortPairCorr
  0.95WAFCX Western Asset InflationPairCorr
  0.95WAFSX Western Asset InflationPairCorr
  0.95WAFRX Western Asset InflationPairCorr
  0.91SBCLX Qs Defensive GrowthPairCorr
  0.96WAHSX Western Asset HighPairCorr
  1.0WAPCX Western Asset EPairCorr
  1.0WAPIX Western Asset EPairCorr
  0.99WAPSX Western Asset EPairCorr
  1.0WAPRX Western Asset EPairCorr
  0.74SBICX Clearbridge InternationalPairCorr
  0.97SBILX Western Asset PoratePairCorr
  0.95WARIX Western Asset TotalPairCorr
  0.99WATCX Western Asset IntermPairCorr
  0.99WATRX Western Asset IntermPairCorr
  0.92WATPX Western Asset InflationPairCorr
  0.77SBMLX Clearbridge Mid CapPairCorr
  0.85SBPLX Clearbridge DividendPairCorr
  0.94WAUCX Western Asset TotalPairCorr
  0.98WAURX Western Asset TotalPairCorr
  0.84SBSDX Qs Sp 500PairCorr
  0.97WAYRX Western Asset HighPairCorr
  0.86SBYLX Western Asset NewPairCorr
  0.88SCACX Western Asset CaliforniaPairCorr
  0.86SCGCX Qs Moderate GrowthPairCorr
  0.84SCHCX Qs Growth FundPairCorr

Related Correlations Analysis


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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