Western Asset Correlations

Mutual Funds . USA . 
Fund . Western Asset E
WACSX Fund  USD 10.53  0.04  0.38%   
The current 90-days correlation between Western Asset E and Qs International Equity 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

Average diversification

The correlation between Western Asset E and DJI is 0.15 (i.e., Average 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 state.

Moving together with Western Mutual Fund

  0.69SAGCX Clearbridge Aggressive Potential GrowthPairCorr
  0.66LGASX Clearbridge Small CapPairCorr
  0.69SAPCX Clearbridge AppreciationPairCorr
  0.86LGOCX Legg Mason BwPairCorr
  0.92WAASX Western Asset TotalPairCorr
  0.91WACIX Western Asset EPairCorr
  0.96WABSX Western Asset IntermPairCorr
  0.86WAGIX Western Asset GlobalPairCorr
  0.88SSTLX Western Asset ShortPairCorr
  0.93WAFRX Western Asset InflationPairCorr
  0.73SBCLX Qs Defensive GrowthPairCorr
  0.79WAHSX Western Asset HighPairCorr
  0.99WAPCX Western Asset EPairCorr
  1.0WAPIX Western Asset EPairCorr
  1.0WAPSX Western Asset EPairCorr
  0.92SBILX Western Asset PoratePairCorr
  0.97WATCX Western Asset IntermPairCorr
  0.98WATRX Western Asset IntermPairCorr
  0.66SBMLX Clearbridge Mid CapPairCorr
  0.94WAURX Western Asset TotalPairCorr
  0.69SCGCX Qs Moderate GrowthPairCorr
  0.68SCHCX Qs Growth FundPairCorr
  0.69SCSMX Clearbridge Small CapPairCorr
  0.66LISGX Clearbridge Small CapPairCorr
  0.84SDSIX Western Asset GlobalPairCorr
  0.71LLARX Qs Servative GrowthPairCorr
  0.68LLLRX Qs Growth FundPairCorr
  0.69LLMRX Qs Moderate GrowthPairCorr
  0.71LMBMX Qs Small CapitalizationPairCorr
  0.98LMBSX Western Asset MortgagePairCorr
  0.82LMECX Western Asset SmashPairCorr
  0.63LMGEX Qs International EquityPairCorr
  0.63LMGFX Clearbridge InternationalPairCorr
  0.63LMGPX Clearbridge InternationalPairCorr
  0.61LMGTX Clearbridge InternationalPairCorr
  0.7LMESX Clearbridge AppreciationPairCorr
  0.67LMISX Qs Large CapPairCorr

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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