Western Asset Correlations

Mutual Funds . USA . 
Fund . Western Asset E
WAPAX Fund  USD 9.19  0.03  0.33%   
The current 90-days correlation between Western Asset E and Siit High Yield is 0.1 (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

Significant diversification

The correlation between Western Asset E and DJI is 0.04 (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 nation.

Moving together with Western Mutual Fund

  0.65TEBIX Franklin Mutual BeaconPairCorr
  0.7TEDMX Templeton DevelopingPairCorr
  0.67TEDIX Franklin Mutual GlobalPairCorr
  0.67TEDSX Franklin Mutual GlobalPairCorr
  0.67TEDRX Franklin Mutual GlobalPairCorr
  0.64TEFRX Templeton ForeignPairCorr
  0.63TEFTX Templeton ForeignPairCorr
  0.79TEGBX Templeton Global BondPairCorr
  0.68TEGRX Templeton GrowthPairCorr
  0.63TEMFX Templeton ForeignPairCorr
  0.63TEMGX Templeton Global SmallerPairCorr
  0.65TEMEX Franklin Mutual BeaconPairCorr
  0.63TEMMX Templeton EmergingPairCorr
  0.65TEMIX Franklin Mutual EuropeanPairCorr
  0.7TEMWX Templeton WorldPairCorr
  0.72TEMTX Franklin Mutual SharesPairCorr
  0.68TEMQX Mutual QuestPairCorr
  0.61FQCTX Franklin Necticut TaxPairCorr
  0.67SAIFX Clearbridge Large CapPairCorr
  0.64SAGYX Clearbridge AggressivePairCorr
  0.63TEMZX Templeton EmergingPairCorr
  0.75FQEMX Franklin Templeton SmacsPairCorr
  0.66TEQIX Franklin Mutual QuestPairCorr
  0.68TEPLX Templeton GrowthPairCorr
  0.7TWDAX Templeton WorldPairCorr
  0.71TESIX Franklin Mutual SharesPairCorr
  0.64TESGX Templeton Global SmallerPairCorr
  0.72TESRX Franklin Mutual SharesPairCorr
  0.64TEURX Franklin Mutual EuropeanPairCorr
  0.69TEWTX Templeton WorldPairCorr
  0.67SAPYX Clearbridge AppreciationPairCorr
  0.64SASMX Clearbridge Small CapPairCorr
  0.88WAARX 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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