Western Asset Correlations

Mutual Funds . USA . 
Fund . Western Asset E
WAPRX Fund  USD 9.38  0.01  0.11%   
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 0.14 (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 employment.

Moving together with Western Mutual Fund

  0.77LGASX Clearbridge Small CapPairCorr
  0.83LGFEX Qs International EquityPairCorr
  0.87SAPCX Clearbridge AppreciationPairCorr
  0.82LGOCX Legg Mason BwPairCorr
  0.94SSMMX Western Asset ManagedPairCorr
  0.96WAASX Western Asset TotalPairCorr
  0.91LGSCX Qs Small CapitalizationPairCorr
  1.0WACIX Western Asset EPairCorr
  0.97WACSX Western Asset EPairCorr
  0.98WABCX Western Asset EPairCorr
  0.8WABRX Western Asset EPairCorr
  0.99WABSX Western Asset IntermPairCorr
  0.98WAGIX Western Asset GlobalPairCorr
  0.95SSTLX Western Asset ShortPairCorr
  0.97WAFCX Western Asset InflationPairCorr
  0.97WAFSX Western Asset InflationPairCorr
  0.95WAFRX Western Asset InflationPairCorr
  0.74SBCLX Qs Defensive GrowthPairCorr
  0.95WAHSX Western Asset HighPairCorr
  0.98WAPCX Western Asset EPairCorr
  0.74WAPIX Western Asset EPairCorr
  0.98WAPSX Western Asset EPairCorr
  0.67SBICX Clearbridge InternationalPairCorr
  0.99SBILX Western Asset PoratePairCorr
  0.95WARIX Western Asset TotalPairCorr
  0.99WATCX Western Asset IntermPairCorr
  0.99WATRX Western Asset IntermPairCorr
  0.96WATPX Western Asset InflationPairCorr
  0.71SBMLX Clearbridge Mid CapPairCorr
  0.86SBPLX Clearbridge DividendPairCorr
  0.96WAUCX Western Asset TotalPairCorr
  0.95WAURX Western Asset TotalPairCorr
  0.86SBSDX Qs Sp 500PairCorr
  0.96WAYRX Western Asset HighPairCorr
  0.93SBYLX Western Asset NewPairCorr
  0.95SCACX Western Asset CaliforniaPairCorr
  0.91SCBCX Qs Servative GrowthPairCorr
  0.89SCGCX Qs Moderate GrowthPairCorr

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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