Western Asset Correlations

LMECX Fund

USD 5.86 0.02 0.34%

The current 90-days correlation between Western Asset Smash and The Gamco Global is 0.22 (i.e., Modest 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 Smash and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Western Asset Smash and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Western Asset Smash. 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 main economic indicators.

Moving together with Western Mutual Fund

0.72	LGFEX	Qs International Equity	Pair Corr
0.91	WAASX	Western Asset Total	Pair Corr
0.77	WABSX	Western Asset Interm	Pair Corr
0.85	WAGIX	Western Asset Global	Pair Corr
0.87	SSTLX	Western Asset Short	Pair Corr
0.72	WAFCX	Western Asset Inflation	Pair Corr
0.75	WAFSX	Western Asset Inflation	Pair Corr
0.71	WAFRX	Western Asset Inflation	Pair Corr
0.72	SBCLX	Qs Defensive Growth	Pair Corr
0.9	WAHSX	Western Asset High	Pair Corr
0.85	SBICX	Clearbridge International	Pair Corr
0.91	WARIX	Western Asset Total	Pair Corr
0.69	WATCX	Western Asset Interm	Pair Corr
0.71	WATRX	Western Asset Interm	Pair Corr
0.74	WATPX	Western Asset Inflation	Pair Corr
0.9	WAUCX	Western Asset Total	Pair Corr
0.89	WAURX	Western Asset Total	Pair Corr
0.66	SBSDX	Qs Sp 500	Pair Corr
0.91	WAYRX	Western Asset High	Pair Corr
0.7	SCBCX	Qs Servative Growth	Pair Corr

Related Correlations Analysis

	GACCX	FCSKX	VAADX	ARBOX	HICSX	GCV	XAVKX	FLXIX
GACCX		0.78	0.76	0.86	0.82	0.79	0.81	0.64	GACCX
FCSKX	0.78		0.78	0.65	0.85	0.57	0.81	0.25	FCSKX
VAADX	0.76	0.78		0.56	0.83	0.71	0.92	0.61	VAADX
ARBOX	0.86	0.65	0.56		0.69	0.61	0.69	0.65	ARBOX
HICSX	0.82	0.85	0.83	0.69		0.75	0.78	0.54	HICSX
GCV	0.79	0.57	0.71	0.61	0.75		0.71	0.64	GCV
XAVKX	0.81	0.81	0.92	0.69	0.78	0.71		0.61	XAVKX
FLXIX	0.64	0.25	0.61	0.65	0.54	0.64	0.61		FLXIX
	GACCX	FCSKX	VAADX	ARBOX	HICSX	GCV	XAVKX	FLXIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GACCX	0.49	0.05	0.08	0.11	0.61	(0.52)	1.15	(0.93)	3.13
FCSKX	0.46	(0.03)	0.00	(0.07)	0.00	0.00	0.76	(0.90)	3.46
VAADX	0.59	0.01	0.02	0.23	0.81	(0.58)	1.13	(1.21)	3.84
ARBOX	0.06	0.00	0.00	(0.21)	0.00	0.00	0.09	(0.09)	1.33
HICSX	0.55	0.00	0.01	0.01	0.72	(0.58)	1.05	(1.12)	3.51
GCV	0.95	0.09	0.07	0.15	1.11	(1.05)	1.89	(1.55)	5.96
XAVKX	0.48	0.00	0.00	(0.04)	0.66	(0.46)	0.89	(1.04)	2.97
FLXIX	0.11	0.00	0.04	0.14	0.10	(0.15)	0.19	(0.19)	0.87

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Western Asset Correlations

Western Asset Correlation With Market

Significant diversification

Moving together with Western Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY