Western Asset Correlations

SBLTX Fund

USD 6.11 0.02 0.33%

The current 90-days correlation between Western Asset Interm and The Hartford Inflation is 0.37 (i.e., Weak 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

Very good diversification

The correlation between Western Asset Intermediate Ter and DJI is -0.26 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Western Asset Intermediate Ter and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Western Asset Intermediate Term. 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 estimate.

Moving together with Western Mutual Fund

0.76	TEGBX	Templeton Global Bond	Pair Corr
0.93	FQCTX	Franklin Necticut Tax	Pair Corr
0.87	FQCHX	Franklin Templeton Smacs	Pair Corr
0.74	FQLAX	Franklin Louisiana Tax	Pair Corr
0.95	FQNCX	Franklin North Carolina	Pair Corr
0.94	FQMDX	Franklin Maryland Tax	Pair Corr
0.87	WAARX	Western Asset Total	Pair Corr

Moving against Western Mutual Fund

0.39	TEMWX	Templeton World	Pair Corr
0.39	TEMTX	Franklin Mutual Shares	Pair Corr
0.46	SAGYX	Clearbridge Aggressive	Pair Corr
0.4	SAIFX	Clearbridge Large Cap	Pair Corr
0.4	TESRX	Franklin Mutual Shares	Pair Corr
0.39	TWDAX	Templeton World	Pair Corr
0.38	TEWTX	Templeton World	Pair Corr
0.37	TESIX	Franklin Mutual Shares	Pair Corr
0.46	SAPYX	Clearbridge Appreciation	Pair Corr
0.46	LGVAX	Clearbridge Value Trust	Pair Corr
0.42	SASMX	Clearbridge Small Cap	Pair Corr
0.4	SBAYX	Western Asset Adjustable	Pair Corr
0.35	WAADX	Western Asset Smash	Pair Corr

Related Correlations Analysis

	HIPSX	FODVX	WAFAX	GPMFX	FIBLX
HIPSX		0.99	0.98	0.81	0.95	HIPSX
FODVX	0.99		0.99	0.8	0.94	FODVX
WAFAX	0.98	0.99		0.81	0.93	WAFAX
GPMFX	0.81	0.8	0.81		0.72	GPMFX
FIBLX	0.95	0.94	0.93	0.72		FIBLX
	HIPSX	FODVX	WAFAX	GPMFX	FIBLX

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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
HIPSX	0.16	(0.03)	(6.06)	0.30	(0.39)	0.98
FODVX	0.19	(0.03)	(0.95)	0.30	(0.49)	1.17
WAFAX	0.24	(0.03)	(1.43)	0.42	(0.53)	1.26
GPMFX	0.41	(0.08)	(0.08)	0.75	(0.88)	2.31
FIBLX	0.20	(0.02)	(0.38)	0.32	(0.43)	1.26

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