Western Asset Correlations

Mutual Funds . USA . 
Fund . Western Asset Oregon
SHORX Fund  USD 9.59  0.01  0.10%   
The current 90-days correlation between Western Asset Oregon and Rbb Fund is 0.33 (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

Average diversification

The correlation between Western Asset Oregon and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Western Asset Oregon 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 Oregon. 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 metropolitan statistical area.

Moving together with Western Mutual Fund

  0.62TEDIX Franklin Mutual GlobalPairCorr
  0.62TEDSX Franklin Mutual GlobalPairCorr
  0.62TEDRX Franklin Mutual GlobalPairCorr
  0.64TEGRX Templeton GrowthPairCorr
  0.96FQTHX Franklin Templeton SmacsPairCorr
  0.73WAFAX Western Asset InflationPairCorr
  0.75SBCPX Qs Defensive GrowthPairCorr
  0.72FRAAX Franklin Growth OppoPairCorr
  0.64FREIX Franklin Equity IncomePairCorr
  0.98FRCTX Franklin California TaxPairCorr
  0.98FRCZX Franklin CaliforniaPairCorr
  0.99SBLTX Western Asset IntermPairCorr
  0.88WATFX Western Asset EPairCorr
  0.99FRMOX Franklin Missouri TaxPairCorr
  0.98FRMZX Franklin Missouri TaxPairCorr
  0.99FRORX Franklin Oregon TaxPairCorr
  0.83FROTX Franklin VertiblePairCorr
  0.75FRTCX Franklin LifesmartPairCorr
  0.76FRTSX Franklin Lifesmart 2020PairCorr
  0.99FAFTX Franklin Federal TaxPairCorr
  0.73SCGRX Qs Moderate GrowthPairCorr
  0.73FTFZX Franklin Federal LimPairCorr
  0.71FTMRX Franklin ModeratePairCorr
  0.76FTLMX Franklin Lifesmart 2025PairCorr
  0.7FTTAX Franklin Lifesmart 2045PairCorr
  0.98FCAVX Franklin California TaxPairCorr

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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