Western Asset Correlations
| WAEXX Fund | USD 1.00 0.00 0.00% |
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 |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Western Money Market Fund performing well and Western Asset Money Market 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SUSAX | 0.06 | 0.01 | 0.07 | (1.24) | 0.00 | 0.10 | 0.51 | |||
| BXDCX | 0.08 | 0.01 | 0.06 | 1.34 | 0.00 | 0.22 | 0.65 | |||
| ATOAX | 0.02 | 0.00 | 0.00 | (0.26) | 0.00 | 0.00 | 0.30 | |||
| BDMKX | 0.07 | 0.03 | 0.23 | 2.41 | 0.00 | 0.11 | 0.34 | |||
| RPHIX | 0.04 | 0.01 | 0.00 | 1.62 | 0.00 | 0.10 | 0.21 | |||
| TAAQX | 0.08 | 0.01 | 0.07 | 1.18 | 0.00 | 0.21 | 0.72 | |||
| CDICX | 0.09 | 0.01 | 0.05 | 0.26 | 0.00 | 0.26 | 0.65 | |||
| DULTX | 0.04 | 0.01 | 0.00 | (0.35) | 0.00 | 0.10 | 0.61 |