Western Asset Correlations

Mutual Funds . USA . 
Fund . Western Asset Inflation
WAFCX Fund  USD 8.99  0.01  0.11%   
The current 90-days correlation between Western Asset Inflation and Omni Small Cap Value is 0.07 (i.e., Significant 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 Inflation and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Western Asset Inflation 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 Inflation. 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

  0.8LGFEX Qs International EquityPairCorr
  0.95LGOCX Legg Mason BwPairCorr
  0.75SSMMX Western Asset ManagedPairCorr
  0.88WAASX Western Asset TotalPairCorr
  0.96WACIX Western Asset EPairCorr
  0.97WACSX Western Asset EPairCorr
  0.97WABCX Western Asset EPairCorr
  0.97WABRX Western Asset EPairCorr
  0.97WABSX Western Asset IntermPairCorr
  0.64WAGIX Western Asset GlobalPairCorr
  0.84SSTLX Western Asset ShortPairCorr
  1.0WAFSX Western Asset InflationPairCorr
  1.0WAFRX Western Asset InflationPairCorr
  0.96WAPCX Western Asset EPairCorr
  0.97WAPIX Western Asset EPairCorr
  0.96WAPSX Western Asset EPairCorr
  0.96WAPRX Western Asset EPairCorr
  0.85SBICX Clearbridge InternationalPairCorr
  0.98SBILX Western Asset PoratePairCorr
  0.89WARIX Western Asset TotalPairCorr
  0.97WATCX Western Asset IntermPairCorr
  0.97WATRX Western Asset IntermPairCorr
  1.0WATPX Western Asset InflationPairCorr
  0.92WAUCX Western Asset TotalPairCorr
  0.9WAURX Western Asset TotalPairCorr
  0.79SBYLX Western Asset NewPairCorr
  0.84SCACX Western Asset CaliforniaPairCorr

Moving against Western Mutual Fund

  0.65SAGCX Clearbridge AggressivePairCorr
  0.65LGASX Clearbridge Small CapPairCorr
  0.62SAPCX Clearbridge AppreciationPairCorr
  0.57LGSCX Qs Small CapitalizationPairCorr
  0.62SBSDX Qs Sp 500PairCorr
  0.6SBPLX Clearbridge DividendPairCorr
  0.58SBMLX Clearbridge Mid CapPairCorr
  0.55SCHCX Qs Growth FundPairCorr
  0.48SCGCX Qs Moderate GrowthPairCorr

Related Correlations Analysis

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.

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY