Western Asset Correlations
| WINC Etf | USD 24.11 0.03 0.12% |
The current 90-days correlation between Western Asset Short and Valued Advisers Trust is 0.29 (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.
Western Asset Correlation With Market
Average diversification
The correlation between Western Asset Short and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Western Asset Short and DJI in the same portfolio, assuming nothing else is changed.
Western |
Moving together with Western Etf
| 0.75 | BSV | Vanguard Short Term | PairCorr |
| 0.91 | IGSB | iShares 1 5 | PairCorr |
| 0.87 | SPSB | SPDR Barclays Short | PairCorr |
| 0.81 | ISTB | iShares Core 1 | PairCorr |
| 0.89 | SLQD | iShares 0 5 | PairCorr |
| 0.63 | GVI | iShares Intermediate | PairCorr |
| 0.77 | LDUR | PIMCO Enhanced Low | PairCorr |
| 0.91 | SUSB | iShares ESG 1 | PairCorr |
| 0.7 | EMCB | WisdomTree Emerging | PairCorr |
| 0.75 | PCY | Invesco Emerging Markets | PairCorr |
| 0.76 | VZ | Verizon Communications Sell-off Trend | PairCorr |
Moving against Western Etf
| 0.36 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
Related Correlations Analysis
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Western Asset Constituents Risk-Adjusted Indicators
There is a big difference between Western Etf performing well and Western Asset ETF 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MBSF | 0.15 | 0.01 | (0.52) | (0.06) | 0.16 | 0.31 | 1.33 | |||
| DIAL | 0.24 | (0.02) | 0.00 | (0.55) | 0.00 | 0.55 | 1.54 | |||
| IG | 0.26 | 0.00 | (0.37) | 0.00 | 0.32 | 0.53 | 1.88 | |||
| DMBS | 0.25 | (0.02) | 0.00 | 0.66 | 0.00 | 0.41 | 1.24 | |||
| VABS | 0.08 | 0.01 | (1.00) | (0.46) | 0.00 | 0.21 | 0.54 | |||
| VBND | 0.24 | (0.01) | 0.00 | 0.29 | 0.00 | 0.44 | 1.59 | |||
| MINT | 0.02 | 0.01 | (2.13) | 11.31 | 0.00 | 0.06 | 0.24 | |||
| VCRB | 0.25 | (0.01) | 0.00 | 0.22 | 0.00 | 0.45 | 1.31 | |||
| DUKH | 0.15 | 0.00 | (0.49) | 0.17 | 0.10 | 0.32 | 0.86 |