Western Asset Correlations

Mutual Funds . USA . 
Fund . Western Asset Porate
SBILX Fund  USD 10.49  0.04  0.38%   
The current 90-days correlation between Western Asset Porate and Dfa Inflation Protected 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

Average diversification

The correlation between Western Asset Porate and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Western Asset Porate 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 Porate. 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 bureau of economic analysis.

Moving together with Western Mutual Fund

  0.9LGFEX Qs International EquityPairCorr
  0.91LGOCX Legg Mason BwPairCorr
  0.81SSMMX Western Asset ManagedPairCorr
  0.93WAASX Western Asset TotalPairCorr
  0.99WACIX Western Asset EPairCorr
  0.99WACSX Western Asset EPairCorr
  1.0WABCX Western Asset EPairCorr
  0.99WABRX Western Asset EPairCorr
  0.96WABSX Western Asset IntermPairCorr
  0.92WAGIX Western Asset GlobalPairCorr
  0.92SSTLX Western Asset ShortPairCorr
  0.97WAFCX Western Asset InflationPairCorr
  0.97WAFSX Western Asset InflationPairCorr
  0.98WAFRX Western Asset InflationPairCorr
  0.87WAHSX Western Asset HighPairCorr
  0.99WAPCX Western Asset EPairCorr
  0.99WAPIX Western Asset EPairCorr
  0.99WAPSX Western Asset EPairCorr
  0.99WAPRX Western Asset EPairCorr
  0.87SBICX Clearbridge InternationalPairCorr
  0.94WARIX Western Asset TotalPairCorr
  0.96WATCX Western Asset IntermPairCorr
  0.97WATRX Western Asset IntermPairCorr
  0.97WATPX Western Asset InflationPairCorr
  0.95WAUCX Western Asset TotalPairCorr
  0.94WAURX Western Asset TotalPairCorr
  0.9WAYRX Western Asset HighPairCorr
  0.76SBYLX Western Asset NewPairCorr
  0.84SCACX Western Asset CaliforniaPairCorr

Moving against Western Mutual Fund

  0.59LGSCX Qs Small CapitalizationPairCorr
  0.51LGASX Clearbridge Small CapPairCorr
  0.39SAGCX Clearbridge AggressivePairCorr
  0.59LMBMX Qs Small CapitalizationPairCorr
  0.52SBMLX Clearbridge Mid CapPairCorr
  0.51LMASX Clearbridge Small CapPairCorr
  0.51LMARX Clearbridge Small CapPairCorr
  0.5LISGX Clearbridge Small CapPairCorr
  0.43SCSMX Clearbridge Small CapPairCorr
  0.38SBSDX Qs Sp 500PairCorr
  0.33SCHCX Qs Growth FundPairCorr
  0.32LLLRX Qs Growth FundPairCorr

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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