Western Asset Correlations

Mutual Funds . USA . 
Fund . Western Asset Porate
SIGAX Fund  USD 10.67  0.02  0.19%   
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 nation.

Moving together with Western Mutual Fund

  0.84TEBIX Franklin Mutual BeaconPairCorr
  0.67TEDMX Templeton DevelopingPairCorr
  0.8TEDIX Franklin Mutual GlobalPairCorr
  0.8TEDSX Franklin Mutual GlobalPairCorr
  0.8TEDRX Franklin Mutual GlobalPairCorr
  0.68TEFRX Templeton ForeignPairCorr
  0.69TEFTX Templeton ForeignPairCorr
  0.9TEGBX Templeton Global BondPairCorr
  0.8TEGRX Templeton GrowthPairCorr
  0.68TEMFX Templeton ForeignPairCorr
  0.74TEMGX Templeton Global SmallerPairCorr
  0.84TEMEX Franklin Mutual BeaconPairCorr
  0.74TEMWX Templeton WorldPairCorr
  0.67TEMTX Franklin Mutual SharesPairCorr
  0.66TEMQX Mutual QuestPairCorr
  0.9FQCTX Franklin Necticut TaxPairCorr
  0.61SAIFX Clearbridge Large CapPairCorr
  0.65SAGYX Clearbridge AggressivePairCorr
  0.92FQCHX Franklin Templeton SmacsPairCorr
  0.65TEQIX Franklin Mutual QuestPairCorr
  0.8TEPLX Templeton GrowthPairCorr
  0.74TWDAX Templeton WorldPairCorr
  0.67TESIX Franklin Mutual SharesPairCorr
  0.73TESGX Templeton Global SmallerPairCorr
  0.67TESRX Franklin Mutual SharesPairCorr
  0.64LGGAX Clearbridge InternationalPairCorr
  0.87LGIEX Qs International EquityPairCorr
  0.91FQLAX Franklin Louisiana TaxPairCorr
  0.73TEWTX Templeton WorldPairCorr
  0.68SAPYX Clearbridge AppreciationPairCorr
  0.64SASMX Clearbridge Small CapPairCorr
  0.93FQNCX Franklin North CarolinaPairCorr
  0.91FQMDX Franklin Maryland TaxPairCorr
  0.7WAARX Western Asset TotalPairCorr

Moving against Western Mutual Fund

  0.54WAADX Western Asset SmashPairCorr

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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