Western Asset Correlations

Mutual Funds . USA . 
Fund . Western Asset Managed
SSMMX Fund  USD 14.85  0.04  0.27%   
The current 90-days correlation between Western Asset Managed and Gabelli Gold Fund is 0.12 (i.e., Average 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 Managed and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Western Asset Managed 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 Managed. 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 population.

Moving together with Western Mutual Fund

  0.61LGFEX Qs International EquityPairCorr
  0.66WAASX Western Asset TotalPairCorr
  0.77WACIX Western Asset EPairCorr
  0.77WACSX Western Asset EPairCorr
  0.78WABCX Western Asset EPairCorr
  0.76WABRX Western Asset EPairCorr
  0.68WABSX Western Asset IntermPairCorr
  0.82WAGIX Western Asset GlobalPairCorr
  0.64SSTLX Western Asset ShortPairCorr
  0.76WAFCX Western Asset InflationPairCorr
  0.75WAFSX Western Asset InflationPairCorr
  0.76WAFRX Western Asset InflationPairCorr
  0.77WAHSX Western Asset HighPairCorr
  0.77WAPCX Western Asset EPairCorr
  0.76WAPIX Western Asset EPairCorr
  0.78WAPSX Western Asset EPairCorr
  0.78WAPRX Western Asset EPairCorr
  0.81SBILX Western Asset PoratePairCorr
  0.67WARIX Western Asset TotalPairCorr
  0.69WATCX Western Asset IntermPairCorr
  0.7WATRX Western Asset IntermPairCorr
  0.76WATPX Western Asset InflationPairCorr
  0.68WAUCX Western Asset TotalPairCorr
  0.67WAURX Western Asset TotalPairCorr
  0.82WAYRX Western Asset HighPairCorr
  0.99SBYLX Western Asset NewPairCorr
  0.97SCACX Western Asset CaliforniaPairCorr

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