Western Asset Correlations
| WACXX Fund | USD 1.00 0.00 0.00% |
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 |
Related Correlations Analysis
| 0.98 | 0.79 | 0.91 | 0.94 | 0.93 | FCPVX | ||
| 0.98 | 0.77 | 0.9 | 0.94 | 0.93 | MXLSX | ||
| 0.79 | 0.77 | 0.94 | 0.89 | 0.93 | BPSCX | ||
| 0.91 | 0.9 | 0.94 | 0.97 | 0.97 | RSPMX | ||
| 0.94 | 0.94 | 0.89 | 0.97 | 0.96 | WBVNX | ||
| 0.93 | 0.93 | 0.93 | 0.97 | 0.96 | MAVKX | ||
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Risk-Adjusted Indicators
There is a big difference between Western Money Market Fund performing well and Western Asset Money Market 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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FCPVX | 0.82 | 0.00 | 0.00 | (0.02) | 1.07 | 1.57 | 10.15 | |||
| MXLSX | 0.77 | 0.00 | 0.01 | 0.00 | 0.93 | 1.79 | 10.23 | |||
| BPSCX | 0.98 | (0.16) | 0.00 | (0.36) | 0.00 | 1.73 | 19.00 | |||
| RSPMX | 0.77 | (0.07) | 0.00 | (0.21) | 0.00 | 1.57 | 11.48 | |||
| WBVNX | 0.89 | (0.08) | 0.00 | (0.27) | 0.00 | 1.72 | 10.23 | |||
| MAVKX | 0.89 | (0.05) | 0.00 | (0.14) | 0.00 | 1.75 | 12.01 |