Western Asset Correlations

WAIIX Fund

USD 9.50 0.02 0.21%

The current 90-days correlation between Western Asset Inflation and Dunham Porategovernment Bond is -0.03 (i.e., Good 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

Significant diversification

The correlation between Western Asset Inflation and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Western Asset Inflation and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Asset Inflation. 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 gross domestic product.

Moving together with Western Mutual Fund

0.94	VIPSX	Vanguard Inflation-protec	Pair Corr
1.0	VIPIX	Vanguard Inflation-protec	Pair Corr
0.94	VAIPX	Vanguard Inflation-protec	Pair Corr
0.98	FLIBX	American Funds Inflation	Pair Corr
0.92	FIBLX	American Funds Inflation	Pair Corr
0.99	BFICX	American Funds Inflation	Pair Corr
0.99	BFIAX	American Funds Inflation	Pair Corr
0.98	BFIFX	American Funds Inflation	Pair Corr
0.99	PARRX	Real Return Fund	Pair Corr
0.99	PRLPX	Pimco Real Return	Pair Corr
0.84	KO	Coca Cola Sell-off Trend	Pair Corr
0.69	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.85	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.61	VZ	Verizon Communications Aggressive Push	Pair Corr

Moving against Western Mutual Fund

0.75	KSOCX	Kinetics Small Cap Steady Growth	Pair Corr
0.75	KSCYX	Kinetics Small Cap Steady Growth	Pair Corr
0.75	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.75	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.75	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.75	KSCOX	Kinetics Small Cap Steady Growth	Pair Corr
0.75	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.74	KINAX	Kinetics Internet	Pair Corr
0.74	KINCX	Kinetics Internet	Pair Corr
0.7	LETRX	Voya Russia Fund	Pair Corr
0.69	MLMAX	Global E Portfolio	Pair Corr
0.66	AMEIX	Equity Growth	Pair Corr
0.37	GAPIX	Goldman Sachs Equity	Pair Corr
0.74	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.63	SAGAX	Ridgeworth Innovative	Pair Corr
0.63	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.6	AMGIX	Income Growth	Pair Corr
0.6	DIS	Walt Disney Aggressive Push	Pair Corr
0.57	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.49	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.49	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.43	T	ATT Inc Aggressive Push	Pair Corr
0.4	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr

Related Correlations Analysis

	DACGX	ICAXX	BIGLX	FISAX	SSAGX	DIPXX
DACGX		0.0	0.99	0.48	-0.5	-0.75	DACGX
ICAXX	0.0		0.0	0.0	0.0	0.0	ICAXX
BIGLX	0.99	0.0		0.45	-0.53	-0.76	BIGLX
FISAX	0.48	0.0	0.45		0.45	-0.03	FISAX
SSAGX	-0.5	0.0	-0.53	0.45		0.75	SSAGX
DIPXX	-0.75	0.0	-0.76	-0.03	0.75		DIPXX
	DACGX	ICAXX	BIGLX	FISAX	SSAGX	DIPXX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

BIGLX	+ 0.99	DACGX
DIPXX	+ 0.75	SSAGX
FISAX	+ 0.48	DACGX
FISAX	+ 0.45	BIGLX
SSAGX	+ 0.45	FISAX
ICAXX	+ 0.0	DACGX

High negative correlations

DIPXX	- 0.76	BIGLX
DIPXX	- 0.75	DACGX
SSAGX	- 0.53	BIGLX
SSAGX	- 0.5	DACGX
DIPXX	- 0.03	FISAX
DIPXX	- 0.0	ICAXX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DACGX	0.20	(0.01)	0.00	0.31	0.00	0.39	(0.48)	1.03
ICAXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BIGLX	0.23	(0.02)	0.00	0.54	0.00	0.33	(0.55)	1.44
FISAX	0.07	0.00	(0.67)	0.08	(0.18)	0.13	(0.13)	0.80
SSAGX	0.05	0.01	(0.98)	(0.47)	(0.22)	0.10	(0.10)	0.51
DIPXX	0.03	0.01	0.00	(2.41)	0.00	0.00	0.00	1.01

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