Western Asset Correlations

Mutual Funds . USA . 
Fund . Western Asset Inflation
WATPX Fund  USD 9.35  0.01  0.11%   
The current 90-days correlation between Western Asset Inflation and Avantis Large Cap is 0.16 (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

Significant diversification

The correlation between Western Asset Inflation and DJI is 0.08 (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 american community survey.

Moving together with Western Mutual Fund

  0.93LGFEX Qs International EquityPairCorr
  0.92LGOCX Legg Mason BwPairCorr
  0.69SSMMX Western Asset ManagedPairCorr
  0.96WAASX Western Asset TotalPairCorr
  0.99WACIX Western Asset EPairCorr
  0.98WACSX Western Asset EPairCorr
  0.98WABCX Western Asset EPairCorr
  0.98WABRX Western Asset EPairCorr
  0.96WABSX Western Asset IntermPairCorr
  0.95WAGIX Western Asset GlobalPairCorr
  0.95SSTLX Western Asset ShortPairCorr
  1.0WAFCX Western Asset InflationPairCorr
  1.0WAFRX Western Asset InflationPairCorr
  0.91WAHSX Western Asset HighPairCorr
  0.98WAPCX Western Asset EPairCorr
  0.98WAPIX Western Asset EPairCorr
  0.99WAPSX Western Asset EPairCorr
  0.99WAPRX Western Asset EPairCorr
  0.9SBICX Clearbridge InternationalPairCorr
  0.98SBILX Western Asset PoratePairCorr
  0.97WARIX Western Asset TotalPairCorr
  0.96WATCX Western Asset IntermPairCorr
  0.97WATRX Western Asset IntermPairCorr
  0.98WAUCX Western Asset TotalPairCorr
  0.97WAURX Western Asset TotalPairCorr
  0.93WAYRX Western Asset HighPairCorr
  0.66SBYLX Western Asset NewPairCorr
  0.75SCACX Western Asset CaliforniaPairCorr

Moving against Western Mutual Fund

  0.6LGSCX Qs Small CapitalizationPairCorr
  0.48LGASX Clearbridge Small CapPairCorr
  0.36SAGCX Clearbridge AggressivePairCorr
  0.48SBMLX Clearbridge Mid CapPairCorr
  0.48LISGX Clearbridge Small CapPairCorr
  0.37SBSDX Qs Sp 500PairCorr
  0.35SCHCX 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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