Western Asset Correlations

WINC Etf

USD 24.14 0.01 0.04%

The current 90-days correlation between Western Asset Short and Strategy Shares is 0.14 (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.

Western Asset Correlation With Market

Modest diversification

The correlation between Western Asset Short and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Western Asset Short 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 Short. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Western Etf

0.97	BSV	Vanguard Short Term	Pair Corr
0.97	IGSB	iShares 1 5	Pair Corr
0.99	SPSB	SPDR Barclays Short	Pair Corr
0.98	ISTB	iShares Core 1	Pair Corr
0.98	SLQD	iShares 0 5	Pair Corr
0.92	GVI	iShares Intermediate	Pair Corr
0.98	LDUR	PIMCO Enhanced Low	Pair Corr
0.97	SUSB	iShares ESG 1	Pair Corr
0.86	FXY	Invesco CurrencyShares	Pair Corr
0.86	PMBS	PIMCO Mortgage Backed	Pair Corr
0.7	AMPD	Tidal Trust II	Pair Corr
0.94	VGK	Vanguard FTSE Europe Sell-off Trend	Pair Corr
0.96	CAAA	First Trust Exchange	Pair Corr
0.69	TWM	ProShares UltraShort	Pair Corr
0.95	DDWM	WisdomTree Dynamic	Pair Corr
0.68	BME	BlackRock Health Sciences	Pair Corr
0.92	GHTA	Collaborative Investment	Pair Corr
0.7	FLBR	Franklin FTSE Brazil	Pair Corr
0.86	TCHI	iShares MSCI China	Pair Corr
0.85	BKAG	BNY Mellon Core	Pair Corr
0.61	PUI	Invesco DWA Utilities	Pair Corr
0.61	PSQ	ProShares Short QQQ	Pair Corr
0.7	NTSE	WisdomTree Emerging	Pair Corr
0.84	INTL	Main International ETF Low Volatility	Pair Corr
0.85	QHY	WisdomTree Short Term Symbol Change	Pair Corr
0.94	AIVI	WisdomTree International	Pair Corr
0.87	EMB	iShares JP Morgan Symbol Change	Pair Corr
0.9	SPAQ	Horizon Kinetics SPAC	Pair Corr
0.85	BOIL	ProShares Ultra Bloomberg Buyout Trend	Pair Corr
0.85	IUSB	iShares Core Total	Pair Corr
0.75	AMPS	Altus Power	Pair Corr
0.92	MNA	IQ Merger Arbitrage	Pair Corr
0.99	USTB	VictoryShares USAA Core	Pair Corr
0.94	SPEU	SPDR Portfolio Europe	Pair Corr
0.71	DEM	WisdomTree Emerging	Pair Corr
0.88	HCRB	Hartford Core Bond	Pair Corr
0.94	EFNL	iShares MSCI Finland	Pair Corr
0.98	CGUI	Capital Group Fixed	Pair Corr

Moving against Western Etf

0.86

WGMI

Valkyrie Bitcoin Miners

Pair Corr

Related Correlations Analysis

	DHSB	MBOX	MCHI	DIPS	DISO	DIVB	DIVS	DIVZ	MCSE
DHSB		-0.12	-0.01	0.12	-0.02	-0.09	-0.05	-0.1	-0.13	DHSB
MBOX	-0.12		0.2	-0.27	0.41	0.92	0.54	0.74	0.78	MBOX
MCHI	-0.01	0.2		0.42	-0.47	0.48	0.85	0.77	0.69	MCHI
DIPS	0.12	-0.27	0.42		-0.48	-0.04	0.33	0.16	0.13	DIPS
DISO	-0.02	0.41	-0.47	-0.48		0.3	-0.2	-0.09	-0.03	DISO
DIVB	-0.09	0.92	0.48	-0.04	0.3		0.74	0.89	0.89	DIVB
DIVS	-0.05	0.54	0.85	0.33	-0.2	0.74		0.91	0.89	DIVS
DIVZ	-0.1	0.74	0.77	0.16	-0.09	0.89	0.91		0.94	DIVZ
MCSE	-0.13	0.78	0.69	0.13	-0.03	0.89	0.89	0.94		MCSE
	DHSB	MBOX	MCHI	DIPS	DISO	DIVB	DIVS	DIVZ	MCSE

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

MCSE	+ 0.94	DIVZ
DIVB	+ 0.92	MBOX
DIVZ	+ 0.91	DIVS
DIVZ	+ 0.89	DIVB
MCSE	+ 0.89	DIVB
MCSE	+ 0.89	DIVS

High negative correlations

DISO	- 0.48	DIPS
DISO	- 0.47	MCHI
DIPS	- 0.27	MBOX
DIVS	- 0.2	DISO
MCSE	- 0.13	DHSB
MBOX	- 0.12	DHSB

Western Asset Constituents Risk-Adjusted Indicators

There is a big difference between Western Etf performing well and Western Asset ETF 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
DHSB	0.36	(0.12)	0.00	(1.27)	0.00	0.00	0.49	(0.74)	1.22
MBOX	0.68	0.03	0.00	(0.05)	0.00	0.00	1.08	(1.40)	3.45
MCHI	1.34	0.33	0.26	0.74	1.30	(1.55)	2.63	(2.42)	7.91
DIPS	2.26	0.08	0.10	(0.17)	2.77	(2.39)	5.35	(4.43)	23.78
DISO	0.89	(0.11)	0.00	(0.28)	0.00	0.00	1.47	(2.12)	6.61
DIVB	0.65	0.03	0.00	(0.05)	0.00	0.00	1.16	(1.39)	3.13
DIVS	0.62	0.08	0.16	0.07	0.75	(0.65)	1.18	(1.32)	3.19
DIVZ	0.60	0.08	0.15	0.05	0.75	(0.66)	1.20	(1.22)	3.60
MCSE	0.88	0.10	0.10	0.03	1.16	(0.93)	2.52	(1.73)	6.39

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