Western Asset Correlations

WIW Etf

USD 8.71 0.07 0.80%

The current 90-days correlation between Western Asset Claymore and Aberdeen Standard Global is 0.29 (i.e., Modest 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.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Asset Claymore. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Western Etf

0.84	GLDX	USCF Gold Strategy	Pair Corr
0.9	FDV	First Trust Capital	Pair Corr
0.91	TRSY	Xtrackers 0 1	Pair Corr
0.86	HERO	Global X Video	Pair Corr
0.91	VUSB	Vanguard Ultra Short	Pair Corr
0.89	FLXR	TCW ETF Trust	Pair Corr
0.74	JHID	John Hancock Exchange	Pair Corr
0.74	DIVP	Advisors Inner	Pair Corr
0.71	XLU	Utilities Select Sector	Pair Corr
0.83	FLCH	Franklin FTSE China	Pair Corr
0.91	FLTTX	WisdomTree Floating Rate	Pair Corr
0.86	VPL	Vanguard FTSE Pacific	Pair Corr
0.81	SYFI	AB Active ETFs,	Pair Corr
0.89	IG	Principal Exchange	Pair Corr
0.92	SPEU	SPDR Portfolio Europe Potential Growth	Pair Corr
0.88	VCIT	Vanguard Intermediate Sell-off Trend	Pair Corr
0.93	IEFA	iShares Core MSCI Sell-off Trend	Pair Corr
0.92	SDIV	Global X SuperDividend	Pair Corr
0.83	MCHS	Matthews China Discovery	Pair Corr
0.85	BBSB	JP Morgan Exchange	Pair Corr
0.89	SPIB	SPDR Barclays Interm Sell-off Trend	Pair Corr
0.88	VCRB	Vanguard Core Bond	Pair Corr
0.81	CADCX	Cion Ares Diversified	Pair Corr
0.93	BKIE	BNY Mellon International	Pair Corr
0.61	CPII	Ionic Inflation Prot	Pair Corr
0.77	BSCW	Invesco Exchange Traded	Pair Corr
0.91	SHV	iShares Short Treasury	Pair Corr
0.89	VPLS	Vanguard Core Plus	Pair Corr
0.88	DBND	DoubleLine Opportunistic	Pair Corr
0.94	HFXI	IQ 50 Percent	Pair Corr
0.86	FLC	Flaherty Crumrine Total	Pair Corr
0.94	JPIE	JP Morgan Exchange	Pair Corr
0.88	FBND	Fidelity Total Bond	Pair Corr
0.91	CWI	SPDR MSCI ACWI	Pair Corr
0.79	ISJMF	iShares V Public	Pair Corr

Moving against Western Etf

0.4

XOVR

ERShares Private Public Symbol Change

Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		-0.02	0.58	-0.53	0.3	0.43	0.28	0.9	-0.74	-0.03	META
MSFT	-0.02		-0.62	0.02	-0.8	0.7	0.89	0.13	0.43	-0.55	MSFT
UBER	0.58	-0.62		-0.28	0.81	-0.27	-0.53	0.51	-0.84	0.57	UBER
F	-0.53	0.02	-0.28		0.0	-0.09	-0.16	-0.37	0.51	0.36	F
T	0.3	-0.8	0.81	0.0		-0.59	-0.71	0.16	-0.65	0.6	T
A	0.43	0.7	-0.27	-0.09	-0.59		0.8	0.62	0.11	-0.34	A
CRM	0.28	0.89	-0.53	-0.16	-0.71	0.8		0.36	0.23	-0.61	CRM
JPM	0.9	0.13	0.51	-0.37	0.16	0.62	0.36		-0.63	0.06	JPM
MRK	-0.74	0.43	-0.84	0.51	-0.65	0.11	0.23	-0.63		-0.32	MRK
XOM	-0.03	-0.55	0.57	0.36	0.6	-0.34	-0.61	0.06	-0.32		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

JPM	+ 0.9	META
CRM	+ 0.89	MSFT
T	+ 0.81	UBER
CRM	+ 0.8	A
A	+ 0.7	MSFT
JPM	+ 0.62	A

High negative correlations

MRK	- 0.84	UBER
T	- 0.8	MSFT
MRK	- 0.74	META
CRM	- 0.71	T
MRK	- 0.65	T
MRK	- 0.63	JPM

Western Asset Competition 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
META	1.63	0.04	0.02	0.00	2.27	(1.46)	2.96	(3.73)	8.90
MSFT	1.11	(0.18)	0.00	(0.29)	0.00	0.00	2.58	(2.14)	10.31
UBER	1.88	0.40	0.18	0.75	2.03	(2.05)	4.72	(3.13)	12.75
F	1.44	0.14	0.06	0.09	2.12	(1.42)	2.71	(2.88)	10.14
T	0.99	0.29	0.19	0.56	1.43	(1.11)	1.90	(1.55)	11.66
A	1.16	(0.14)	0.00	(0.20)	0.00	0.00	2.92	(2.59)	9.03
CRM	1.40	(0.29)	0.00	(0.29)	0.00	0.00	2.72	(3.81)	8.88
JPM	1.14	0.10	0.05	0.05	1.76	(1.09)	2.16	(3.35)	6.85
MRK	1.16	(0.11)	0.00	1.03	0.00	0.00	2.07	(1.80)	11.58
XOM	1.03	0.13	0.10	0.27	1.28	(1.06)	2.55	(2.36)	5.89

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Western Asset Correlations

Moving together with Western Etf

Moving against Western Etf

Related Correlations Analysis

Correlation Matchups

Western Asset Competition Risk-Adjusted Indicators

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