Western Asset Correlations

Mutual Funds . USA . 
Fund . Western Asset E
WABRX Fund  USD 10.67  0.04  0.38%   
The current 90-days correlation between Western Asset E and Commonwealth Real Estate is 0.06 (i.e., Significant 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

Average diversification

The correlation between Western Asset E and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Western Asset E 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 E. 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 real.

Moving together with Western Mutual Fund

  0.73SAGCX Clearbridge AggressivePairCorr
  0.79LGASX Clearbridge Small CapPairCorr
  0.67LGFEX Qs International EquityPairCorr
  0.84SAPCX Clearbridge AppreciationPairCorr
  0.64LGOCX Legg Mason BwPairCorr
  0.97WAASX Western Asset TotalPairCorr
  0.84LGSCX Qs Small CapitalizationPairCorr
  0.94WACIX Western Asset EPairCorr
  0.95WACSX Western Asset EPairCorr
  1.0WABCX Western Asset EPairCorr
  0.62WABSX Western Asset IntermPairCorr
  0.97WAGIX Western Asset GlobalPairCorr
  0.9WAFCX Western Asset InflationPairCorr
  0.94WAFSX Western Asset InflationPairCorr
  0.9WAFRX Western Asset InflationPairCorr
  0.91SBCLX Qs Defensive GrowthPairCorr
  0.93WAHSX Western Asset HighPairCorr
  0.94WAPCX Western Asset EPairCorr
  0.95WAPIX Western Asset EPairCorr
  0.66WAPSX Western Asset EPairCorr
  0.94WAPRX Western Asset EPairCorr
  0.77SBICX Clearbridge InternationalPairCorr
  0.62SBILX Western Asset PoratePairCorr
  0.92WARIX Western Asset TotalPairCorr
  0.94WATCX Western Asset IntermPairCorr
  0.99WATRX Western Asset IntermPairCorr
  0.94WATPX Western Asset InflationPairCorr
  0.78SBMLX Clearbridge Mid CapPairCorr
  0.92WAUCX Western Asset TotalPairCorr
  0.64WAURX Western Asset TotalPairCorr
  0.93WAYRX Western Asset HighPairCorr
  0.61SBYLX Western Asset NewPairCorr
  0.69SCACX Western Asset CaliforniaPairCorr
  0.88SCBCX Qs Servative GrowthPairCorr
  0.85SCGCX Qs Moderate GrowthPairCorr
  0.84SCHCX Qs Growth FundPairCorr

Related Correlations Analysis


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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