Western Asset Correlations

Mutual Funds . USA . 
Fund . Western Asset Inflation
WAFSX Fund  USD 9.68  0.01  0.10%   
The current 90-days correlation between Western Asset Inflation and Global Gold Fund is 0.02 (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

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 main economic indicators.

Moving together with Western Mutual Fund

  0.74WACIX Western Asset EPairCorr
  0.69WACSX Western Asset EPairCorr
  0.66WABCX Western Asset EPairCorr
  0.78WABRX Western Asset EPairCorr
  0.98WAFCX Western Asset InflationPairCorr
  0.99WAFRX Western Asset InflationPairCorr
  0.8WAPCX Western Asset EPairCorr
  0.74WAPIX Western Asset EPairCorr
  0.75WAPSX Western Asset EPairCorr
  0.81WAPRX Western Asset EPairCorr
  0.66SBILX Western Asset PoratePairCorr
  0.61WATCX Western Asset IntermPairCorr
  0.98WATPX Western Asset InflationPairCorr

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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