Western Asset Correlations

Mutual Funds USA . 
Fund . Western Asset California
SCACX Fund  USD 14.07  0.01  0.07%   
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 World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Western Mutual Fund

  1.0FCAVX Franklin California TaxPairCorr
  1.0FKTQX Franklin California TaxPairCorr
  1.0FRCTX Franklin California TaxPairCorr
  1.0FKTFX Franklin California TaxPairCorr
  1.0FTFQX Franklin California TaxPairCorr
  1.0VCITX Vanguard CaliforniaPairCorr
  1.0VCLAX Vanguard CaliforniaPairCorr
  0.98MKCMX Blackrock CaliforniaPairCorr
  1.0TECCX Tax Exempt FundPairCorr
  1.0TAFTX Tax Exempt FundPairCorr
  0.77VSTSX Vanguard Total StockPairCorr
  0.77VSMPX Vanguard Total StockPairCorr
  0.79VITSX Vanguard Total StockPairCorr
  0.8VFFSX Vanguard 500 IndexPairCorr
  0.81VFIAX Vanguard 500 IndexPairCorr
  0.84VTISX Vanguard Total InterPairCorr
  0.84VTSNX Vanguard Total InterPairCorr
  0.84VTPSX Vanguard Total InterPairCorr
  0.81VINIX Vanguard InstitutionalPairCorr
  0.77VTSAX Vanguard Total StockPairCorr
  0.92GPICX Guidepath ConservativePairCorr
  0.67AXP American ExpressPairCorr
  0.8CAT CaterpillarPairCorr
  0.66JNJ Johnson JohnsonPairCorr
  0.74INTC Intel Aggressive PushPairCorr
  0.77IBM International BusinessPairCorr
  0.84GE GE AerospacePairCorr

Moving against Western Mutual Fund

  0.74T ATT IncPairCorr
  0.68PG Procter GamblePairCorr
  0.65DIS Walt DisneyPairCorr
  0.59HD Home DepotPairCorr
  0.52CVX Chevron Corp Sell-off TrendPairCorr
  0.48MCD McDonaldsPairCorr
  0.45HPQ HP Inc Earnings Call TomorrowPairCorr

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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