Western Asset Correlations

Mutual Funds . USA . 
Fund . Western Asset New
SNPYX Fund  USD 11.87  0.02  0.17%   
The current 90-days correlation between Western Asset New and Rbc Bluebay Global is 0.25 (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 World Market Map to better understand how to build diversified portfolios, which includes a position in Western Asset New. 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 world development indicators.

Moving together with Western Mutual Fund

  0.68TEBIX Franklin Mutual BeaconPairCorr
  0.93TEDMX Templeton DevelopingPairCorr
  0.72TEDIX Franklin Mutual GlobalPairCorr
  0.7TEDSX Franklin Mutual GlobalPairCorr
  0.71TEDRX Franklin Mutual GlobalPairCorr
  0.69TEFRX Templeton ForeignPairCorr
  0.68TEFTX Templeton ForeignPairCorr
  0.89TEGBX Templeton Global BondPairCorr
  0.83TEGRX Templeton GrowthPairCorr
  0.69TEMFX Templeton ForeignPairCorr
  0.67TEMEX Franklin Mutual BeaconPairCorr
  0.75TEMIX Franklin Mutual EuropeanPairCorr
  0.84TEMWX Templeton WorldPairCorr
  0.78TEMQX Mutual QuestPairCorr
  1.0FQCTX Franklin Necticut TaxPairCorr
  0.82SAIFX Clearbridge Large CapPairCorr
  0.9SAGYX Clearbridge AggressivePairCorr
  0.99FQCHX Franklin Templeton SmacsPairCorr
  0.92FQEMX Franklin Templeton SmacsPairCorr
  0.78TEQIX Franklin Mutual QuestPairCorr
  0.83TEPLX Templeton GrowthPairCorr
  0.84TWDAX Templeton WorldPairCorr
  0.86LGGAX Clearbridge InternationalPairCorr
  0.75TEURX Franklin Mutual EuropeanPairCorr
  0.83LGIEX Qs International EquityPairCorr
  0.98FQLAX Franklin Louisiana TaxPairCorr
  0.83TEWTX Templeton WorldPairCorr
  0.88SAPYX Clearbridge AppreciationPairCorr
  0.86SASMX Clearbridge Small CapPairCorr
  1.0FQNCX Franklin North CarolinaPairCorr
  1.0FQMDX Franklin Maryland TaxPairCorr

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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