Western Asset Correlations

SSTLX Fund

USD 3.69 0.01 0.27%

The current 90-days correlation between Western Asset Short and Shelton Tactical Credit 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

Good diversification

The correlation between Western Asset Short Term and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Western Asset Short Term and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Western Asset Short Term. 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 bureau of economic analysis.

Moving together with Western Mutual Fund

0.75	LGOCX	Legg Mason Bw	Pair Corr
0.79	WAASX	Western Asset Total	Pair Corr
0.88	WABSX	Western Asset Interm	Pair Corr
0.66	WARIX	Western Asset Total	Pair Corr
0.94	WATCX	Western Asset Interm	Pair Corr
0.85	WATRX	Western Asset Interm	Pair Corr
0.62	WAUCX	Western Asset Total	Pair Corr
0.65	WAURX	Western Asset Total	Pair Corr

Related Correlations Analysis

	DEBIX	NFRIX	JTSQX	BXDCX	TGVCX	RYOCX	AWPZX
DEBIX		0.93	0.91	0.9	0.9	0.93	0.92	DEBIX
NFRIX	0.93		0.91	0.9	0.92	0.95	0.95	NFRIX
JTSQX	0.91	0.91		0.75	0.98	0.94	0.93	JTSQX
BXDCX	0.9	0.9	0.75		0.77	0.82	0.83	BXDCX
TGVCX	0.9	0.92	0.98	0.77		0.94	0.92	TGVCX
RYOCX	0.93	0.95	0.94	0.82	0.94		0.96	RYOCX
AWPZX	0.92	0.95	0.93	0.83	0.92	0.96		AWPZX
	DEBIX	NFRIX	JTSQX	BXDCX	TGVCX	RYOCX	AWPZX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DEBIX	0.20	0.03	0.03	0.61	0.19	(0.25)	0.40	(0.40)	1.40
NFRIX	0.13	0.02	0.02	0.81	0.09	(0.18)	0.51	(0.40)	1.19
JTSQX	0.88	0.05	0.03	0.07	1.48	(0.88)	1.66	(1.54)	10.40
BXDCX	0.10	0.01	(0.03)	(0.70)	0.00	(0.16)	0.22	(0.22)	0.76
TGVCX	1.33	0.11	0.05	0.11	1.94	(1.29)	2.53	(2.97)	14.91
RYOCX	1.32	0.16	0.07	(1.15)	1.93	(1.31)	2.63	(3.04)	16.20
AWPZX	0.82	0.11	0.06	(1.12)	1.32	(0.82)	1.66	(1.73)	8.56

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Western Asset Correlations

Western Asset Correlation With Market

Good diversification

Moving together with Western Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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