Western Asset Correlations

WAHSX Fund  USD 7.07  0.01  0.14%   
The current 90-days correlation between Western Asset High and Small Cap Equity is 0.03 (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 High and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Western Asset High 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 High. 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 state.

Moving together with Western Mutual Fund

  0.82SAGCX Clearbridge AggressivePairCorr
  0.77LGASX Clearbridge Small CapPairCorr
  0.76SAPCX Clearbridge AppreciationPairCorr
  0.82LGSCX Qs Small CapitalizationPairCorr
  0.74SBCLX Qs Defensive GrowthPairCorr
  0.81SBMLX Clearbridge Mid CapPairCorr
  0.79SBPLX Clearbridge DividendPairCorr
  0.81SBSDX Qs Sp 500PairCorr
  0.95WAYRX Western Asset HighPairCorr
  0.83SCBCX Qs Servative GrowthPairCorr
  0.84SCGCX Qs Moderate GrowthPairCorr

Moving against Western Mutual Fund

  0.56LGOCX Legg Mason BwPairCorr
  0.49WABCX Western Asset EPairCorr
  0.49WABRX Western Asset EPairCorr
  0.48WAPIX Western Asset EPairCorr
  0.47WACSX Western Asset EPairCorr
  0.47WABSX Western Asset IntermPairCorr
  0.47WAPCX Western Asset EPairCorr
  0.46WAPSX Western Asset EPairCorr
  0.43WAPRX Western Asset EPairCorr
  0.42WACIX Western Asset EPairCorr
  0.41WAFCX Western Asset InflationPairCorr
  0.4WAFRX Western Asset InflationPairCorr
  0.37WAFSX Western Asset InflationPairCorr
  0.36SBICX Clearbridge InternationalPairCorr
  0.34SBILX Western Asset PoratePairCorr
  0.31LGFEX Qs International EquityPairCorr
  0.49WATRX Western Asset IntermPairCorr
  0.46WATCX Western Asset IntermPairCorr
  0.41LMBSX Western Asset MortgagePairCorr
  0.38WATPX Western Asset InflationPairCorr
  0.36LIORX Clearbridge InternationalPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.