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.
Western |
Moving together with Western Mutual Fund
0.82 | SAGCX | Clearbridge Aggressive | PairCorr |
0.77 | LGASX | Clearbridge Small Cap | PairCorr |
0.76 | SAPCX | Clearbridge Appreciation | PairCorr |
0.82 | LGSCX | Qs Small Capitalization | PairCorr |
0.74 | SBCLX | Qs Defensive Growth | PairCorr |
0.81 | SBMLX | Clearbridge Mid Cap | PairCorr |
0.79 | SBPLX | Clearbridge Dividend | PairCorr |
0.81 | SBSDX | Qs Sp 500 | PairCorr |
0.95 | WAYRX | Western Asset High | PairCorr |
0.83 | SCBCX | Qs Servative Growth | PairCorr |
0.84 | SCGCX | Qs Moderate Growth | PairCorr |
Moving against Western Mutual Fund
0.56 | LGOCX | Legg Mason Bw | PairCorr |
0.49 | WABCX | Western Asset E | PairCorr |
0.49 | WABRX | Western Asset E | PairCorr |
0.48 | WAPIX | Western Asset E | PairCorr |
0.47 | WACSX | Western Asset E | PairCorr |
0.47 | WABSX | Western Asset Interm | PairCorr |
0.47 | WAPCX | Western Asset E | PairCorr |
0.46 | WAPSX | Western Asset E | PairCorr |
0.43 | WAPRX | Western Asset E | PairCorr |
0.42 | WACIX | Western Asset E | PairCorr |
0.41 | WAFCX | Western Asset Inflation | PairCorr |
0.4 | WAFRX | Western Asset Inflation | PairCorr |
0.37 | WAFSX | Western Asset Inflation | PairCorr |
0.36 | SBICX | Clearbridge International | PairCorr |
0.34 | SBILX | Western Asset Porate | PairCorr |
0.31 | LGFEX | Qs International Equity | PairCorr |
0.49 | WATRX | Western Asset Interm | PairCorr |
0.46 | WATCX | Western Asset Interm | PairCorr |
0.41 | LMBSX | Western Asset Mortgage | PairCorr |
0.38 | WATPX | Western Asset Inflation | PairCorr |
0.36 | LIORX | Clearbridge International | PairCorr |
Related Correlations Analysis
0.31 | 0.93 | 0.92 | 0.83 | GSCYX | ||
0.31 | 0.26 | 0.39 | 0.55 | GWOAX | ||
0.93 | 0.26 | 0.94 | 0.9 | LMUSX | ||
0.92 | 0.39 | 0.94 | 0.9 | APDNX | ||
0.83 | 0.55 | 0.9 | 0.9 | FLDFX | ||
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
GSCYX | 0.80 | 0.00 | 0.05 | 0.12 | 0.65 | 1.90 | 7.13 | |||
GWOAX | 0.53 | (0.05) | (0.14) | 0.05 | 0.62 | 0.93 | 2.94 | |||
LMUSX | 0.56 | 0.18 | 0.09 | 2.64 | 0.46 | 1.28 | 4.08 | |||
APDNX | 0.52 | 0.08 | (0.09) | (3.33) | 0.41 | 1.24 | 3.41 | |||
FLDFX | 0.39 | 0.05 | (0.15) | 1.48 | 0.40 | 0.69 | 2.60 |