Western Asset Correlations

Mutual Funds . USA . 
Fund . Western Asset Total
WARIX Fund  USD 9.26  0.01  0.11%   
The current 90-days correlation between Western Asset Total and Gmo Emerging Markets is 0.19 (i.e., Average 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 Total and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Western Asset Total 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 Total. 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 gross domestic product.

Moving together with Western Mutual Fund

  0.62SAGCX Clearbridge AggressivePairCorr
  0.74LGFEX Qs International EquityPairCorr
  0.62SAPCX Clearbridge AppreciationPairCorr
  0.68LGOCX Legg Mason BwPairCorr
  0.88WAASX Western Asset TotalPairCorr
  0.63LGSCX Qs Small CapitalizationPairCorr
  0.62WACSX Western Asset EPairCorr
  0.64WABRX Western Asset EPairCorr
  0.7WABSX Western Asset IntermPairCorr
  0.72WAGIX Western Asset GlobalPairCorr
  0.71SSTLX Western Asset ShortPairCorr
  0.68WAFSX Western Asset InflationPairCorr
  0.65SBCLX Qs Defensive GrowthPairCorr
  0.69WAHSX Western Asset HighPairCorr
  0.61WAPCX Western Asset EPairCorr
  0.67WAPIX Western Asset EPairCorr
  0.63WAPRX Western Asset EPairCorr
  0.72SBICX Clearbridge InternationalPairCorr
  0.62SBILX Western Asset PoratePairCorr
  0.86WATCX Western Asset IntermPairCorr
  0.72WATRX Western Asset IntermPairCorr
  0.65WATPX Western Asset InflationPairCorr
  0.68SBPLX Clearbridge DividendPairCorr
  0.87WAUCX Western Asset TotalPairCorr
  0.69WAURX Western Asset TotalPairCorr
  0.68WAYRX Western Asset HighPairCorr
  0.62SCBCX Qs Servative GrowthPairCorr

Related Correlations Analysis

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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.

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