Western Asset Correlations

ARMZX Fund

USD 9.16 0.01 0.11%

The current 90-days correlation between Western Asset Adjustable and Franklin Mutual Beacon is 0.01 (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 Adjustable and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Western Asset Adjustable and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Western Asset Adjustable. 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 nation.

Moving against Western Mutual Fund

0.83	TEFRX	Templeton Foreign	Pair Corr
0.83	TEFTX	Templeton Foreign	Pair Corr
0.83	TEMFX	Templeton Foreign	Pair Corr
0.82	TEGBX	Templeton Global Bond	Pair Corr
0.77	TEDMX	Templeton Developing	Pair Corr
0.73	TEMMX	Templeton Emerging	Pair Corr
0.72	TEMIX	Franklin Mutual European	Pair Corr
0.45	TEDSX	Franklin Mutual Global	Pair Corr
0.45	TEDRX	Franklin Mutual Global	Pair Corr
0.44	TEDIX	Franklin Mutual Global	Pair Corr
0.41	TEMGX	Templeton Global Smaller	Pair Corr
0.4	TEGRX	Templeton Growth	Pair Corr
0.75	TEURX	Franklin Mutual European	Pair Corr
0.73	TEMZX	Templeton Emerging	Pair Corr
0.67	LGIEX	Qs International Equity	Pair Corr
0.56	LGGAX	Clearbridge International	Pair Corr
0.48	FQEMX	Franklin Templeton Smacs	Pair Corr
0.43	TESGX	Templeton Global Smaller	Pair Corr
0.39	TEPLX	Templeton Growth	Pair Corr
0.83	TFFAX	Templeton Foreign	Pair Corr
0.71	FQTIX	Franklin Strategic Series	Pair Corr
0.7	WABAX	Western Asset E	Pair Corr
0.64	WAFAX	Western Asset Inflation	Pair Corr
0.59	FQTEX	Franklin Strategic Series	Pair Corr
0.57	TFESX	International Equity	Pair Corr

Related Correlations Analysis

	TEBIX	TEDMX	TEDIX	TEDSX	TEDRX	TEFRX	TEFTX	TEGBX	TEGRX	TEMFX
TEBIX		0.33	0.94	0.86	0.93	0.46	0.4	0.35	0.83	0.47	TEBIX
TEDMX	0.33		0.6	0.59	0.61	0.96	0.93	0.89	0.53	0.96	TEDMX
TEDIX	0.94	0.6		0.94	1.0	0.7	0.66	0.6	0.82	0.71	TEDIX
TEDSX	0.86	0.59	0.94		0.94	0.69	0.69	0.64	0.76	0.7	TEDSX
TEDRX	0.93	0.61	1.0	0.94		0.71	0.67	0.61	0.82	0.72	TEDRX
TEFRX	0.46	0.96	0.7	0.69	0.71		0.96	0.94	0.64	1.0	TEFRX
TEFTX	0.4	0.93	0.66	0.69	0.67	0.96		0.95	0.58	0.96	TEFTX
TEGBX	0.35	0.89	0.6	0.64	0.61	0.94	0.95		0.52	0.93	TEGBX
TEGRX	0.83	0.53	0.82	0.76	0.82	0.64	0.58	0.52		0.64	TEGRX
TEMFX	0.47	0.96	0.71	0.7	0.72	1.0	0.96	0.93	0.64		TEMFX
	TEBIX	TEDMX	TEDIX	TEDSX	TEDRX	TEFRX	TEFTX	TEGBX	TEGRX	TEMFX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
TEBIX	0.54	(0.13)	(1.76)	0.83	(1.05)	6.52
TEDMX	0.74	(0.09)	(0.68)	1.49	(1.68)	6.20
TEDIX	0.62	(0.20)	(8.93)	0.85	(1.05)	10.42
TEDSX	0.62	(0.21)	5.67	0.82	(1.35)	9.48
TEDRX	0.62	(0.20)	(8.59)	0.84	(1.08)	10.33
TEFRX	0.73	(0.17)	(3.11)	1.08	(2.02)	5.69
TEFTX	0.74	(0.19)	(1.22)	1.05	(1.97)	5.54
TEGBX	0.43	(0.22)	(1.81)	0.67	(1.01)	3.22
TEGRX	0.57	(0.09)	(0.61)	0.99	(0.94)	4.35
TEMFX	0.73	(0.18)	(2.84)	1.05	(2.06)	5.66

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Western Asset Correlations

Western Asset Correlation With Market

Good diversification

Moving against Western Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY