Western AssetClaymore Correlations

WIA Etf

USD 8.26 0.02 0.24%

The current 90-days correlation between Western AssetClaymore and Cohen Steers Closed is 0.02 (i.e., Significant diversification). The correlation of Western AssetClaymore 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.

Western AssetClaymore Correlation With Market

Significant diversification

The correlation between Western AssetClaymore Infl and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Western AssetClaymore Infl 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 AssetClaymore Infl. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Western Etf

0.61	CMDY	iShares Bloomberg Roll	Pair Corr
0.63	BCD	abrdn Bloomberg All	Pair Corr

Moving against Western Etf

0.42	MAXI	Simplify Bitcoin Strategy	Pair Corr
0.42	VFH	Vanguard Financials Index	Pair Corr
0.39	TBF	ProShares Short 20	Pair Corr
0.37	FLRN	SPDR Bloomberg Investment	Pair Corr
0.35	RNSC	First Trust Small Symbol Change	Pair Corr
0.33	ARKK	ARK Innovation ETF	Pair Corr
0.43	BITC	Bitwise Funds Trust	Pair Corr
0.43	BTC	Grayscale Bitcoin Mini	Pair Corr
0.38	PFIX	Simplify Interest Rate	Pair Corr
0.37	PSCU	Invesco SP SmallCap	Pair Corr
0.37	IBDP	iShares iBonds Dec	Pair Corr
0.36	SMDV	ProShares Russell 2000	Pair Corr
0.31	FSCS	First Trust SMID Symbol Change	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.37	-0.17	-0.12	0.53	0.26	0.66	0.45	-0.41	0.18	META
MSFT	0.37		-0.44	-0.05	0.36	0.16	0.25	0.15	0.13	-0.66	MSFT
UBER	-0.17	-0.44		0.06	-0.67	0.12	-0.53	-0.43	0.37	0.44	UBER
F	-0.12	-0.05	0.06		0.21	-0.47	0.32	0.54	-0.35	0.34	F
T	0.53	0.36	-0.67	0.21		-0.26	0.89	0.83	-0.73	-0.09	T
A	0.26	0.16	0.12	-0.47	-0.26		-0.26	-0.46	0.57	-0.08	A
CRM	0.66	0.25	-0.53	0.32	0.89	-0.26		0.92	-0.84	0.14	CRM
JPM	0.45	0.15	-0.43	0.54	0.83	-0.46	0.92		-0.87	0.18	JPM
MRK	-0.41	0.13	0.37	-0.35	-0.73	0.57	-0.84	-0.87		-0.31	MRK
XOM	0.18	-0.66	0.44	0.34	-0.09	-0.08	0.14	0.18	-0.31		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

JPM	+ 0.92	CRM
CRM	+ 0.89	T
JPM	+ 0.83	T
CRM	+ 0.66	META
MRK	+ 0.57	A
JPM	+ 0.54	F

High negative correlations

MRK	- 0.87	JPM
MRK	- 0.84	CRM
MRK	- 0.73	T
T	- 0.67	UBER
XOM	- 0.66	MSFT
CRM	- 0.53	UBER

Western AssetClaymore Competition Risk-Adjusted Indicators

There is a big difference between Western Etf performing well and Western AssetClaymore ETF 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 AssetClaymore'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
META	1.17	0.27	0.15	0.67	1.17	(1.37)	3.22	(1.87)	8.02
MSFT	0.84	0.03	(0.01)	0.16	1.47	(0.79)	1.83	(1.57)	8.14
UBER	1.84	(0.29)	0.00	(0.14)	0.00	0.00	2.69	(5.35)	20.41
F	1.39	(0.13)	(0.04)	0.01	2.12	(1.42)	2.53	(2.79)	11.21
T	0.98	0.12	0.03	0.67	1.05	(1.07)	2.36	(1.99)	6.74
A	1.22	(0.01)	(0.05)	0.08	1.47	(1.30)	2.71	(2.41)	9.02
CRM	1.47	0.42	0.30	0.41	1.03	(1.71)	3.59	(1.93)	13.87
JPM	1.01	0.06	0.12	0.14	0.92	(1.19)	1.73	(1.42)	15.87
MRK	0.95	(0.21)	0.00	(0.78)	0.00	0.00	2.00	(2.17)	5.18
XOM	0.90	0.01	(0.05)	0.14	1.16	(0.98)	1.83	(1.96)	6.06

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