Western Asset Correlations
| WMCDelisted Stock | USD 9.57 0.12 1.27% |
The current 90-days correlation between Western Asset Mortgage and Dynex Capital is 0.1 (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.
Western Asset Correlation With Market
Good diversification
The correlation between Western Asset Mortgage and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Western Asset Mortgage and DJI in the same portfolio, assuming nothing else is changed.
Western |
Moving together with Western Stock
| 0.62 | PTAIF | PT Astra International | PairCorr |
| 0.66 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.69 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.76 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.76 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.78 | WMT | Walmart Aggressive Push | PairCorr |
| 0.76 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.69 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
Moving against Western Stock
| 0.71 | PKX | POSCO Holdings | PairCorr |
| 0.66 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.65 | EC | Ecopetrol SA ADR Sell-off Trend | PairCorr |
| 0.57 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.37 | PTAIY | Astra International Tbk | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Western Stock performing well and Western Asset Company 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GPMT | 2.25 | 0.48 | 0.19 | 0.66 | 2.00 | 6.55 | 15.56 | |||
| IVR | 1.05 | (0.05) | (0.08) | (0.01) | 1.48 | 1.85 | 6.35 | |||
| EARN | 0.83 | (0.02) | (0.11) | 0.04 | 0.96 | 1.74 | 5.14 | |||
| AAIC | 1.91 | 0.97 | 0.57 | 3.85 | 0.49 | 2.63 | 52.60 | |||
| CIM | 1.01 | (0.10) | 0.00 | (0.03) | 0.00 | 1.69 | 8.55 | |||
| TWO | 0.94 | (0.30) | 0.00 | (0.34) | 0.00 | 1.42 | 8.41 | |||
| MFA | 1.05 | (0.10) | 0.00 | 1.03 | 0.00 | 1.66 | 9.82 | |||
| ORC | 0.84 | (0.05) | (0.09) | (0.01) | 1.40 | 1.69 | 6.41 | |||
| EFC | 0.64 | (0.09) | 0.00 | (0.13) | 0.00 | 0.98 | 4.25 | |||
| BRMK | 1.63 | 0.07 | 0.00 | 0.05 | 0.00 | 3.02 | 8.68 |
View Western Asset Related Equities
| Risk & Return | Correlation |
Western Asset Corporate Executives
Elected by the shareholders, the Western Asset's board of directors comprises two types of representatives: Western Asset inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Western. The board's role is to monitor Western Asset's management team and ensure that shareholders' interests are well served. Western Asset's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Western Asset's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Elliott Neumayer | Chief Operating Officer, Product Specialist, Head of Mortgage-Related Business | Profile |
Still Interested in Western Asset Mortgage?
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