Western Asset Diversified Income Fund (WDI) Correlation Distribution
Across 6,806 rolling correlation observations between Western Asset Diversified Income Fund (WDI) and other NASDAQ-listed stocks, 74.2% are positive and 25.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.371, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 35.6% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 6,806
- Mean correlation
- 0.371
- Most common range
- 0.7 to 0.8
- Positive pairs
- 74.2%
- Strong positive (≥0.7)
- 35.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 29 | 0.4% | |
| -0.8 to -0.7 | 28 | 0.4% | |
| -0.7 to -0.6 | 147 | 2.2% | |
| -0.6 to -0.5 | 147 | 2.2% | |
| -0.5 to -0.4 | 247 | 3.6% | |
| -0.4 to -0.3 | 246 | 3.6% | |
| -0.3 to -0.2 | 314 | 4.6% | |
| -0.2 to -0.1 | 314 | 4.6% | |
| -0.1 to 0.0 | 278 | 4.1% | |
| 0.0 to 0.1 | 277 | 4.1% | |
| 0.1 to 0.2 | 293 | 4.3% | |
| 0.2 to 0.3 | 292 | 4.3% | |
| 0.3 to 0.4 | 341 | 5.0% | |
| 0.4 to 0.5 | 340 | 5.0% | |
| 0.5 to 0.6 | 544 | 8.0% | |
| 0.6 to 0.7 | 544 | 8.0% | |
| 0.7 to 0.8 | 909 | 13.4% | |
| 0.8 to 0.9 | 908 | 13.3% | |
| 0.9 to 1.0 | 605 | 8.9% |
Frequently asked questions
What is the average correlation of WDI?
Western Asset Diversified Income Fund (WDI) has an average correlation of about 0.371 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is WDI positively correlated with other stocks?
Mostly yes — 74.2% of pairs are positive and 25.8% are negative. Strong positive correlations (≥0.7) make up 35.6%.
What is the most common correlation range for WDI?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 26% of all pairs.
Explore the full interactive correlation distribution for WDI.
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