Western Asset Inflation-Linked Income Fund (WIA) Correlation Distribution
Across 6,809 rolling correlation observations between Western Asset Inflation-Linked Income Fund (WIA) and other NASDAQ-listed stocks, 68.4% are positive and 31.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.303, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 39.3% and strong negative correlations (≤−0.7) for 6.9%.
- Total observations
- 6,809
- Mean correlation
- 0.303
- Most common range
- 0.7 to 0.8
- Positive pairs
- 68.4%
- Strong positive (≥0.7)
- 39.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 233 | 3.4% | |
| -0.8 to -0.7 | 232 | 3.4% | |
| -0.7 to -0.6 | 297 | 4.4% | |
| -0.6 to -0.5 | 297 | 4.4% | |
| -0.5 to -0.4 | 225 | 3.3% | |
| -0.4 to -0.3 | 225 | 3.3% | |
| -0.3 to -0.2 | 214 | 3.1% | |
| -0.2 to -0.1 | 213 | 3.1% | |
| -0.1 to 0.0 | 210 | 3.1% | |
| 0.0 to 0.1 | 209 | 3.1% | |
| 0.1 to 0.2 | 201 | 3.0% | |
| 0.2 to 0.3 | 200 | 2.9% | |
| 0.3 to 0.4 | 268 | 3.9% | |
| 0.4 to 0.5 | 267 | 3.9% | |
| 0.5 to 0.6 | 419 | 6.2% | |
| 0.6 to 0.7 | 418 | 6.1% | |
| 0.7 to 0.8 | 922 | 13.5% | |
| 0.8 to 0.9 | 921 | 13.5% | |
| 0.9 to 1.0 | 834 | 12.2% |
Frequently asked questions
What is the average correlation of WIA?
Western Asset Inflation-Linked Income Fund (WIA) has an average correlation of about 0.303 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is WIA positively correlated with other stocks?
Mostly yes — 68.4% of pairs are positive and 31.6% are negative. Strong positive correlations (≥0.7) make up 39.3%.
What is the most common correlation range for WIA?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 18.3% of all pairs.
Explore the full interactive correlation distribution for WIA.
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