Clearbridge Sustainability Correlations
| LCISX Fund | USD 27.32 0.06 0.22% |
The current 90-days correlation between Clearbridge Sustainability and Qs Global Equity is 0.94 (i.e., Almost no diversification). The correlation of Clearbridge Sustainability 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.
Clearbridge Sustainability Correlation With Market
Almost no diversification
The correlation between Clearbridge Sustainability and DJI is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clearbridge Sustainability and DJI in the same portfolio, assuming nothing else is changed.
Clearbridge |
Moving together with Clearbridge Mutual Fund
| 0.97 | TEDIX | Franklin Mutual Global | PairCorr |
| 0.96 | TEQIX | Franklin Mutual Quest | PairCorr |
| 0.98 | TESGX | Templeton Global Smaller | PairCorr |
| 0.94 | LGIEX | Qs International Equity | PairCorr |
| 0.96 | SASMX | Clearbridge Small Cap | PairCorr |
| 0.64 | WAADX | Western Asset Smash | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Clearbridge Mutual Fund performing well and Clearbridge Sustainability 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 Clearbridge Sustainability'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SMYIX | 0.53 | 0.13 | 0.11 | 0.36 | 0.00 | 1.58 | 3.63 | |||
| CBSYX | 0.27 | 0.06 | (0.14) | 0.38 | 0.00 | 0.56 | 2.07 | |||
| JGECX | 0.51 | 0.18 | 0.01 | (2.58) | 0.35 | 1.49 | 3.38 | |||
| CAEIX | 0.65 | 0.25 | 0.20 | 0.58 | 0.27 | 1.70 | 4.46 | |||
| VHGEX | 0.60 | 0.17 | 0.17 | 0.38 | 0.17 | 1.97 | 5.07 | |||
| RGELX | 0.58 | 0.24 | 0.06 | (2.10) | 0.41 | 1.85 | 3.72 | |||
| GLOIX | 0.55 | 0.16 | (0.01) | 3.36 | 0.38 | 1.28 | 2.83 | |||
| DODWX | 0.50 | 0.11 | 0.07 | 0.34 | 0.25 | 1.45 | 3.29 |