Clearbridge Small Correlations

Mutual Funds . USA . 
Fund . Clearbridge Small Cap
LGASX Fund  USD 63.91  0.33  0.51%   
The current 90-days correlation between Clearbridge Small Cap and Vanguard Small Cap Value is 0.95 (i.e., Almost no diversification). The correlation of Clearbridge Small 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 Small Correlation With Market

Very poor diversification

The correlation between Clearbridge Small Cap and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clearbridge Small Cap and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Clearbridge Small Cap. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Clearbridge Mutual Fund

  0.94SAGCX Clearbridge AggressivePairCorr
  0.84LGFEX Qs International EquityPairCorr
  0.95SAPCX Clearbridge AppreciationPairCorr
  0.62LGOCX Legg Mason BwPairCorr
  0.79WAASX Western Asset TotalPairCorr
  0.97LGSCX Qs Small CapitalizationPairCorr
  0.63WACIX Western Asset EPairCorr
  0.69WACSX Western Asset EPairCorr
  0.65WABCX Western Asset EPairCorr
  0.66WABRX Western Asset EPairCorr
  0.73WABSX Western Asset IntermPairCorr
  0.88WAGIX Western Asset GlobalPairCorr
  0.77SSTLX Western Asset ShortPairCorr
  0.71WAFCX Western Asset InflationPairCorr
  0.72WAFSX Western Asset InflationPairCorr
  0.7WAFRX Western Asset InflationPairCorr
  0.94SBCLX Qs Defensive GrowthPairCorr
  0.92WAHSX Western Asset HighPairCorr
  0.67WAPIX Western Asset EPairCorr
  0.67WAPSX Western Asset EPairCorr
  0.63WAPRX Western Asset EPairCorr
  0.88SBICX Clearbridge InternationalPairCorr
  0.8SBILX Western Asset PoratePairCorr
  0.78WARIX Western Asset TotalPairCorr
  0.68WATCX Western Asset IntermPairCorr
  0.7WATRX Western Asset IntermPairCorr
  0.7WATPX Western Asset InflationPairCorr
  0.95SBMLX Clearbridge Mid CapPairCorr
  0.94SBPLX Clearbridge DividendPairCorr
  0.75WAUCX Western Asset TotalPairCorr
  0.77WAURX Western Asset TotalPairCorr
  0.96SBSDX Qs Sp 500PairCorr
  0.92WAYRX Western Asset HighPairCorr
  0.95SCBCX Qs Servative GrowthPairCorr
  0.95SCGCX Qs Moderate GrowthPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Clearbridge Mutual Fund performing well and Clearbridge Small 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 Small'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.

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