Clearbridge International Correlations

Mutual Funds . USA . 
Fund . Clearbridge International Growth
LGGAX Fund  USD 68.61  0.48  0.70%   
The current 90-days correlation between Clearbridge International and Jennison Natural Resources is -0.12 (i.e., Good diversification). The correlation of Clearbridge International 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 International Correlation With Market

Good diversification

The correlation between Clearbridge International Grow and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clearbridge International Grow 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 International Growth. 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 nation.

Moving together with Clearbridge Mutual Fund

  0.95TEBIX Franklin Mutual BeaconPairCorr
  0.9TEDMX Templeton DevelopingPairCorr
  0.96TEDIX Franklin Mutual GlobalPairCorr
  0.96TEDSX Franklin Mutual GlobalPairCorr
  0.94TEDRX Franklin Mutual GlobalPairCorr
  0.93TEFRX Templeton ForeignPairCorr
  0.95TEFTX Templeton ForeignPairCorr
  0.91TEGBX Templeton Global BondPairCorr
  0.93TEGRX Templeton GrowthPairCorr
  0.94TEMFX Templeton ForeignPairCorr
  0.92TEMGX Templeton Global SmallerPairCorr
  0.95TEMEX Franklin Mutual BeaconPairCorr
  0.95TEMMX Templeton EmergingPairCorr
  0.96TEMIX Franklin Mutual EuropeanPairCorr
  0.92TEMWX Templeton WorldPairCorr
  0.9TEMTX Franklin Mutual SharesPairCorr
  0.91TEMQX Mutual QuestPairCorr
  0.9SAIFX Clearbridge Large CapPairCorr
  0.93SAGYX Clearbridge AggressivePairCorr
  0.94TEMZX Templeton EmergingPairCorr
  0.84FQEMX Franklin Templeton SmacsPairCorr
  0.91TEQIX Franklin Mutual QuestPairCorr
  0.94TEPLX Templeton GrowthPairCorr
  0.91TWDAX Templeton WorldPairCorr
  0.9TESIX Franklin Mutual SharesPairCorr
  0.61TESGX Templeton Global SmallerPairCorr
  0.9TESRX Franklin Mutual SharesPairCorr
  0.96TEURX Franklin Mutual EuropeanPairCorr
  0.69LGIEX Qs International EquityPairCorr
  0.92TEWTX Templeton WorldPairCorr
  0.92SAPYX Clearbridge AppreciationPairCorr
  0.88WAADX Western Asset SmashPairCorr
  0.72WAARX Western Asset TotalPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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