Clearbridge Value Correlations

Mutual Funds . USA . 
Fund . Clearbridge Value Trust
LGVAX Fund  USD 97.53  0.21  0.22%   
The current 90-days correlation between Clearbridge Value Trust and Franklin Mutual Beacon is -0.17 (i.e., Good diversification). The correlation of Clearbridge Value 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 Value Correlation With Market

Almost no diversification

The correlation between Clearbridge Value Trust and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clearbridge Value Trust 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 Value Trust. 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

  0.96TEBIX Franklin Mutual BeaconPairCorr
  0.98TEDMX Templeton DevelopingPairCorr
  0.96TEDIX Franklin Mutual GlobalPairCorr
  0.96TEDSX Franklin Mutual GlobalPairCorr
  0.98TEDRX Franklin Mutual GlobalPairCorr
  0.97TEFRX Templeton ForeignPairCorr
  0.95TEFTX Templeton ForeignPairCorr
  0.91TEGBX Templeton Global BondPairCorr
  0.98TEGRX Templeton GrowthPairCorr
  0.95TEMFX Templeton ForeignPairCorr
  0.96TEMGX Templeton Global SmallerPairCorr
  0.96TEMEX Franklin Mutual BeaconPairCorr
  0.96TEMMX Templeton EmergingPairCorr
  0.95TEMIX Franklin Mutual EuropeanPairCorr
  0.97TEMWX Templeton WorldPairCorr
  0.97TEMTX Franklin Mutual SharesPairCorr
  0.99TEMQX Mutual QuestPairCorr
  0.95SAIFX Clearbridge Large CapPairCorr
  0.97SAGYX Clearbridge AggressivePairCorr
  0.97TEMZX Templeton EmergingPairCorr
  0.98FQEMX Franklin Templeton SmacsPairCorr
  0.96TEQIX Franklin Mutual QuestPairCorr
  0.97TEPLX Templeton GrowthPairCorr
  0.99TWDAX Templeton WorldPairCorr
  0.97TESIX Franklin Mutual SharesPairCorr
  0.97TESGX Templeton Global SmallerPairCorr
  0.97TESRX Franklin Mutual SharesPairCorr
  0.88LGGAX Clearbridge InternationalPairCorr
  0.95TEURX Franklin Mutual EuropeanPairCorr
  0.91LGIEX Qs International EquityPairCorr
  0.97TEWTX Templeton WorldPairCorr
  0.99SAPYX Clearbridge AppreciationPairCorr
  0.96SASMX Clearbridge Small CapPairCorr
  0.89WAADX Western Asset SmashPairCorr
  0.87WAARX 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 Value 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 Value'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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