Clearbridge Small Correlations

Mutual Funds . USA . 
Fund . Clearbridge Small Cap
LISGX Fund  USD 69.20  0.36  0.52%   
The current 90-days correlation between Clearbridge Small Cap and Clearbridge Aggressive Growth is 0.77 (i.e., Poor 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 0.82 (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 price.

Moving together with Clearbridge Mutual Fund

  0.93SAGCX Clearbridge AggressivePairCorr
  1.0LGASX Clearbridge Small CapPairCorr
  0.84LGFEX Qs International EquityPairCorr
  0.95SAPCX Clearbridge AppreciationPairCorr
  0.62LGOCX Legg Mason BwPairCorr
  0.78WAASX Western Asset TotalPairCorr
  0.97LGSCX Qs Small CapitalizationPairCorr
  0.63WACIX Western Asset EPairCorr
  0.69WACSX Western Asset EPairCorr
  0.65WABCX Western Asset EPairCorr
  0.65WABRX Western Asset EPairCorr
  0.73WABSX Western Asset IntermPairCorr
  0.88WAGIX Western Asset GlobalPairCorr
  0.77SSTLX Western Asset ShortPairCorr
  0.7WAFCX 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
  0.66WAPSX Western Asset EPairCorr
  0.62WAPRX Western Asset EPairCorr
  0.88SBICX Clearbridge InternationalPairCorr
  0.8SBILX Western Asset PoratePairCorr
  0.78WARIX Western Asset TotalPairCorr
  0.67WATCX 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

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 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SAGCX  0.87  0.15  0.15  0.27  0.73 
(1.04)
 2.54 
(1.61)
 6.37 
LGASX  0.90  0.08  0.08  0.21  0.89 
(1.06)
 2.06 
(1.61)
 6.79 
LGFEX  0.55  0.11  0.04  0.42  0.49 
(0.59)
 1.21 
(1.10)
 3.22 
SAPCX  0.59  0.09  0.08  0.24  0.54 
(0.69)
 1.76 
(1.02)
 3.79 
LGOCX  0.33  0.04 (0.25)(0.54) 0.29 
(0.42)
 0.81 
(0.59)
 1.90 
SSMMX  0.17 (0.01)(0.48)(0.14) 0.22 
(0.21)
 0.42 
(0.35)
 1.19 
WAASX  0.16  0.02 (0.44) 1.05  0.00 
(0.20)
 0.33 
(0.33)
 0.88 
LGSCX  0.83  0.13  0.12  0.26  0.80 
(0.94)
 2.47 
(1.71)
 5.59 
WACIX  0.28  0.01 (0.31) 0.22  0.28 
(0.30)
 0.55 
(0.55)
 1.33 
WACSX  0.27  0.01 (0.30) 0.27  0.25 
(0.31)
 0.48 
(0.48)
 1.26 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY