Clearbridge International Correlations

Mutual Funds USA . 
Fund . Clearbridge International Growth
LMGPX Fund  USD 74.91  0.43  0.58%   
The current 90-days correlation between Clearbridge International and Fidelity Advisor Health is -0.05 (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 american community survey.

Moving together with Clearbridge Mutual Fund

  0.94SAGCX Clearbridge AggressivePairCorr
  0.81LGASX Clearbridge Small CapPairCorr
  0.98LGFEX Qs International EquityPairCorr
  0.92SAPCX Clearbridge AppreciationPairCorr
  0.69LGOCX Legg Mason BwPairCorr
  0.73WAASX Western Asset TotalPairCorr
  0.9LGSCX Qs Small CapitalizationPairCorr
  0.63WACSX Western Asset EPairCorr
  0.86WAGIX Western Asset GlobalPairCorr
  0.76SSTLX Western Asset ShortPairCorr
  0.62WAFSX Western Asset InflationPairCorr
  0.63SBCLX Qs Defensive GrowthPairCorr
  0.7SBICX Clearbridge InternationalPairCorr
  0.76SBILX Western Asset PoratePairCorr
  0.73WARIX Western Asset TotalPairCorr
  0.66WATCX Western Asset IntermPairCorr
  0.7WATRX Western Asset IntermPairCorr
  0.61WATPX Western Asset InflationPairCorr
  0.61SBMLX Clearbridge Mid CapPairCorr
  0.62SBPLX Clearbridge DividendPairCorr
  0.73WAURX Western Asset TotalPairCorr
  0.89WAYRX Western Asset HighPairCorr
  0.63SCBCX Qs Servative GrowthPairCorr
  0.93SCGCX 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 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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