Clearbridge International Correlations

Mutual Funds USA . 
Fund . Clearbridge International Growth
LMGTX Fund  USD 61.83  0.36  0.58%   
The current 90-days correlation between Clearbridge International and Vest Large Cap is -0.11 (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

Poor diversification

The correlation between Clearbridge International Grow and DJI is 0.6 (i.e., Poor 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 estimate.

Moving together with Clearbridge Mutual Fund

  0.94SAGCX Clearbridge AggressivePairCorr
  0.81LGASX Clearbridge Small CapPairCorr
  0.99LGFEX Qs International EquityPairCorr
  0.91SAPCX Clearbridge AppreciationPairCorr
  0.69LGOCX Legg Mason BwPairCorr
  0.74WAASX Western Asset TotalPairCorr
  0.9LGSCX Qs Small CapitalizationPairCorr
  0.62WACSX Western Asset EPairCorr
  0.71WABSX Western Asset IntermPairCorr
  0.84WAGIX Western Asset GlobalPairCorr
  0.73SSTLX Western Asset ShortPairCorr
  0.62WAFSX Western Asset InflationPairCorr
  0.93SBCLX Qs Defensive GrowthPairCorr
  0.88WAHSX Western Asset HighPairCorr
  0.61WAPIX Western Asset EPairCorr
  0.96SBICX Clearbridge InternationalPairCorr
  0.75SBILX Western Asset PoratePairCorr
  0.73WARIX Western Asset TotalPairCorr
  0.66WATCX Western Asset IntermPairCorr
  0.69WATRX Western Asset IntermPairCorr
  0.61WATPX Western Asset InflationPairCorr
  0.93SBMLX Clearbridge Mid CapPairCorr
  0.9SBPLX Clearbridge DividendPairCorr
  0.71WAUCX Western Asset TotalPairCorr
  0.72WAURX Western Asset TotalPairCorr
  0.91SBSDX Qs Sp 500PairCorr
  0.88WAYRX Western Asset HighPairCorr
  0.92SCBCX Qs Servative GrowthPairCorr
  0.94SCGCX 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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