Clearbridge Small Correlations

Mutual Funds . USA . 
Fund . Clearbridge Small Cap
LMPOX Fund  USD 33.11  0.20  0.60%   
The current 90-days correlation between Clearbridge Small Cap and Clarion Partners Real is 0.1 (i.e., Average 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

Good diversification

The correlation between Clearbridge Small Cap and DJI is -0.05 (i.e., Good 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 persons.

Moving together with Clearbridge Mutual Fund

  0.75SAGCX Clearbridge AggressivePairCorr
  0.71LGASX Clearbridge Small CapPairCorr
  0.61LGFEX Qs International EquityPairCorr
  0.78SAPCX Clearbridge AppreciationPairCorr
  0.63WAASX Western Asset TotalPairCorr
  0.76LGSCX Qs Small CapitalizationPairCorr
  0.64WABRX Western Asset EPairCorr
  0.73WABSX Western Asset IntermPairCorr
  0.71WAGIX Western Asset GlobalPairCorr
  0.98SBCLX Qs Defensive GrowthPairCorr
  0.94WAHSX Western Asset HighPairCorr
  0.66WAPIX Western Asset EPairCorr
  0.94SBICX Clearbridge InternationalPairCorr
  0.66SBILX Western Asset PoratePairCorr
  0.62WARIX Western Asset TotalPairCorr
  0.99SBMLX Clearbridge Mid CapPairCorr
  0.97SBPLX Clearbridge DividendPairCorr
  0.73WAUCX Western Asset TotalPairCorr
  0.61WAURX Western Asset TotalPairCorr
  0.98SBSDX Qs Sp 500PairCorr
  0.74WAYRX Western Asset HighPairCorr
  0.99SCBCX Qs Servative GrowthPairCorr
  0.76SCGCX 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 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.

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