Qs Large Correlations

Mutual Funds . USA . 
Fund . Qs Large Cap
LMUSX Fund  USD 25.44  0.10  0.39%   
The current 90-days correlation between Qs Large Cap and Clearbridge Aggressive Growth is 0.93 (i.e., Almost no diversification). The correlation of Qs Large 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.

Qs Large Correlation With Market

Almost no diversification

The correlation between Qs Large Cap and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Qs Large 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 Qs Large 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 state.

Moving together with LMUSX Mutual Fund

  0.99SAGCX Clearbridge AggressivePairCorr
  0.95LGASX Clearbridge Small CapPairCorr
  0.94LGFEX Qs International EquityPairCorr
  1.0SAPCX Clearbridge AppreciationPairCorr
  0.68LGOCX Legg Mason BwPairCorr
  0.8WAASX Western Asset TotalPairCorr
  0.99LGSCX Qs Small CapitalizationPairCorr
  0.63WACIX Western Asset EPairCorr
  0.69WACSX Western Asset EPairCorr
  0.65WABCX Western Asset EPairCorr
  0.66WABRX Western Asset EPairCorr
  0.76WABSX Western Asset IntermPairCorr
  0.91WAGIX Western Asset GlobalPairCorr
  0.79SSTLX Western Asset ShortPairCorr
  0.69WAFCX Western Asset InflationPairCorr
  0.71WAFSX Western Asset InflationPairCorr
  0.68WAFRX Western Asset InflationPairCorr
  0.99SBCLX Qs Defensive GrowthPairCorr
  0.96WAHSX Western Asset HighPairCorr
  0.67WAPIX Western Asset EPairCorr
  0.66WAPSX Western Asset EPairCorr
  0.62WAPRX Western Asset EPairCorr
  0.97SBICX Clearbridge InternationalPairCorr
  0.82SBILX Western Asset PoratePairCorr
  0.8WARIX Western Asset TotalPairCorr
  0.7WATCX Western Asset IntermPairCorr
  0.73WATRX Western Asset IntermPairCorr
  0.7WATPX Western Asset InflationPairCorr
  0.99SBMLX Clearbridge Mid CapPairCorr
  0.98SBPLX Clearbridge DividendPairCorr
  0.77WAUCX Western Asset TotalPairCorr
  0.79WAURX Western Asset TotalPairCorr
  1.0SBSDX Qs Sp 500PairCorr
  0.96WAYRX Western Asset HighPairCorr
  1.0SCBCX Qs Servative GrowthPairCorr
  1.0SCGCX Qs Moderate GrowthPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between LMUSX Mutual Fund performing well and Qs Large 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 Qs Large'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 
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 
WABCX  0.26  0.01 (0.29) 0.28  0.26 
(0.31)
 0.57 
(0.48)
 1.53 

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