Clearbridge Value Correlations

Mutual Funds . USA . 
Fund . Clearbridge Value Trust
LMVFX Fund  USD 121.81  0.26  0.21%   
The current 90-days correlation between Clearbridge Value Trust and First Eagle Gold is -0.41 (i.e., Very good diversification). The correlation of Clearbridge Value 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 Value Correlation With Market

Almost no diversification

The correlation between Clearbridge Value Trust and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clearbridge Value Trust 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 Value Trust. 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 census.

Moving together with Clearbridge Mutual Fund

  0.97SAGCX Clearbridge AggressivePairCorr
  0.95LGASX Clearbridge Small CapPairCorr
  0.91LGFEX Qs International EquityPairCorr
  0.98SAPCX Clearbridge AppreciationPairCorr
  0.78LGOCX Legg Mason BwPairCorr
  0.87WAASX Western Asset TotalPairCorr
  0.99LGSCX Qs Small CapitalizationPairCorr
  0.73WACIX Western Asset EPairCorr
  0.78WACSX Western Asset EPairCorr
  0.75WABCX Western Asset EPairCorr
  0.75WABRX Western Asset EPairCorr
  0.83WABSX Western Asset IntermPairCorr
  0.96WAGIX Western Asset GlobalPairCorr
  0.85SSTLX Western Asset ShortPairCorr
  0.74WAFCX Western Asset InflationPairCorr
  0.76WAFSX Western Asset InflationPairCorr
  0.74WAFRX Western Asset InflationPairCorr
  0.99SBCLX Qs Defensive GrowthPairCorr
  0.98WAHSX Western Asset HighPairCorr
  0.69WAPCX Western Asset EPairCorr
  0.77WAPIX Western Asset EPairCorr
  0.75WAPSX Western Asset EPairCorr
  0.72WAPRX Western Asset EPairCorr
  0.95SBICX Clearbridge InternationalPairCorr
  0.89SBILX Western Asset PoratePairCorr
  0.87WARIX Western Asset TotalPairCorr
  0.78WATCX Western Asset IntermPairCorr
  0.81WATRX Western Asset IntermPairCorr
  0.74WATPX Western Asset InflationPairCorr
  0.98SBMLX Clearbridge Mid CapPairCorr
  0.99SBPLX Clearbridge DividendPairCorr
  0.84WAUCX Western Asset TotalPairCorr
  0.86WAURX Western Asset TotalPairCorr
  0.99SBSDX Qs Sp 500PairCorr
  0.98WAYRX Western Asset HighPairCorr
  0.98SCBCX Qs Servative GrowthPairCorr
  0.98SCGCX 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 Value 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 Value'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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