Legg Mason Correlations

Mutual Funds . USA . 
Fund . Legg Mason Bw
LROSX Fund  USD 11.21  0.03  0.27%   
The current 90-days correlation between Legg Mason Bw and Clearbridge Aggressive Growth is -0.12 (i.e., Good diversification). The correlation of Legg Mason 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.

Legg Mason Correlation With Market

Good diversification

The correlation between Legg Mason Bw and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Legg Mason Bw 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 Legg Mason Bw. 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 Legg Mutual Fund

  0.95SAGCX Clearbridge AggressivePairCorr
  0.88LGASX Clearbridge Small CapPairCorr
  0.93LGFEX Qs International EquityPairCorr
  0.95SAPCX Clearbridge AppreciationPairCorr
  0.79LGOCX Legg Mason BwPairCorr
  0.87WAASX Western Asset TotalPairCorr
  0.96LGSCX Qs Small CapitalizationPairCorr
  0.71WACIX Western Asset EPairCorr
  0.76WACSX Western Asset EPairCorr
  0.77WABCX Western Asset EPairCorr
  0.77WABRX Western Asset EPairCorr
  0.82WABSX Western Asset IntermPairCorr
  0.95WAGIX Western Asset GlobalPairCorr
  0.87SSTLX Western Asset ShortPairCorr
  0.73WAFCX Western Asset InflationPairCorr
  0.76WAFSX Western Asset InflationPairCorr
  0.68WAFRX Western Asset InflationPairCorr
  0.97SBCLX Qs Defensive GrowthPairCorr
  0.96WAHSX Western Asset HighPairCorr
  0.71WAPCX Western Asset EPairCorr
  0.75WAPIX Western Asset EPairCorr
  0.73WAPSX Western Asset EPairCorr
  0.7WAPRX Western Asset EPairCorr
  0.96SBICX Clearbridge InternationalPairCorr
  0.89SBILX Western Asset PoratePairCorr
  0.87WARIX Western Asset TotalPairCorr
  0.8WATCX Western Asset IntermPairCorr
  0.82WATRX Western Asset IntermPairCorr
  0.95SBMLX Clearbridge Mid CapPairCorr
  0.95SBPLX Clearbridge DividendPairCorr
  0.85WAUCX Western Asset TotalPairCorr
  0.86WAURX Western Asset TotalPairCorr
  0.95SBSDX Qs Sp 500PairCorr
  0.96WAYRX Western Asset HighPairCorr
  0.96SCBCX Qs Servative GrowthPairCorr
  0.96SCGCX Qs Moderate GrowthPairCorr
  0.95SCHCX Qs Growth FundPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Legg Mutual Fund performing well and Legg Mason 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 Legg Mason'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  0.84  0.12  0.15  0.28  0.60 
(1.04)
 2.54 
(1.47)
 6.37 
LGASX  0.91  0.07  0.07  0.23  0.86 
(1.08)
 2.06 
(1.61)
 6.79 
LGFEX  0.54  0.10  0.00  0.42  0.49 
(0.58)
 1.21 
(1.10)
 3.22 
SAPCX  0.58  0.21  0.04 (2.67) 0.52 
(0.68)
 1.76 
(1.02)
 3.79 
LGOCX  0.33  0.04 (0.31)(1.16) 0.27 
(0.42)
 0.71 
(0.59)
 1.89 
SSMMX  0.17  0.00 (0.61) 0.26  0.22 
(0.21)
 0.42 
(0.35)
 1.19 
WAASX  0.16  0.02 (0.61) 1.46  0.00 
(0.20)
 0.33 
(0.33)
 0.88 
LGSCX  0.83  0.29  0.08 (1.46) 0.80 
(0.96)
 2.47 
(1.71)
 5.59 
WACIX  0.28  0.00 (0.41) 0.18  0.28 
(0.30)
 0.55 
(0.55)
 1.33 
WACSX  0.27  0.00 (0.41) 0.21  0.25 
(0.30)
 0.48 
(0.48)
 1.26 

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