Clearbridge Aggressive Correlations

Mutual Funds . USA . 
Fund . Clearbridge Aggressive Growth
SAGCX Fund  USD 35.93  0.13  0.36%   
The current 90-days correlation between Clearbridge Aggressive and Pimco Energy Tactical is 0.32 (i.e., Weak diversification). The correlation of Clearbridge Aggressive 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 Aggressive Correlation With Market

Very poor diversification

The correlation between Clearbridge Aggressive Growth and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clearbridge Aggressive Growth and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Clearbridge Aggressive 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 main economic indicators.

Moving together with Clearbridge Mutual Fund

  0.94LGASX Clearbridge Small CapPairCorr
  0.95LGFEX Qs International EquityPairCorr
  0.97SAPCX Clearbridge AppreciationPairCorr
  0.7LGOCX Legg Mason BwPairCorr
  0.82WAASX Western Asset TotalPairCorr
  0.97LGSCX Qs Small CapitalizationPairCorr
  0.64WACIX Western Asset EPairCorr
  0.71WACSX Western Asset EPairCorr
  0.67WABCX Western Asset EPairCorr
  0.67WABRX Western Asset EPairCorr
  0.77WABSX Western Asset IntermPairCorr
  0.92WAGIX Western Asset GlobalPairCorr
  0.81SSTLX 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
  0.69WAPIX Western Asset EPairCorr
  0.67WAPSX Western Asset EPairCorr
  0.63WAPRX Western Asset EPairCorr
  0.96SBICX Clearbridge InternationalPairCorr
  0.83SBILX Western Asset PoratePairCorr
  0.8WARIX Western Asset TotalPairCorr
  0.71WATCX Western Asset IntermPairCorr
  0.75WATRX Western Asset IntermPairCorr
  0.69WATPX Western Asset InflationPairCorr
  0.99SBMLX Clearbridge Mid CapPairCorr
  0.96SBPLX Clearbridge DividendPairCorr
  0.78WAUCX Western Asset TotalPairCorr
  0.8WAURX Western Asset TotalPairCorr
  0.99SBSDX Qs Sp 500PairCorr
  0.96WAYRX Western Asset HighPairCorr
  0.98SCBCX Qs Servative GrowthPairCorr
  1.0SCGCX 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 Aggressive 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 Aggressive'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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