Clearbridge Small Correlations

Mutual Funds . USA . 
Fund . Clearbridge Small Cap
SASMX Fund  USD 38.18  0.60  1.55%   
The current 90-days correlation between Clearbridge Small Cap and Global Technology Portfolio is -0.04 (i.e., Good 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 World Market Map 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 industry.

Moving together with Clearbridge Mutual Fund

  0.87TEBIX Franklin Mutual BeaconPairCorr
  0.79TEDMX Templeton DevelopingPairCorr
  0.84TEDIX Franklin Mutual GlobalPairCorr
  0.84TEDSX Franklin Mutual GlobalPairCorr
  0.79TEDRX Franklin Mutual GlobalPairCorr
  0.73TEFRX Templeton ForeignPairCorr
  0.73TEFTX Templeton ForeignPairCorr
  0.72TEGBX Templeton Global BondPairCorr
  0.81TEGRX Templeton GrowthPairCorr
  0.73TEMFX Templeton ForeignPairCorr
  0.87TEMEX Franklin Mutual BeaconPairCorr
  0.85TEMIX Franklin Mutual EuropeanPairCorr
  0.8TEMWX Templeton WorldPairCorr
  0.9TEMQX Mutual QuestPairCorr
  0.78FQCTX Franklin Necticut TaxPairCorr
  0.87SAIFX Clearbridge Large CapPairCorr
  0.84SAGYX Clearbridge AggressivePairCorr
  0.8FQCHX Franklin Templeton SmacsPairCorr
  0.71FQEMX Franklin Templeton SmacsPairCorr
  0.9TEQIX Franklin Mutual QuestPairCorr
  0.81TEPLX Templeton GrowthPairCorr
  0.75TWDAX Templeton WorldPairCorr
  0.82LGGAX Clearbridge InternationalPairCorr
  0.76TEURX Franklin Mutual EuropeanPairCorr
  0.79LGIEX Qs International EquityPairCorr
  0.79FQLAX Franklin Louisiana TaxPairCorr
  0.79TEWTX Templeton WorldPairCorr
  0.81SAPYX Clearbridge AppreciationPairCorr
  0.79FQNCX Franklin North CarolinaPairCorr
  0.79FQMDX Franklin Maryland TaxPairCorr
  0.61WAADX Western Asset SmashPairCorr
  0.87WAARX Western Asset TotalPairCorr

Related Correlations Analysis


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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