Clearbridge Small Correlations

Mutual Funds . USA . 
Fund . Clearbridge Small Cap
SASMX Fund  USD 35.39  0.20  0.56%   
The current 90-days correlation between Clearbridge Small Cap and Dreyfus Natural Resources is 0.14 (i.e., Average 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

Significant diversification

The correlation between Clearbridge Small Cap and DJI is 0.02 (i.e., Significant 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 population.

Moving together with Clearbridge Mutual Fund

  0.66TEBIX Franklin Mutual BeaconPairCorr
  0.67TEDMX Templeton DevelopingPairCorr
  0.62TEDIX Franklin Mutual GlobalPairCorr
  0.62TEDSX Franklin Mutual GlobalPairCorr
  0.62TEDRX Franklin Mutual GlobalPairCorr
  0.61TEFRX Templeton ForeignPairCorr
  0.61TEFTX Templeton ForeignPairCorr
  0.68TEGRX Templeton GrowthPairCorr
  0.61TEMFX Templeton ForeignPairCorr
  0.63TEMGX Templeton Global SmallerPairCorr
  0.65TEMEX Franklin Mutual BeaconPairCorr
  0.63TEMMX Templeton EmergingPairCorr
  0.7TEMWX Templeton WorldPairCorr
  0.68TEMTX Franklin Mutual SharesPairCorr
  0.67TEMQX Mutual QuestPairCorr
  0.71SAIFX Clearbridge Large CapPairCorr
  0.66SAGYX Clearbridge AggressivePairCorr
  0.63TEMZX Templeton EmergingPairCorr
  0.71FQEMX Franklin Templeton SmacsPairCorr
  0.67TEQIX Franklin Mutual QuestPairCorr
  0.68TEPLX Templeton GrowthPairCorr
  0.7TWDAX Templeton WorldPairCorr
  0.69TESIX Franklin Mutual SharesPairCorr
  0.97TESGX Templeton Global SmallerPairCorr
  0.69TESRX Franklin Mutual SharesPairCorr
  0.9LGIEX Qs International EquityPairCorr
  0.7TEWTX Templeton WorldPairCorr
  0.7SAPYX Clearbridge AppreciationPairCorr

Related Correlations Analysis

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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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