Clearbridge International Correlations

Mutual Funds . USA . 
Fund . Clearbridge International Value
SBIEX Fund  USD 12.51  0.03  0.24%   
The current 90-days correlation between Clearbridge International and Franklin Small Mid Cap is 0.53 (i.e., Very weak diversification). The correlation of Clearbridge International 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 International Correlation With Market

Very weak diversification

The correlation between Clearbridge International Valu and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clearbridge International Valu 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 International Value. 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 income.

Moving together with Clearbridge Mutual Fund

  0.98TEBIX Franklin Mutual BeaconPairCorr
  0.95TEDMX Templeton DevelopingPairCorr
  0.98TEDIX Franklin Mutual GlobalPairCorr
  0.98TEDSX Franklin Mutual GlobalPairCorr
  0.98TEDRX Franklin Mutual GlobalPairCorr
  0.98TEFRX Templeton ForeignPairCorr
  0.98TEFTX Templeton ForeignPairCorr
  0.94TEGBX Templeton Global BondPairCorr
  0.98TEGRX Templeton GrowthPairCorr
  0.98TEMFX Templeton ForeignPairCorr
  0.96TEMGX Templeton Global SmallerPairCorr
  0.98TEMEX Franklin Mutual BeaconPairCorr
  0.98TEMMX Templeton EmergingPairCorr
  1.0TEMIX Franklin Mutual EuropeanPairCorr
  0.96TEMWX Templeton WorldPairCorr
  0.95TEMTX Franklin Mutual SharesPairCorr
  0.97TEMQX Mutual QuestPairCorr
  0.94SAIFX Clearbridge Large CapPairCorr
  0.97SAGYX Clearbridge AggressivePairCorr
  0.98TEMZX Templeton EmergingPairCorr
  0.92FQEMX Franklin Templeton SmacsPairCorr
  0.97TEQIX Franklin Mutual QuestPairCorr
  0.98TEPLX Templeton GrowthPairCorr
  0.96TWDAX Templeton WorldPairCorr
  0.95TESIX Franklin Mutual SharesPairCorr
  0.96TESGX Templeton Global SmallerPairCorr
  0.95TESRX Franklin Mutual SharesPairCorr
  0.98LGGAX Clearbridge InternationalPairCorr
  1.0TEURX Franklin Mutual EuropeanPairCorr
  0.99LGIEX Qs International EquityPairCorr
  0.96TEWTX Templeton WorldPairCorr
  0.96SAPYX Clearbridge AppreciationPairCorr
  0.96SASMX Clearbridge Small CapPairCorr
  0.89WAADX Western Asset SmashPairCorr
  0.82WAARX Western Asset TotalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Clearbridge Mutual Fund performing well and Clearbridge International 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 International'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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