Clearbridge International Correlations

Mutual Funds . USA . 
Fund . Clearbridge International Value
SBIYX Fund  USD 12.29  0.03  0.24%   
The current 90-days correlation between Clearbridge International and Franklin Small Mid Cap is 0.01 (i.e., Significant 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 0.54 (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 manufacturing.

Moving together with Clearbridge Mutual Fund

  0.72TEBIX Franklin Mutual BeaconPairCorr
  0.64TEDMX Templeton DevelopingPairCorr
  0.98TEDIX Franklin Mutual GlobalPairCorr
  0.75TEDSX Franklin Mutual GlobalPairCorr
  0.98TEDRX Franklin Mutual GlobalPairCorr
  0.98TEFRX Templeton ForeignPairCorr
  0.7TEFTX Templeton ForeignPairCorr
  0.72TEGBX Templeton Global BondPairCorr
  0.68TEGRX Templeton GrowthPairCorr
  0.7TEMFX Templeton ForeignPairCorr
  0.65TEMEX Franklin Mutual BeaconPairCorr
  0.62TEMMX Templeton EmergingPairCorr
  0.69TEMIX Franklin Mutual EuropeanPairCorr
  0.61TEMQX Mutual QuestPairCorr
  0.62TEMZX Templeton EmergingPairCorr
  0.97TEQIX Franklin Mutual QuestPairCorr
  0.96TESGX Templeton Global SmallerPairCorr
  0.68LGGAX Clearbridge InternationalPairCorr
  0.69TEURX Franklin Mutual EuropeanPairCorr
  0.99LGIEX Qs International EquityPairCorr

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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