Clearbridge Large Correlations

Mutual Funds . USA . 
Fund . Clearbridge Large Cap
SBLYX Fund  USD 78.48  0.26  0.33%   
The current 90-days correlation between Clearbridge Large Cap and Franklin Mutual Beacon is 0.03 (i.e., Significant diversification). The correlation of Clearbridge Large 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 Large Correlation With Market

Very poor diversification

The correlation between Clearbridge Large Cap and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clearbridge Large 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 Large 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 manufacturing.

Moving together with Clearbridge Mutual Fund

  0.98TEBIX Franklin Mutual BeaconPairCorr
  0.97TEDMX Templeton DevelopingPairCorr
  0.97TEDIX Franklin Mutual GlobalPairCorr
  0.97TEDSX Franklin Mutual GlobalPairCorr
  0.98TEDRX Franklin Mutual GlobalPairCorr
  0.98TEFRX Templeton ForeignPairCorr
  0.97TEFTX Templeton ForeignPairCorr
  0.88TEGBX Templeton Global BondPairCorr
  0.99TEGRX Templeton GrowthPairCorr
  0.97TEMFX Templeton ForeignPairCorr
  0.97TEMGX Templeton Global SmallerPairCorr
  0.98TEMEX Franklin Mutual BeaconPairCorr
  0.98TEMMX Templeton EmergingPairCorr
  0.97TEMIX Franklin Mutual EuropeanPairCorr
  0.97TEMWX Templeton WorldPairCorr
  0.97TEMTX Franklin Mutual SharesPairCorr
  0.97TEMQX Mutual QuestPairCorr
  0.98SAIFX Clearbridge Large CapPairCorr
  1.0SAGYX Clearbridge AggressivePairCorr
  0.99TEMZX Templeton EmergingPairCorr
  0.98TEPLX Templeton GrowthPairCorr
  0.97TWDAX Templeton WorldPairCorr
  0.97TESIX Franklin Mutual SharesPairCorr
  0.97TESRX Franklin Mutual SharesPairCorr
  0.94LGGAX Clearbridge InternationalPairCorr
  0.97TEURX Franklin Mutual EuropeanPairCorr
  0.97TEWTX Templeton WorldPairCorr
  0.99SAPYX Clearbridge AppreciationPairCorr
  0.92WAADX Western Asset SmashPairCorr
  0.8WAARX Western Asset TotalPairCorr
  0.64WACPX Western Asset EPairCorr
  0.67WABAX Western Asset EPairCorr
  0.96LGVAX Clearbridge Value TrustPairCorr
  0.98TFEQX International EquityPairCorr
  0.7WAFAX Western Asset InflationPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Clearbridge Mutual Fund performing well and Clearbridge Large 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 Large'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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
TEBIX  0.56  0.19  0.06 (2.03) 0.43 
(0.63)
 1.43 
(1.12)
 3.58 
TEDMX  0.58  0.29  0.22 (219.25) 0.15 
(0.73)
 1.58 
(1.27)
 4.48 
TEDIX  0.51  0.16  0.01 (2.12) 0.50 
(0.53)
 1.12 
(1.33)
 3.32 
TEDSX  0.51  0.15  0.01 (1.92) 0.52 
(0.53)
 1.15 
(1.32)
 3.37 
TEDRX  0.51  0.06  0.01  0.24  0.51 
(0.54)
 1.12 
(1.33)
 3.36 
TEFRX  0.66  0.14  0.10  0.36  0.46 
(0.82)
 1.76 
(1.39)
 4.25 
TEFTX  0.65  0.23  0.10 (2.38) 0.48 
(0.81)
 1.71 
(1.35)
 4.24 
TEGBX  0.33  0.07 (0.15) 2.96  0.19 
(0.44)
 0.87 
(0.43)
 2.11 
TEGRX  0.54  0.15  0.14  0.34  0.24 
(0.61)
 1.83 
(1.01)
 3.53 
TEMFX  0.66  0.23  0.11 (2.23) 0.44 
(0.80)
 1.72 
(1.35)
 4.14 

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