Clearbridge Dividend Correlations

Mutual Funds USA . 
Fund . Clearbridge Dividend Strategy
SBPLX Fund  USD 29.80  0.03  0.10%   
The current 90-days correlation between Clearbridge Dividend and Clearbridge Aggressive Growth is 0.76 (i.e., Poor diversification). The correlation of Clearbridge Dividend 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 Dividend Correlation With Market

Very poor diversification

The correlation between Clearbridge Dividend Strategy and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clearbridge Dividend Strategy 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 Dividend Strategy. 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 bureau of economic analysis.

Moving together with Clearbridge Mutual Fund

  0.98SAGCX Clearbridge AggressivePairCorr
  0.94LGASX Clearbridge Small CapPairCorr
  0.94LGFEX Qs International EquityPairCorr
  0.99SAPCX Clearbridge AppreciationPairCorr
  0.76LGOCX Legg Mason BwPairCorr
  0.86WAASX Western Asset TotalPairCorr
  0.98LGSCX Qs Small CapitalizationPairCorr
  0.71WACIX Western Asset EPairCorr
  0.76WACSX Western Asset EPairCorr
  0.73WABCX Western Asset EPairCorr
  0.73WABRX Western Asset EPairCorr
  0.82WABSX Western Asset IntermPairCorr
  0.95WAGIX Western Asset GlobalPairCorr
  0.84SSTLX Western Asset ShortPairCorr
  0.73WAFCX Western Asset InflationPairCorr
  0.75WAFSX Western Asset InflationPairCorr
  0.73WAFRX Western Asset InflationPairCorr
  0.99SBCLX Qs Defensive GrowthPairCorr
  0.97WAHSX Western Asset HighPairCorr
  0.67WAPCX Western Asset EPairCorr
  0.75WAPIX Western Asset EPairCorr
  0.73WAPSX Western Asset EPairCorr
  0.7WAPRX Western Asset EPairCorr
  0.97SBICX Clearbridge InternationalPairCorr
  0.87SBILX Western Asset PoratePairCorr
  0.85WARIX Western Asset TotalPairCorr
  0.77WATCX Western Asset IntermPairCorr
  0.8WATRX Western Asset IntermPairCorr
  0.74WATPX Western Asset InflationPairCorr
  0.98SBMLX Clearbridge Mid CapPairCorr
  0.83WAUCX Western Asset TotalPairCorr
  0.84WAURX Western Asset TotalPairCorr
  0.99SBSDX Qs Sp 500PairCorr
  0.97WAYRX Western Asset HighPairCorr
  0.99SCBCX Qs Servative GrowthPairCorr
  0.99SCGCX Qs Moderate GrowthPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Clearbridge Mutual Fund performing well and Clearbridge Dividend 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 Dividend'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
SAGCX  0.87  0.15  0.15  0.27  0.73 
(1.04)
 2.54 
(1.61)
 6.37 
LGASX  0.90  0.08  0.08  0.21  0.89 
(1.06)
 2.06 
(1.61)
 6.79 
LGFEX  0.55  0.11  0.04  0.42  0.49 
(0.59)
 1.21 
(1.10)
 3.22 
SAPCX  0.59  0.09  0.08  0.24  0.54 
(0.69)
 1.76 
(1.02)
 3.79 
LGOCX  0.33  0.04 (0.25)(0.54) 0.29 
(0.42)
 0.81 
(0.59)
 1.90 
SSMMX  0.17 (0.01)(0.48)(0.14) 0.22 
(0.21)
 0.42 
(0.35)
 1.19 
WAASX  0.16  0.02 (0.44) 1.05  0.00 
(0.20)
 0.33 
(0.33)
 0.88 
LGSCX  0.83  0.13  0.12  0.26  0.80 
(0.94)
 2.47 
(1.71)
 5.59 
WACIX  0.28  0.01 (0.31) 0.22  0.28 
(0.30)
 0.55 
(0.55)
 1.33 
WACSX  0.27  0.01 (0.30) 0.27  0.25 
(0.31)
 0.48 
(0.48)
 1.26 

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