Clearbridge Small Correlations

Mutual Funds USA . 
Fund . Clearbridge Small Cap
SCSMX Fund  USD 22.73  0.13  0.57%   
The current 90-days correlation between Clearbridge Small Cap and Goldman Sachs Clean is -0.18 (i.e., Good 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

Very poor diversification

The correlation between Clearbridge Small Cap and DJI is 0.84 (i.e., Very poor 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

  0.99SAGCX Clearbridge AggressivePairCorr
  0.95LGASX Clearbridge Small CapPairCorr
  0.93LGFEX Qs International EquityPairCorr
  0.97SAPCX Clearbridge AppreciationPairCorr
  0.7LGOCX Legg Mason BwPairCorr
  0.81WAASX Western Asset TotalPairCorr
  0.97LGSCX Qs Small CapitalizationPairCorr
  0.64WACIX Western Asset EPairCorr
  0.7WACSX Western Asset EPairCorr
  0.66WABCX Western Asset EPairCorr
  0.67WABRX Western Asset EPairCorr
  0.76WABSX Western Asset IntermPairCorr
  0.91WAGIX Western Asset GlobalPairCorr
  0.8SSTLX Western Asset ShortPairCorr
  0.67WAFCX Western Asset InflationPairCorr
  0.7WAFSX Western Asset InflationPairCorr
  0.66WAFRX Western Asset InflationPairCorr
  0.98SBCLX Qs Defensive GrowthPairCorr
  0.95WAHSX Western Asset HighPairCorr
  0.68WAPIX Western Asset EPairCorr
  0.66WAPSX Western Asset EPairCorr
  0.63WAPRX Western Asset EPairCorr
  0.94SBICX Clearbridge InternationalPairCorr
  0.82SBILX Western Asset PoratePairCorr
  0.79WARIX Western Asset TotalPairCorr
  0.7WATCX Western Asset IntermPairCorr
  0.73WATRX Western Asset IntermPairCorr
  0.68WATPX Western Asset InflationPairCorr
  0.99SBMLX Clearbridge Mid CapPairCorr
  0.95SBPLX Clearbridge DividendPairCorr
  0.77WAUCX Western Asset TotalPairCorr
  0.79WAURX Western Asset TotalPairCorr
  0.98SBSDX Qs Sp 500PairCorr
  0.95WAYRX Western Asset HighPairCorr
  0.97SCBCX 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 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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