Clearbridge Large Correlations
SLCCX Fund | USD 40.09 0.34 0.86% |
The current 90-days correlation between Clearbridge Large Cap and American Funds Tax Exempt is 0.29 (i.e., Modest 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 0.85 (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.
Clearbridge |
Moving together with Clearbridge Mutual Fund
1.0 | SAGCX | Clearbridge Aggressive | PairCorr |
0.92 | LGASX | Clearbridge Small Cap | PairCorr |
0.98 | SAPCX | Clearbridge Appreciation | PairCorr |
0.66 | LGOCX | Legg Mason Bw | PairCorr |
0.78 | WAASX | Western Asset Total | PairCorr |
0.97 | LGSCX | Qs Small Capitalization | PairCorr |
0.62 | WACIX | Western Asset E | PairCorr |
0.68 | WACSX | Western Asset E | PairCorr |
0.64 | WABCX | Western Asset E | PairCorr |
0.75 | WABSX | Western Asset Interm | PairCorr |
0.9 | WAGIX | Western Asset Global | PairCorr |
0.65 | WAFSX | Western Asset Inflation | PairCorr |
0.97 | SBCLX | Qs Defensive Growth | PairCorr |
0.66 | WAPIX | Western Asset E | PairCorr |
0.97 | SBICX | Clearbridge International | PairCorr |
0.78 | WARIX | Western Asset Total | PairCorr |
0.68 | WATCX | Western Asset Interm | PairCorr |
0.72 | WATRX | Western Asset Interm | PairCorr |
0.63 | WATPX | Western Asset Inflation | PairCorr |
0.99 | SBMLX | Clearbridge Mid Cap | PairCorr |
0.96 | SBPLX | Clearbridge Dividend | PairCorr |
0.95 | WAYRX | Western Asset High | PairCorr |
1.0 | SCGCX | Qs Moderate Growth | PairCorr |
1.0 | SCHCX | Qs Growth Fund | PairCorr |
0.94 | LIESX | Qs International Equity | PairCorr |
0.99 | SCSMX | Clearbridge Small Cap | PairCorr |
0.92 | LISGX | Clearbridge Small Cap | PairCorr |
0.91 | SDSIX | Western Asset Global | PairCorr |
0.93 | ARMGX | Western Asset Adjustable | PairCorr |
0.99 | LLARX | Qs Servative Growth | PairCorr |
1.0 | LLLRX | Qs Growth Fund | PairCorr |
1.0 | LLMRX | Qs Moderate Growth | PairCorr |
0.98 | LMBMX | Qs Small Capitalization | PairCorr |
0.92 | LMASX | Clearbridge Small Cap | PairCorr |
0.92 | LMARX | Clearbridge Small Cap | PairCorr |
0.98 | LMBCX | Qs Small Capitalization | PairCorr |
Related Correlations Analysis
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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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
TEPFX | 0.07 | 0.02 | (1.17) | 0.92 | 0.00 | 0.11 | 0.32 | |||
VMSSX | 0.11 | 0.03 | (0.76) | 6.74 | 0.00 | 0.22 | 0.67 | |||
ATOAX | 0.02 | 0.00 | 0.00 | 0.48 | 0.00 | 0.00 | 0.30 | |||
QNZIX | 0.45 | 0.07 | (0.12) | 0.44 | 0.28 | 0.96 | 2.56 | |||
PRMDX | 0.06 | 0.01 | 0.00 | 1.21 | 0.00 | 0.20 | 0.39 | |||
QLERX | 0.33 | 0.11 | (0.23) | (1.12) | 0.21 | 0.68 | 2.03 | |||
BDMKX | 0.09 | 0.05 | (1.34) | (2.62) | 0.00 | 0.22 | 0.44 | |||
FTFZX | 0.06 | 0.00 | (1.48) | 0.00 | 0.00 | 0.20 | 0.49 |