Clearbridge Large Correlations

LCMMX Fund

USD 80.57 0.10 0.12%

The current 90-days correlation between Clearbridge Large Cap and Riverparknext Century Growth is -0.22 (i.e., Very good 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

Significant diversification

The correlation between Clearbridge Large Cap and DJI is 0.01 (i.e., Significant 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 Correlation Analysis 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 industry.

Moving together with Clearbridge Mutual Fund

0.87	SAGCX	Clearbridge Aggressive	Pair Corr
0.78	SBCLX	Qs Defensive Growth	Pair Corr
0.72	WAHSX	Western Asset High	Pair Corr
0.61	SBICX	Clearbridge International	Pair Corr
0.77	SBSDX	Qs Sp 500	Pair Corr
0.65	WAYRX	Western Asset High	Pair Corr
0.82	SCBCX	Qs Servative Growth	Pair Corr
0.7	SCGCX	Qs Moderate Growth	Pair Corr

Related Correlations Analysis

	RPNCX	SRGAX	HGOFX	TFAGX	PSIJX	GETFX	GCIGX
RPNCX		0.7	0.86	0.7	0.95	0.87	0.65	RPNCX
SRGAX	0.7		0.77	0.95	0.69	0.83	0.86	SRGAX
HGOFX	0.86	0.77		0.75	0.85	0.86	0.58	HGOFX
TFAGX	0.7	0.95	0.75		0.68	0.77	0.8	TFAGX
PSIJX	0.95	0.69	0.85	0.68		0.89	0.65	PSIJX
GETFX	0.87	0.83	0.86	0.77	0.89		0.81	GETFX
GCIGX	0.65	0.86	0.58	0.8	0.65	0.81		GCIGX
	RPNCX	SRGAX	HGOFX	TFAGX	PSIJX	GETFX	GCIGX

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
RPNCX	1.20	(0.01)	0.02	0.07	1.61	(1.23)	2.46	(2.28)	8.43
SRGAX	0.48	0.04	(0.04)	0.46	0.71	(0.47)	0.89	(1.15)	2.84
HGOFX	0.86	0.02	0.01	0.09	1.23	(0.85)	1.63	(2.13)	5.36
TFAGX	0.86	0.09	0.02	0.85	1.24	(0.82)	1.65	(2.44)	5.01
PSIJX	1.09	0.01	0.03	0.08	1.41	(1.13)	2.72	(2.16)	6.75
GETFX	0.45	0.01	(0.01)	0.10	0.60	(0.44)	0.93	(1.04)	2.97
GCIGX	0.71	0.06	0.00	0.47	0.86	(0.71)	1.36	(1.61)	3.99

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Clearbridge Large Correlations

Clearbridge Large Correlation With Market

Significant diversification

Moving together with Clearbridge Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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