Clearbridge Small Correlations

Mutual Funds . USA . 
Fund . Clearbridge Small Cap
LGASX Fund  USD 67.86  0.51  0.75%   
The current 90-days correlation between Clearbridge Small Cap and Federated Equity Income is -0.14 (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 0.81 (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 Correlation Analysis 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 main economic indicators.

Moving together with Clearbridge Mutual Fund

  0.83SAGCX Clearbridge AggressivePairCorr
  0.82LGFEX Qs International EquityPairCorr
  0.93SAPCX Clearbridge AppreciationPairCorr
  0.85WAASX Western Asset TotalPairCorr
  0.95LGSCX Qs Small CapitalizationPairCorr
  0.78WACIX Western Asset EPairCorr
  0.8WACSX Western Asset EPairCorr
  0.79WABCX Western Asset EPairCorr
  0.8WABRX Western Asset EPairCorr
  0.86WAGIX Western Asset GlobalPairCorr
  0.87SSTLX Western Asset ShortPairCorr
  0.88WAFCX Western Asset InflationPairCorr
  0.88WAFSX Western Asset InflationPairCorr
  0.89WAFRX Western Asset InflationPairCorr
  0.92SBCLX Qs Defensive GrowthPairCorr
  0.91WAHSX Western Asset HighPairCorr
  0.77WAPCX Western Asset EPairCorr
  0.79WAPSX Western Asset EPairCorr
  0.77WAPRX Western Asset EPairCorr
  0.83SBICX Clearbridge InternationalPairCorr
  0.82SBILX Western Asset PoratePairCorr
  0.85WARIX Western Asset TotalPairCorr
  0.83WATRX Western Asset IntermPairCorr
  0.88WATPX Western Asset InflationPairCorr
  0.92SBMLX Clearbridge Mid CapPairCorr
  0.95SBPLX Clearbridge DividendPairCorr
  0.83WAUCX Western Asset TotalPairCorr
  0.84WAURX Western Asset TotalPairCorr
  0.92SBSDX Qs Sp 500PairCorr
  0.91WAYRX Western Asset HighPairCorr
  0.93SCBCX Qs Servative GrowthPairCorr
  0.96SCGCX Qs Moderate GrowthPairCorr
  0.93SCHCX Qs Growth FundPairCorr
  0.81LIESX Qs International EquityPairCorr
  0.93SCSMX Clearbridge Small CapPairCorr

Related Correlations Analysis


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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