Clearbridge Value Correlations

Mutual Funds . USA . 
Fund . Clearbridge Value Trust
LMNVX Fund  USD 131.87  0.85  0.65%   
The current 90-days correlation between Clearbridge Value Trust and Ab Bond Inflation is 0.03 (i.e., Significant diversification). The correlation of Clearbridge Value 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 Value Correlation With Market

Very poor diversification

The correlation between Clearbridge Value Trust and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clearbridge Value Trust 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 Value Trust. 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 unemployment.

Moving together with Clearbridge Mutual Fund

  0.9TEBIX Franklin Mutual BeaconPairCorr
  0.84TEDMX Templeton DevelopingPairCorr
  0.9TEDIX Franklin Mutual GlobalPairCorr
  0.9TEDSX Franklin Mutual GlobalPairCorr
  0.94TEDRX Franklin Mutual GlobalPairCorr
  0.87TEFRX Templeton ForeignPairCorr
  0.82TEFTX Templeton ForeignPairCorr
  0.75TEGBX Templeton Global BondPairCorr
  0.87TEGRX Templeton GrowthPairCorr
  0.83TEMFX Templeton ForeignPairCorr
  0.88TEMGX Templeton Global SmallerPairCorr
  0.86TEMEX Franklin Mutual BeaconPairCorr
  0.69TEMMX Templeton EmergingPairCorr
  0.81TEMIX Franklin Mutual EuropeanPairCorr
  0.84TEMWX Templeton WorldPairCorr
  0.92TEMTX Franklin Mutual SharesPairCorr
  0.88TEMQX Mutual QuestPairCorr
  0.88SAIFX Clearbridge Large CapPairCorr
  0.8SAGYX Clearbridge AggressivePairCorr
  0.71TEMZX Templeton EmergingPairCorr
  0.81FQEMX Franklin Templeton SmacsPairCorr
  0.92TEQIX Franklin Mutual QuestPairCorr
  0.82TEPLX Templeton GrowthPairCorr
  0.85TWDAX Templeton WorldPairCorr
  0.98TESIX Franklin Mutual SharesPairCorr
  0.92TESGX Templeton Global SmallerPairCorr
  0.92TESRX Franklin Mutual SharesPairCorr
  0.8TEURX Franklin Mutual EuropeanPairCorr
  0.76LGIEX Qs International EquityPairCorr
  0.81TEWTX Templeton WorldPairCorr
  0.8SAPYX Clearbridge AppreciationPairCorr
  0.86SASMX Clearbridge Small CapPairCorr
  0.61WAADX Western Asset SmashPairCorr
  0.77WAARX Western Asset TotalPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Clearbridge Mutual Fund performing well and Clearbridge Value 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 Value'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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