Clearbridge Aggressive Correlations

Mutual Funds . USA . 
Fund . Clearbridge Aggressive Growth
SAGCX Fund  USD 36.78  0.28  0.77%   
The current 90-days correlation between Clearbridge Aggressive and Putnman Retirement Ready is 0.77 (i.e., Poor diversification). The correlation of Clearbridge Aggressive 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 Aggressive Correlation With Market

Poor diversification

The correlation between Clearbridge Aggressive Growth and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clearbridge Aggressive Growth 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 Aggressive Growth. 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 services.

Moving together with Clearbridge Mutual Fund

  0.82LGASX Clearbridge Small CapPairCorr
  0.92SAPCX Clearbridge AppreciationPairCorr
  0.83WAASX Western Asset TotalPairCorr
  0.78LGSCX Qs Small CapitalizationPairCorr
  0.75WACIX Western Asset EPairCorr
  0.72WACSX Western Asset EPairCorr
  0.75WABSX Western Asset IntermPairCorr
  0.88WAHSX Western Asset HighPairCorr
  0.75WAPIX Western Asset EPairCorr
  0.7SBICX Clearbridge InternationalPairCorr
  0.78SBILX Western Asset PoratePairCorr
  0.83WARIX Western Asset TotalPairCorr
  0.81WATPX Western Asset InflationPairCorr
  0.66SBMLX Clearbridge Mid CapPairCorr
  0.82WAURX Western Asset TotalPairCorr
  0.62WAYRX Western Asset HighPairCorr
  0.63SCBCX Qs Servative GrowthPairCorr
  0.91SCGCX Qs Moderate GrowthPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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