Clearbridge Appreciation Correlations

Mutual Funds . USA . 
Fund . Clearbridge Appreciation Fund
SAPCX Fund  USD 36.32  0.09  0.25%   
The current 90-days correlation between Clearbridge Appreciation and Clearbridge Aggressive Growth is -0.29 (i.e., Very good diversification). The correlation of Clearbridge Appreciation 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 Appreciation Correlation With Market

Very good diversification

The correlation between Clearbridge Appreciation Fund and DJI is -0.27 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clearbridge Appreciation Fund 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 Appreciation Fund. 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 private.

Moving together with Clearbridge Mutual Fund

  0.94WAASX Western Asset TotalPairCorr
  0.92LGSCX Qs Small CapitalizationPairCorr
  0.86WACSX Western Asset EPairCorr
  0.86WABCX Western Asset EPairCorr
  0.86WABRX Western Asset EPairCorr
  0.88WABSX Western Asset IntermPairCorr
  0.93WAGIX Western Asset GlobalPairCorr
  0.89SSTLX Western Asset ShortPairCorr
  0.91WAFCX Western Asset InflationPairCorr
  0.91WAFSX Western Asset InflationPairCorr
  0.91WAFRX Western Asset InflationPairCorr
  0.98SBCLX Qs Defensive GrowthPairCorr
  0.97WAHSX Western Asset HighPairCorr
  0.85WAPCX Western Asset EPairCorr
  0.88WAPIX Western Asset EPairCorr
  0.86WAPSX Western Asset EPairCorr
  0.86WAPRX Western Asset EPairCorr
  0.88SBICX Clearbridge InternationalPairCorr
  0.91SBILX Western Asset PoratePairCorr
  0.92WARIX Western Asset TotalPairCorr
  0.88WATCX Western Asset IntermPairCorr
  0.87WATRX Western Asset IntermPairCorr
  0.91WATPX Western Asset InflationPairCorr
  0.97SBMLX Clearbridge Mid CapPairCorr
  0.96SBPLX Clearbridge DividendPairCorr
  0.92WAUCX Western Asset TotalPairCorr
  0.92WAURX Western Asset TotalPairCorr
  1.0SBSDX Qs Sp 500PairCorr
  0.96WAYRX Western Asset HighPairCorr
  0.99SCBCX Qs Servative GrowthPairCorr
  0.96SCGCX Qs Moderate GrowthPairCorr
  0.99SCHCX Qs Growth FundPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Clearbridge Mutual Fund performing well and Clearbridge Appreciation 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 Appreciation'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SAGCX  0.69  0.01  0.00  0.12  0.65 
(0.81)
 1.49 
(1.14)
 3.79 
LGASX  0.85  0.10  0.15  0.19  0.64 
(1.03)
 1.64 
(1.48)
 4.13 
LGFEX  0.58  0.08 (0.07)(0.14) 0.70 
(0.63)
 1.33 
(1.39)
 3.85 
SAPCX  0.44  0.16  0.06 (0.58) 0.16 
(0.57)
 1.01 
(0.70)
 3.22 
LGOCX  0.32  0.03 (0.22)(0.30) 0.26 
(0.43)
 0.70 
(0.58)
 1.86 
SSMMX  0.13  0.01 (0.54)(0.63) 0.06 
(0.17)
 0.35 
(0.21)
 0.90 
WAASX  0.13  0.03 (0.47) 1.99  0.00 
(0.19)
 0.32 
(0.22)
 0.86 
LGSCX  0.77  0.25  0.15  12.93  0.56 
(0.88)
 2.14 
(1.46)
 4.60 
WACIX  0.24  0.03 (0.28) 6.48  0.11 
(0.33)
 0.55 
(0.33)
 1.31 
WACSX  0.24  0.00 (0.22) 0.00  0.00 
(0.31)
 0.57 
(0.38)
 1.25 

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