Clearbridge Small Correlations

Mutual Funds . USA . 
Fund . Clearbridge Small Cap
LGASX Fund  USD 63.41  0.45  0.71%   
The current 90-days correlation between Clearbridge Small Cap and Principal Lifetime Hybrid is 0.93 (i.e., Almost no 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

Almost no diversification

The correlation between Clearbridge Small Cap and DJI is 0.91 (i.e., Almost no 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 state.

Moving together with Clearbridge Mutual Fund

  0.9SAGCX Clearbridge AggressivePairCorr
  0.85LGFEX Qs International EquityPairCorr
  0.93SAPCX Clearbridge AppreciationPairCorr
  0.61LGOCX Legg Mason BwPairCorr
  0.74WAASX Western Asset TotalPairCorr
  0.95LGSCX Qs Small CapitalizationPairCorr
  0.64WABSX Western Asset IntermPairCorr
  0.86WAGIX Western Asset GlobalPairCorr
  0.68SSTLX Western Asset ShortPairCorr
  0.94SBCLX Qs Defensive GrowthPairCorr
  0.91WAHSX Western Asset HighPairCorr
  0.88SBICX Clearbridge InternationalPairCorr
  0.72SBILX Western Asset PoratePairCorr
  0.73WARIX Western Asset TotalPairCorr
  0.62WATCX Western Asset IntermPairCorr
  0.95SBMLX Clearbridge Mid CapPairCorr
  0.93SBPLX Clearbridge DividendPairCorr
  0.72WAUCX Western Asset TotalPairCorr
  0.73WAURX Western Asset TotalPairCorr
  0.94SBSDX Qs Sp 500PairCorr
  0.91WAYRX Western Asset HighPairCorr
  0.88SCBCX Qs Servative GrowthPairCorr
  0.94SCGCX Qs Moderate GrowthPairCorr
  0.94SCHCX Qs Growth FundPairCorr

Related Correlations Analysis

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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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