Clearbridge Value Correlations

Mutual Funds . USA . 
Fund . Clearbridge Value Trust
LGVAX Fund  USD 102.45  0.57  0.56%   
The current 90-days correlation between Clearbridge Value Trust and Lord Abbett Short is 0.38 (i.e., Weak 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 nation.

Moving together with Clearbridge Mutual Fund

  0.96TEBIX Franklin Mutual BeaconPairCorr
  0.82TEDMX Templeton DevelopingPairCorr
  0.96TEDIX Franklin Mutual GlobalPairCorr
  0.96TEDSX Franklin Mutual GlobalPairCorr
  0.96TEDRX Franklin Mutual GlobalPairCorr
  0.8TEFRX Templeton ForeignPairCorr
  0.8TEFTX Templeton ForeignPairCorr
  0.78TEGBX Templeton Global BondPairCorr
  0.89TEGRX Templeton GrowthPairCorr
  0.81TEMFX Templeton ForeignPairCorr
  0.83TEMGX Templeton Global SmallerPairCorr
  0.96TEMEX Franklin Mutual BeaconPairCorr
  0.84TEMIX Franklin Mutual EuropeanPairCorr
  0.85TEMWX Templeton WorldPairCorr
  0.69TEMTX Franklin Mutual SharesPairCorr
  0.98TEMQX Mutual QuestPairCorr
  0.74FQCTX Franklin Necticut TaxPairCorr
  0.95SAIFX Clearbridge Large CapPairCorr
  0.8SAGYX Clearbridge AggressivePairCorr
  0.71FQCHX Franklin Templeton SmacsPairCorr
  0.79FQEMX Franklin Templeton SmacsPairCorr
  0.98TEQIX Franklin Mutual QuestPairCorr
  0.88TEPLX Templeton GrowthPairCorr
  0.85TWDAX Templeton WorldPairCorr
  0.71TESIX Franklin Mutual SharesPairCorr
  0.83TESGX Templeton Global SmallerPairCorr
  0.7TESRX Franklin Mutual SharesPairCorr
  0.89LGGAX Clearbridge InternationalPairCorr
  0.84TEURX Franklin Mutual EuropeanPairCorr
  0.89LGIEX Qs International EquityPairCorr
  0.68FQLAX Franklin Louisiana TaxPairCorr
  0.85TEWTX Templeton WorldPairCorr
  0.83SAPYX Clearbridge AppreciationPairCorr
  0.89SASMX Clearbridge Small CapPairCorr
  0.72FQNCX Franklin North CarolinaPairCorr
  0.73FQMDX Franklin Maryland TaxPairCorr

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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