Clearbridge Appreciation Correlations

LMESX Fund

USD 33.00 0.19 0.58%

The current 90-days correlation between Clearbridge Appreciation and Ab Global Risk is 0.01 (i.e., Significant 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

Good diversification

The correlation between Clearbridge Appreciation Fund and DJI is -0.07 (i.e., 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 Correlation Analysis 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 state.

Moving together with CLEARBRIDGE Mutual Fund

0.97	SAGCX	Clearbridge Aggressive	Pair Corr
0.97	LGASX	Clearbridge Small Cap	Pair Corr
0.78	SSMMX	Western Asset Managed	Pair Corr
0.88	LGSCX	Qs Small Capitalization	Pair Corr
0.79	WAHSX	Western Asset High	Pair Corr
0.85	SBMLX	Clearbridge Mid Cap	Pair Corr
0.89	SBSDX	Qs Sp 500	Pair Corr
0.68	SBYLX	Western Asset New	Pair Corr
0.91	SCBCX	Qs Servative Growth	Pair Corr
0.84	SCGCX	Qs Moderate Growth	Pair Corr
0.86	SCSMX	Clearbridge Small Cap	Pair Corr
0.67	SDSIX	Western Asset Global	Pair Corr
0.91	LLARX	Qs Servative Growth	Pair Corr
0.85	LLLRX	Qs Growth Fund	Pair Corr
0.84	LLMRX	Qs Moderate Growth	Pair Corr
0.78	LMBMX	Qs Small Capitalization	Pair Corr
0.77	LMGRX	Clearbridge International	Pair Corr
0.81	LMISX	Qs Large Cap	Pair Corr
0.86	LMLRX	Qs Defensive Growth	Pair Corr
0.89	LMLSX	Clearbridge Large Cap	Pair Corr
0.97	LMOIX	Clearbridge Small Cap	Pair Corr
0.85	LMREX	Clearbridge Mid Cap	Pair Corr
0.9	LMPLX	Clearbridge Large Cap	Pair Corr
0.87	LMPRX	Clearbridge Aggressive	Pair Corr

Moving against CLEARBRIDGE Mutual Fund

0.8	LGOCX	Legg Mason Bw	Pair Corr
0.59	SSTLX	Western Asset Short	Pair Corr
0.52	WATRX	Western Asset Interm	Pair Corr
0.33	WAASX	Western Asset Total	Pair Corr
0.66	GOBFX	Legg Mason Bw	Pair Corr
0.52	LROSX	Legg Mason Bw	Pair Corr

Related Correlations Analysis

	CABIX	REMVX	SEDAX	JTSQX	EMDIX	TEOJX
CABIX		0.55	0.5	0.92	0.61	0.38	CABIX
REMVX	0.55		0.88	0.55	0.83	0.89	REMVX
SEDAX	0.5	0.88		0.43	0.86	0.86	SEDAX
JTSQX	0.92	0.55	0.43		0.62	0.33	JTSQX
EMDIX	0.61	0.83	0.86	0.62		0.82	EMDIX
TEOJX	0.38	0.89	0.86	0.33	0.82		TEOJX
	CABIX	REMVX	SEDAX	JTSQX	EMDIX	TEOJX

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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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CABIX	0.46	0.05	0.22	0.00	0.60	(0.50)	0.93	(0.91)	3.47
REMVX	1.10	0.17	0.13	0.11	1.61	(1.09)	1.76	(2.54)	8.20
SEDAX	0.31	0.03	0.32	(11.54)	0.40	(0.36)	0.59	(0.46)	2.24
JTSQX	0.99	0.06	0.00	(0.08)	0.00	0.00	1.66	(2.22)	10.40
EMDIX	0.28	0.01	0.27	0.18	0.45	(0.30)	0.51	(0.65)	2.31
TEOJX	1.09	0.08	0.13	(1.89)	1.56	(1.10)	2.14	(2.00)	8.18

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