Clearbridge Small Correlations

Mutual Funds . USA . 
Fund . Clearbridge Small Cap
LMNSX Fund  USD 69.64  1.07  1.56%   
The current 90-days correlation between Clearbridge Small Cap and Strategic Advisers Income is 0.51 (i.e., Very weak 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

Poor diversification

The correlation between Clearbridge Small Cap and DJI is 0.62 (i.e., Poor 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

  0.85TEBIX Franklin Mutual BeaconPairCorr
  0.87TEFTX Templeton ForeignPairCorr
  0.88TEMFX Templeton ForeignPairCorr
  0.95TEMGX Templeton Global SmallerPairCorr
  0.72TEMEX Franklin Mutual BeaconPairCorr
  0.89TEMMX Templeton EmergingPairCorr
  0.82TEMIX Franklin Mutual EuropeanPairCorr
  0.92TEMWX Templeton WorldPairCorr
  0.94TEMTX Franklin Mutual SharesPairCorr
  0.93TEMQX Mutual QuestPairCorr
  0.94SAIFX Clearbridge Large CapPairCorr
  0.89SAGYX Clearbridge AggressivePairCorr
  0.77TEMZX Templeton EmergingPairCorr
  0.91FQEMX Franklin Templeton SmacsPairCorr
  0.91TEPLX Templeton GrowthPairCorr
  0.78TWDAX Templeton WorldPairCorr
  0.94TESIX Franklin Mutual SharesPairCorr
  0.94TESRX Franklin Mutual SharesPairCorr
  0.66LGGAX Clearbridge InternationalPairCorr
  0.67TEURX Franklin Mutual EuropeanPairCorr
  0.73LGIEX Qs International EquityPairCorr
  0.92TEWTX Templeton WorldPairCorr
  0.92SAPYX Clearbridge AppreciationPairCorr
  0.91SASMX Clearbridge Small CapPairCorr
  0.68WAADX Western Asset SmashPairCorr
  0.67WAARX Western Asset TotalPairCorr

Moving against Clearbridge Mutual Fund

  0.34FQCHX Franklin Templeton SmacsPairCorr

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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