Qs Us Correlations

LMUSX Fund

USD 27.91 0.05 0.18%

The current 90-days correlation between Qs Large Cap and Clearbridge Aggressive Growth is 0.88 (i.e., Very poor diversification). The correlation of Qs Us 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.

Qs Us Correlation With Market

Very poor diversification

The correlation between Qs Large Cap and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Qs Large 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 Qs Large 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 main economic indicators.

Moving together with LMUSX Mutual Fund

0.99	SCGCX	Qs Moderate Growth	Pair Corr
0.99	LLLRX	Qs Growth Fund	Pair Corr
0.99	LLMRX	Qs Moderate Growth	Pair Corr
0.9	LMBMX	Qs Small Capitalization	Pair Corr
0.86	LMGEX	Qs International Equity	Pair Corr
1.0	LMISX	Qs Large Cap	Pair Corr
0.97	LMLRX	Qs Defensive Growth	Pair Corr
1.0	LMTIX	Qs Large Cap	Pair Corr
0.78	LBDRX	Legg Mason Bw	Pair Corr
0.98	VTSAX	Vanguard Total Stock	Pair Corr
0.98	VFIAX	Vanguard 500 Index	Pair Corr
0.98	VTSMX	Vanguard Total Stock	Pair Corr
0.98	VITSX	Vanguard Total Stock	Pair Corr
0.98	VSMPX	Vanguard Total Stock	Pair Corr
0.98	VSTSX	Vanguard Total Stock	Pair Corr
0.98	VFINX	Vanguard 500 Index	Pair Corr
0.98	VFFSX	Vanguard 500 Index	Pair Corr
0.98	VINIX	Vanguard Institutional	Pair Corr
0.98	VIIIX	Vanguard Institutional	Pair Corr
0.87	FTCAX	Templeton Strained Bond	Pair Corr
0.83	TMBFX	Transamerica Intermediate	Pair Corr
0.97	AMFEX	Aama Equity Fund	Pair Corr
0.81	FCFAX	Frost Credit	Pair Corr
0.73	FEGOX	First Eagle Gold Steady Growth	Pair Corr
0.94	JEMQX	John Hancock Emerging	Pair Corr
0.84	PTIAX	Performance Trust	Pair Corr
0.84	BDJ	Blackrock Enhanced Equity	Pair Corr
0.98	PRUIX	T Rowe Price	Pair Corr
0.77	MAMBX	Mutual Of America	Pair Corr
0.98	TRRNX	T Rowe Price	Pair Corr

Moving against LMUSX Mutual Fund

0.96	USPSX	Profunds Ultrashort	Pair Corr
0.96	USPIX	Profunds Ultrashort	Pair Corr
0.82	TCTGX	Transamerica Cleartrack	Pair Corr
0.82	TDKTX	Cleartrack 2015 Class	Pair Corr
0.82	TCTJX	Transamerica Cleartrack	Pair Corr
0.79	TCSUX	Cleartrack 2020 Class	Pair Corr
0.35	UIPIX	Ultrashort Mid Cap	Pair Corr
0.34	PDI	Pimco Dynamic Income	Pair Corr

Related Correlations Analysis

	SAGCX	LGASX	LGFEX	SAPCX	LGOCX	SSMMX	WAASX	LGSCX	WACIX	WACSX
SAGCX		0.21	0.72	0.87	0.63	0.82	0.81	0.9	0.83	0.81	SAGCX
LGASX	0.21		-0.16	-0.06	0.4	-0.17	0.04	0.23	0.0	-0.02	LGASX
LGFEX	0.72	-0.16		0.89	0.38	0.85	0.74	0.72	0.78	0.79	LGFEX
SAPCX	0.87	-0.06	0.89		0.39	0.86	0.8	0.85	0.8	0.8	SAPCX
LGOCX	0.63	0.4	0.38	0.39		0.5	0.63	0.59	0.64	0.6	LGOCX
SSMMX	0.82	-0.17	0.85	0.86	0.5		0.92	0.86	0.95	0.95	SSMMX
WAASX	0.81	0.04	0.74	0.8	0.63	0.92		0.87	0.95	0.95	WAASX
LGSCX	0.9	0.23	0.72	0.85	0.59	0.86	0.87		0.83	0.82	LGSCX
WACIX	0.83	0.0	0.78	0.8	0.64	0.95	0.95	0.83		1.0	WACIX
WACSX	0.81	-0.02	0.79	0.8	0.6	0.95	0.95	0.82	1.0		WACSX
	SAGCX	LGASX	LGFEX	SAPCX	LGOCX	SSMMX	WAASX	LGSCX	WACIX	WACSX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

WACSX	+ 1.0	WACIX
WACIX	+ 0.95	SSMMX
WACSX	+ 0.95	SSMMX
WACIX	+ 0.95	WAASX
WACSX	+ 0.95	WAASX
WAASX	+ 0.92	SSMMX

High negative correlations

SSMMX	- 0.17	LGASX
LGFEX	- 0.16	LGASX
SAPCX	- 0.06	LGASX
WACSX	- 0.02	LGASX
WACIX	- 0.0	LGASX

Risk-Adjusted Indicators

There is a big difference between LMUSX Mutual Fund performing well and Qs Us 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 Qs Us' 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
SAGCX	0.72	(0.05)	(0.04)	0.02	1.05	(0.73)	1.33	(2.03)	5.02
LGASX	0.75	(0.11)	0.00	(0.02)	0.00	0.00	1.67	(1.72)	6.42
LGFEX	0.56	0.00	(0.02)	0.07	0.72	(0.57)	1.03	(1.12)	3.30
SAPCX	0.45	(0.03)	(0.07)	0.03	0.59	(0.48)	1.10	(0.86)	3.39
LGOCX	0.30	(0.02)	(0.20)	(0.06)	0.33	(0.35)	0.57	(0.57)	1.96
SSMMX	0.12	0.06	(0.06)	2.97	0.00	(0.18)	0.35	(0.14)	0.96
WAASX	0.10	0.00	(0.31)	0.06	0.00	(0.15)	0.22	(0.22)	0.76
LGSCX	0.86	(0.01)	0.02	0.06	0.96	(1.01)	2.23	(1.71)	6.81
WACIX	0.18	0.01	(0.23)	0.42	0.09	(0.22)	0.43	(0.32)	1.08
WACSX	0.19	0.02	(0.20)	0.49	0.09	(0.22)	0.38	(0.28)	1.03

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