Clearbridge Aggressive Correlations

Mutual Funds . USA . 
Fund . Clearbridge Aggressive Growth
SAGCX Fund  USD 36.14  0.41  1.15%   
The current 90-days correlation between Clearbridge Aggressive and Ab Bond Inflation is -0.05 (i.e., Good diversification). The correlation of Clearbridge Aggressive 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 Aggressive Correlation With Market

Almost no diversification

The correlation between Clearbridge Aggressive Growth and DJI is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clearbridge Aggressive Growth and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Clearbridge Aggressive Growth. 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 Clearbridge Mutual Fund

  0.9LGASX Clearbridge Small CapPairCorr
  0.92LGFEX Qs International EquityPairCorr
  0.99SAPCX Clearbridge AppreciationPairCorr
  0.78LGOCX Legg Mason BwPairCorr
  0.76WAASX Western Asset TotalPairCorr
  0.9LGSCX Qs Small CapitalizationPairCorr
  0.72WABSX Western Asset IntermPairCorr
  0.84WAGIX Western Asset GlobalPairCorr
  0.7SSTLX Western Asset ShortPairCorr
  0.98SBCLX Qs Defensive GrowthPairCorr
  0.91WAHSX Western Asset HighPairCorr
  0.97SBICX Clearbridge InternationalPairCorr
  0.66SBILX Western Asset PoratePairCorr
  0.78WARIX Western Asset TotalPairCorr
  0.67WATCX Western Asset IntermPairCorr
  0.98SBMLX Clearbridge Mid CapPairCorr
  0.82SBPLX Clearbridge DividendPairCorr
  0.72WAUCX Western Asset TotalPairCorr
  0.78WAURX Western Asset TotalPairCorr
  0.99SBSDX Qs Sp 500PairCorr
  0.95WAYRX Western Asset HighPairCorr
  0.94SCBCX Qs Servative GrowthPairCorr
  0.99SCGCX Qs Moderate GrowthPairCorr
  0.99SCHCX 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 Aggressive 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 Aggressive'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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