Clearbridge Small Correlations

SASMX Fund  USD 35.54  0.25  0.70%   
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

Good diversification

The correlation between Clearbridge Small Cap and DJI is -0.06 (i.e., Good 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 World Market Map 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 population.

Moving together with Clearbridge Mutual Fund

  0.97TEBIX Franklin Mutual BeaconPairCorr
  0.97TEDMX Templeton DevelopingPairCorr
  0.85TEDSX Franklin Mutual GlobalPairCorr
  0.85TEDRX Franklin Mutual GlobalPairCorr
  0.87TEFRX Templeton ForeignPairCorr
  0.96TEFTX Templeton ForeignPairCorr
  0.82TEGBX Templeton Global BondPairCorr
  0.86TEGRX Templeton GrowthPairCorr
  0.97TEMFX Templeton ForeignPairCorr
  0.96TEMGX Templeton Global SmallerPairCorr
  0.86TEMEX Franklin Mutual BeaconPairCorr
  0.96TEMMX Templeton EmergingPairCorr
  0.94TEMIX Franklin Mutual EuropeanPairCorr
  0.86TEMWX Templeton WorldPairCorr
  0.86TEMQX Mutual QuestPairCorr
  0.84SAIFX Clearbridge Large CapPairCorr
  0.87SAGYX Clearbridge AggressivePairCorr
  0.87TEMZX Templeton EmergingPairCorr
  0.94FQEMX Franklin Templeton SmacsPairCorr
  0.86TEQIX Franklin Mutual QuestPairCorr
  0.86TEPLX Templeton GrowthPairCorr
  0.96TWDAX Templeton WorldPairCorr
  0.97TESIX Franklin Mutual SharesPairCorr
  0.84TESGX Templeton Global SmallerPairCorr
  0.87TESRX Franklin Mutual SharesPairCorr
  0.84LGGAX Clearbridge InternationalPairCorr
  0.83TEURX Franklin Mutual EuropeanPairCorr
  0.76LGIEX Qs International EquityPairCorr
  0.96TEWTX Templeton WorldPairCorr
  0.74WAARX Western Asset TotalPairCorr

Moving against Clearbridge Mutual Fund

  0.4FQMDX Franklin Maryland TaxPairCorr

Related Correlations Analysis

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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   
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DVPXXSEGXX
  
High negative correlations   
GFAXXDVPXX
GFAXXPRRXX
MGSXXPRRXX

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.