Clearbridge Dividend Correlations
SBPLX Fund | USD 29.99 0.22 0.73% |
The current 90-days correlation between Clearbridge Dividend and Smallcap World Fund is -0.01 (i.e., Good diversification). The correlation of Clearbridge Dividend 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 |
Moving together with CLEARBRIDGE Mutual Fund
0.8 | SAGCX | Clearbridge Aggressive | PairCorr |
0.79 | LGASX | Clearbridge Small Cap | PairCorr |
0.84 | LGFEX | Qs International Equity | PairCorr |
0.84 | SAPCX | Clearbridge Appreciation | PairCorr |
0.85 | LGSCX | Qs Small Capitalization | PairCorr |
0.88 | WAGIX | Western Asset Global | PairCorr |
0.97 | SBCLX | Qs Defensive Growth | PairCorr |
0.86 | WAHSX | Western Asset High | PairCorr |
0.86 | SBICX | Clearbridge International | PairCorr |
0.61 | SBILX | Western Asset Porate | PairCorr |
0.68 | WARIX | Western Asset Total | PairCorr |
0.96 | SBMLX | Clearbridge Mid Cap | PairCorr |
0.67 | WAUCX | Western Asset Total | PairCorr |
0.68 | WAURX | Western Asset Total | PairCorr |
0.96 | SBSDX | Qs Sp 500 | PairCorr |
0.95 | WAYRX | Western Asset High | PairCorr |
0.97 | SCBCX | Qs Servative Growth | PairCorr |
0.86 | SCGCX | Qs Moderate Growth | PairCorr |
Related Correlations Analysis
0.96 | 0.98 | 0.96 | 0.97 | 0.98 | CSPFX | ||
0.96 | 0.92 | 0.88 | 0.91 | 0.97 | LEQCX | ||
0.98 | 0.92 | 0.99 | 0.99 | 0.94 | PAEIX | ||
0.96 | 0.88 | 0.99 | 0.99 | 0.92 | LMEAX | ||
0.97 | 0.91 | 0.99 | 0.99 | 0.93 | TOIIX | ||
0.98 | 0.97 | 0.94 | 0.92 | 0.93 | GRSPX | ||
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Risk-Adjusted Indicators
There is a big difference between CLEARBRIDGE Mutual Fund performing well and Clearbridge Dividend 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 Dividend'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
CSPFX | 1.01 | 0.11 | 0.06 | 0.16 | 1.44 | 2.13 | 9.09 | |||
LEQCX | 0.50 | 0.03 | 0.02 | 0.12 | 0.62 | 1.03 | 3.52 | |||
PAEIX | 0.87 | 0.08 | 0.04 | 0.14 | 1.39 | 1.78 | 8.50 | |||
LMEAX | 0.84 | 0.10 | 0.05 | 0.18 | 1.38 | 1.67 | 8.37 | |||
TOIIX | 0.77 | 0.14 | 0.08 | 0.27 | 1.45 | 1.86 | 8.31 | |||
GRSPX | 1.08 | 0.09 | 0.05 | 0.13 | 1.46 | 2.09 | 10.61 |