Clearbridge Large Correlations

SINOX Fund

USD 38.48 0.27 0.70%

The correlation of Clearbridge Large 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 Large Correlation With Market

Poor diversification

The correlation between Clearbridge Large Cap and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clearbridge Large 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 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 various price indices.

Moving together with Clearbridge Mutual Fund

0.87	VVIAX	Vanguard Value Index	Pair Corr
0.94	AWSHX	Washington Mutual	Pair Corr
0.94	WSHCX	Washington Mutual	Pair Corr
0.82	WSHFX	Washington Mutual	Pair Corr
0.94	FWWMX	American Funds Washington	Pair Corr
0.94	FWMMX	American Funds Washington	Pair Corr
0.91	DODGX	Dodge Stock Fund	Pair Corr
0.8	AMFFX	American Mutual	Pair Corr
0.8	AMFCX	American Mutual	Pair Corr
0.66	SMPIX	Semiconductor Ultrasector	Pair Corr
0.93	SMPSX	Semiconductor Ultrasector	Pair Corr
0.95	UJPIX	Ultrajapan Profund	Pair Corr
0.81	PMPIX	Precious Metals Ultr	Pair Corr
0.69	PMPSX	Precious Metals Ultr	Pair Corr
0.88	RMQAX	Monthly Rebalance	Pair Corr
0.89	RMQHX	Monthly Rebalance	Pair Corr
0.72	FRGOX	Franklin Gold Precious	Pair Corr
0.72	FGADX	Franklin Gold Precious	Pair Corr
0.75	UOPIX	Ultra Nasdaq 100	Pair Corr
0.65	DIS	Walt Disney	Pair Corr
0.83	BA	Boeing Earnings Call Tomorrow	Pair Corr

Moving against Clearbridge Mutual Fund

0.71	AMRMX	American Mutual	Pair Corr
0.5	HPQ	HP Inc	Pair Corr
0.41	IBM	International Business Earnings Call This Week	Pair Corr
0.37	MSFT	Microsoft Earnings Call Tomorrow	Pair Corr
0.36	MMM	3M Company	Pair Corr

Related Correlations Analysis

	GCFSX	FNPIX	SBFAX	PFPNX	DVFYX	PGFMX	HILFX
GCFSX		0.81	0.93	0.79	0.97	0.79	0.89	GCFSX
FNPIX	0.81		0.84	0.54	0.91	0.65	0.91	FNPIX
SBFAX	0.93	0.84		0.74	0.96	0.75	0.88	SBFAX
PFPNX	0.79	0.54	0.74		0.72	0.94	0.64	PFPNX
DVFYX	0.97	0.91	0.96	0.72		0.76	0.93	DVFYX
PGFMX	0.79	0.65	0.75	0.94	0.76		0.69	PGFMX
HILFX	0.89	0.91	0.88	0.64	0.93	0.69		HILFX
	GCFSX	FNPIX	SBFAX	PFPNX	DVFYX	PGFMX	HILFX

Risk-Adjusted Indicators

There is a big difference between Clearbridge Mutual Fund performing well and Clearbridge Large 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 Large'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
GCFSX	0.49	0.11	0.12	0.22	0.48	(0.58)	1.15	(1.04)	3.27
FNPIX	1.00	(0.10)	(0.05)	0.00	1.45	(0.93)	1.85	(2.56)	6.55
SBFAX	0.92	0.26	0.25	0.53	0.44	(1.14)	1.70	(1.46)	18.32
PFPNX	0.09	0.01	(0.34)	0.16	0.00	(0.13)	0.21	(0.21)	0.72
DVFYX	0.65	0.09	0.09	0.17	0.68	(0.69)	1.62	(1.26)	4.16
PGFMX	0.32	0.02	(0.05)	0.10	0.30	(0.36)	0.66	(0.65)	2.83
HILFX	1.09	0.04	0.05	0.10	1.10	(1.34)	2.07	(2.06)	12.15

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