Clearbridge Dividend Correlations

Mutual Funds . USA . 
Fund . Clearbridge Dividend Strategy
SOPAX Fund  USD 30.91  0.23  0.75%   
The current 90-days correlation between Clearbridge Dividend and Clearbridge Appreciation Fund is 0.77 (i.e., Poor 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 Dividend Correlation With Market

Very poor diversification

The correlation between Clearbridge Dividend Strategy and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clearbridge Dividend Strategy 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 Dividend Strategy. 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 nation.

Moving together with Clearbridge Mutual Fund

  0.83VVIAX Vanguard Value IndexPairCorr
  0.99AFMFX American MutualPairCorr
  0.85FFMMX American Funds AmericanPairCorr
  0.85FFFMX American Funds AmericanPairCorr
  0.99AMRMX American MutualPairCorr
  0.82DODGX Dodge Stock FundPairCorr
  0.83VIVAX Vanguard Value IndexPairCorr
  0.77ASG Liberty All StarPairCorr
  0.77IIF Morgan Stanley IndiaPairCorr
  0.81CII Blackrock EnhancedPairCorr
  0.78ETV Eaton Vance TaxPairCorr
  0.84CLM Cornerstone StrategicPairCorr
  0.84CRF Cornerstone StrategicPairCorr
  0.73USA Liberty All StarPairCorr
  0.82ETY Eaton Vance TaxPairCorr
  0.85NFJ Virtus Dividend InterestPairCorr

Moving against Clearbridge Mutual Fund

  0.45MCD McDonaldsPairCorr
  0.36HPQ HP IncPairCorr
  0.35WMT WalmartPairCorr

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   
SBMAX
+ 0.99
SHRAX
SBLGX
+ 0.94
SHAPX
SHRAX
+ 0.85
SHAPX
SBMAX
+ 0.84
SHAPX
SBLGX
+ 0.83
SHRAX
SBLGX
+ 0.82
SBMAX
  
High negative correlations   
SBLGX
- 0.0
SHFVX
SBMAX
- 0.0
SHFVX
SHFVX
- 0.0
SHRAX
SHFVX
- 0.0
SHAPX

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.

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