Leggmason Partners Correlations

CIFXX Fund

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The correlation of Leggmason Partners 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.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Leggmason Partners Institutional. Also, note that the market value of any money market fund could be closely tied with the direction of predictive economic indicators such as signals in interest.

Related Correlations Analysis

	TAAEX	NEAIX	CIPMX	TEGAX	LANIX	TFAGX
TAAEX		0.73	0.39	0.84	0.41	0.89	TAAEX
NEAIX	0.73		0.64	0.78	0.59	0.86	NEAIX
CIPMX	0.39	0.64		0.74	0.83	0.62	CIPMX
TEGAX	0.84	0.78	0.74		0.7	0.91	TEGAX
LANIX	0.41	0.59	0.83	0.7		0.63	LANIX
TFAGX	0.89	0.86	0.62	0.91	0.63		TFAGX
	TAAEX	NEAIX	CIPMX	TEGAX	LANIX	TFAGX

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Risk-Adjusted Indicators

There is a big difference between Leggmason Money Market Fund performing well and Leggmason Partners Money Market 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 Leggmason Partners' 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
TAAEX	1.37	0.43	0.25	(26.81)	1.25	(1.62)	3.09	(1.92)	12.35
NEAIX	1.05	0.06	0.04	0.26	1.18	(1.16)	2.19	(1.59)	8.12
CIPMX	0.82	(0.06)	0.00	2.44	0.00	0.00	1.26	(1.21)	12.40
TEGAX	0.93	0.12	0.08	0.79	1.12	(0.98)	2.13	(1.56)	7.72
LANIX	0.57	(0.05)	0.00	(0.14)	0.00	0.00	1.04	(0.87)	8.27
TFAGX	0.61	0.07	0.05	1.24	0.85	(0.66)	1.34	(1.32)	5.84

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Leggmason Partners Correlations

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