Legg Mason Correlations
| INGXX Fund | USD 1.00 0.00 0.00% |
The correlation of Legg Mason 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.
Legg |
Related Correlations Analysis
| 0.97 | 0.93 | 0.49 | 1.0 | FAFSX | ||
| 0.97 | 0.98 | 0.63 | 0.97 | PSSRX | ||
| 0.93 | 0.98 | 0.71 | 0.92 | FIDAX | ||
| 0.49 | 0.63 | 0.71 | 0.48 | IAAEX | ||
| 1.0 | 0.97 | 0.92 | 0.48 | FIKBX | ||
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Risk-Adjusted Indicators
There is a big difference between Legg Money Market Fund performing well and Legg Mason 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 Legg Mason'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FAFSX | 0.89 | (0.04) | 0.00 | (0.11) | 0.00 | 1.65 | 6.26 | |||
| PSSRX | 0.97 | (0.10) | 0.00 | (0.16) | 0.00 | 1.69 | 6.03 | |||
| FIDAX | 0.99 | (0.11) | 0.00 | (0.18) | 0.00 | 1.82 | 7.22 | |||
| IAAEX | 0.80 | (0.12) | 0.00 | (0.32) | 0.00 | 1.41 | 9.17 | |||
| FIKBX | 0.89 | (0.03) | 0.00 | (0.10) | 0.00 | 1.66 | 6.29 |