Legg Mason Correlations
| LAIXX 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.
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FORFX | 0.05 | 0.02 | 0.00 | (5.40) | 0.00 | 0.11 | 0.32 | |||
| FRIOX | 0.26 | 0.02 | 0.19 | 0.06 | 0.32 | 0.59 | 1.30 | |||
| IARIX | 0.90 | (0.01) | 0.00 | (0.08) | 0.00 | 1.59 | 4.67 | |||
| ZRPTUX | 0.08 | (0.01) | 0.00 | (0.92) | 0.00 | 0.15 | 0.98 | |||
| REINX | 0.90 | (0.01) | 0.00 | (0.08) | 0.00 | 1.61 | 4.62 | |||
| VGSIX | 0.92 | 0.00 | 0.00 | (0.07) | 0.00 | 1.73 | 4.57 | |||
| NRSCX | 0.18 | 0.00 | 0.24 | 0.08 | 0.22 | 0.31 | 1.00 |