Clearbridge International Correlations

Mutual Funds . USA . 
Fund . Clearbridge International Growth
LGGAX Fund  USD 62.50  0.57  0.90%   
The current 90-days correlation between Clearbridge International and Goldman Sachs Short is -0.19 (i.e., Good diversification). The correlation of Clearbridge International 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 International Correlation With Market

Poor diversification

The correlation between Clearbridge International Grow and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clearbridge International Grow and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Clearbridge International Growth. 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

  0.97TEBIX Franklin Mutual BeaconPairCorr
  0.89TEDMX Templeton DevelopingPairCorr
  0.92TEDIX Franklin Mutual GlobalPairCorr
  0.92TEDSX Franklin Mutual GlobalPairCorr
  0.92TEDRX Franklin Mutual GlobalPairCorr
  0.85TEFRX Templeton ForeignPairCorr
  0.85TEFTX Templeton ForeignPairCorr
  0.86TEGBX Templeton Global BondPairCorr
  0.87TEGRX Templeton GrowthPairCorr
  0.85TEMFX Templeton ForeignPairCorr
  0.97TEMEX Franklin Mutual BeaconPairCorr
  0.83TEMIX Franklin Mutual EuropeanPairCorr
  0.72TEMTX Franklin Mutual SharesPairCorr
  0.95TEMQX Mutual QuestPairCorr
  0.7FQEMX Franklin Templeton SmacsPairCorr
  0.95TEQIX Franklin Mutual QuestPairCorr
  0.87TEPLX Templeton GrowthPairCorr
  0.74TESIX Franklin Mutual SharesPairCorr
  0.74TESRX Franklin Mutual SharesPairCorr
  0.86TEURX Franklin Mutual EuropeanPairCorr
  0.88LGIEX Qs International EquityPairCorr
  0.84WAARX Western Asset TotalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Clearbridge Mutual Fund performing well and Clearbridge International 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 International'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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