Clearbridge Aggressive Correlations

Mutual Funds . USA . 
Fund . Clearbridge Aggressive Growth
LSIFX Fund  USD 129.16  2.06  1.57%   
The current 90-days correlation between Clearbridge Aggressive and Janus Global Technology is -0.16 (i.e., Good diversification). The correlation of Clearbridge Aggressive 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 Aggressive Correlation With Market

Poor diversification

The correlation between Clearbridge Aggressive Growth and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clearbridge Aggressive Growth 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 Aggressive 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 census.

Moving together with Clearbridge Mutual Fund

  1.0SAGCX Clearbridge AggressivePairCorr
  0.95LGASX Clearbridge Small CapPairCorr
  0.9SAPCX Clearbridge AppreciationPairCorr
  0.92LGSCX Qs Small CapitalizationPairCorr
  0.72SBCLX Qs Defensive GrowthPairCorr
  0.95SBMLX Clearbridge Mid CapPairCorr
  0.63SBPLX Clearbridge DividendPairCorr
  0.97SBSDX Qs Sp 500PairCorr
  0.8SCBCX Qs Servative GrowthPairCorr
  0.88SCGCX Qs Moderate GrowthPairCorr
  0.88SCHCX Qs Growth FundPairCorr

Moving against Clearbridge Mutual Fund

  0.58WABSX Western Asset IntermPairCorr
  0.55SSTLX Western Asset ShortPairCorr
  0.47LGOCX Legg Mason BwPairCorr
  0.47WABRX Western Asset EPairCorr
  0.47WAPIX Western Asset EPairCorr
  0.46WACSX Western Asset EPairCorr
  0.46WABCX Western Asset EPairCorr
  0.45WAASX Western Asset TotalPairCorr
  0.44WAPCX Western Asset EPairCorr
  0.42WACIX Western Asset EPairCorr
  0.42WAPSX Western Asset EPairCorr
  0.38LGFEX Qs International EquityPairCorr
  0.37WAFCX Western Asset InflationPairCorr
  0.37WAFRX Western Asset InflationPairCorr
  0.56WATCX Western Asset IntermPairCorr
  0.55WATRX Western Asset IntermPairCorr
  0.43WAPRX Western Asset EPairCorr
  0.43WARIX Western Asset TotalPairCorr
  0.43WAUCX Western Asset TotalPairCorr
  0.42SBICX Clearbridge InternationalPairCorr
  0.42WAURX Western Asset TotalPairCorr
  0.42LIORX Clearbridge InternationalPairCorr
  0.41SBILX Western Asset PoratePairCorr
  0.38WATPX Western Asset InflationPairCorr
  0.38LIESX Qs International EquityPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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