Legg Mason Correlations

Etfs . USA . 
Etf . Legg Mason Low
LVHD Etf  USD 39.79  0.31  0.77%   
The current 90-days correlation between Legg Mason Low and Vanguard Value Index is 0.76 (i.e., Poor diversification). 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.

Legg Mason Correlation With Market

Very weak diversification

The correlation between Legg Mason Low and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Legg Mason Low 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 Legg Mason Low. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Legg Etf

  0.74VTV Vanguard Value Index Potential GrowthPairCorr
  0.66VYM Vanguard High Dividend Sell-off TrendPairCorr
  0.7IWD iShares Russell 1000 Sell-off TrendPairCorr
  0.72DGRO iShares Core DividendPairCorr
  0.75IVE iShares SP 500PairCorr
  0.71DVY iShares Select DividendPairCorr
  0.75SPYV SPDR Portfolio SPPairCorr
  0.83FVD First Trust ValuePairCorr
  0.73IUSV iShares Core SPPairCorr
  0.91NOBL ProShares SP 500PairCorr
  0.69PG Procter GamblePairCorr
  0.62IBM International Business Fiscal Year End 22nd of January 2025 PairCorr

Moving against Legg Etf

  0.39ULE ProShares Ultra EuroPairCorr

Related Correlations Analysis

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Legg Mason Constituents Risk-Adjusted Indicators

There is a big difference between Legg Etf performing well and Legg Mason ETF 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.

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