Legg Mason Correlations

Funds . USA . 
Fund . Legg Mason Partners
QLMABX Fund  USD 16.22  0.09  0.56%   
The current 90-days correlation between Legg Mason Partners and Avantis Large Cap is 0.84 (i.e., Very 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Legg Mason Correlation With Market

Very poor diversification

The correlation between Legg Mason Partners and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Legg Mason Partners and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Legg Mason Partners. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Legg Fund

  0.98VTSAX Vanguard Total StockPairCorr
  0.99VFIAX Vanguard 500 IndexPairCorr
  0.98VTSMX Vanguard Total StockPairCorr
  0.98VITSX Vanguard Total StockPairCorr
  0.98VSTSX Vanguard Total StockPairCorr
  0.98VSMPX Vanguard Total StockPairCorr
  0.99VFINX Vanguard 500 IndexPairCorr
  0.99VFFSX Vanguard 500 IndexPairCorr
  0.69XOM Exxon Mobil Corp Fiscal Year End 7th of February 2025 PairCorr
  0.93AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.73JPM JPMorgan Chase Sell-off TrendPairCorr
  0.94AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.93CSCO Cisco Systems Sell-off TrendPairCorr
  0.8HPQ HP IncPairCorr
  0.87HD Home DepotPairCorr
  0.76DIS Walt Disney Sell-off TrendPairCorr
  0.91INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.81WMT Walmart Aggressive PushPairCorr

Moving against Legg Fund

  0.75JNJ Johnson Johnson Sell-off TrendPairCorr
  0.74MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.73PFHCX Pacific Funds SmallPairCorr
  0.58PFE Pfizer Inc Aggressive PushPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY