Legg Mason Correlations

QLMGTX Fund

USD 14.02 0.18 1.30%

The current 90-days correlation between Legg Mason Partners and Washington Mutual Investors is 0.27 (i.e., Modest 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

Average diversification

The correlation between Legg Mason Partners and DJI is 0.17 (i.e., Average 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 price.

Moving together with Legg Fund

0.7	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.87	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.81	HPQ	HP Inc	Pair Corr
0.87	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.72	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr

Moving against Legg Fund

0.86	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.67	MSFT	Microsoft	Pair Corr
0.54	WMT	Walmart	Pair Corr
0.37	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.34	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	WMFFX	TRLGX	TRSAX	TRBCX	JAAIX	AMONX	FMTIX
WMFFX		0.15	0.63	0.07	0.58	0.89	0.79	WMFFX
TRLGX	0.15		0.68	0.99	0.54	0.17	0.55	TRLGX
TRSAX	0.63	0.68		0.59	0.6	0.73	0.81	TRSAX
TRBCX	0.07	0.99	0.59		0.52	0.06	0.49	TRBCX
JAAIX	0.58	0.54	0.6	0.52		0.46	0.76	JAAIX
AMONX	0.89	0.17	0.73	0.06	0.46		0.73	AMONX
FMTIX	0.79	0.55	0.81	0.49	0.76	0.73		FMTIX
	WMFFX	TRLGX	TRSAX	TRBCX	JAAIX	AMONX	FMTIX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
WMFFX	0.62	(0.06)	0.00	(1.36)	0.00	0.00	1.01	(1.14)	7.03
TRLGX	0.68	0.11	0.08	1.01	0.95	(0.63)	1.43	(1.33)	5.21
TRSAX	0.82	0.02	0.01	0.17	1.70	(0.71)	1.54	(2.26)	8.77
TRBCX	0.74	0.12	0.09	1.01	0.91	(0.73)	1.57	(1.50)	5.70
JAAIX	0.17	(0.03)	0.00	(0.63)	0.00	0.00	0.37	(0.37)	2.35
AMONX	0.94	(0.11)	0.00	(0.09)	0.00	0.00	1.26	(1.84)	15.94
FMTIX	0.37	(0.03)	0.00	(0.21)	0.00	0.00	0.74	(0.75)	2.91

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