Clearbridge Aggressive Correlations

Mutual Funds . USA . 
Fund . Clearbridge Aggressive Growth
SAGCX Fund  USD 30.90  0.49  1.56%   
The current 90-days correlation between Clearbridge Aggressive and Intal High Relative is 0.6 (i.e., Poor 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 World Market Map 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 main economic indicators.

Moving together with Clearbridge Mutual Fund

  0.96LGASX Clearbridge Small CapPairCorr
  0.9SAPCX Clearbridge AppreciationPairCorr
  0.92LGSCX Qs Small CapitalizationPairCorr
  0.71SBCLX Qs Defensive GrowthPairCorr
  0.96SBMLX Clearbridge Mid CapPairCorr
  0.62SBPLX Clearbridge DividendPairCorr
  0.97SBSDX Qs Sp 500PairCorr
  0.79SCBCX Qs Servative GrowthPairCorr
  0.88SCGCX Qs Moderate GrowthPairCorr
  0.89SCHCX Qs Growth FundPairCorr

Moving against Clearbridge Mutual Fund

  0.59WABSX Western Asset IntermPairCorr
  0.56SSTLX Western Asset ShortPairCorr
  0.49LGOCX Legg Mason BwPairCorr
  0.48WABRX Western Asset EPairCorr
  0.48WAPIX Western Asset EPairCorr
  0.47WAASX Western Asset TotalPairCorr
  0.47WACSX Western Asset EPairCorr
  0.47WABCX Western Asset EPairCorr
  0.45WAPCX Western Asset EPairCorr
  0.44WACIX Western Asset EPairCorr
  0.43WAPSX Western Asset EPairCorr
  0.4LGFEX Qs International EquityPairCorr
  0.39WAFCX Western Asset InflationPairCorr
  0.39WAFRX Western Asset InflationPairCorr
  0.57WATCX Western Asset IntermPairCorr
  0.56WATRX Western Asset IntermPairCorr
  0.44WAPRX Western Asset EPairCorr
  0.44SBICX Clearbridge InternationalPairCorr
  0.44WARIX Western Asset TotalPairCorr
  0.44WAUCX Western Asset TotalPairCorr
  0.44WAURX Western Asset TotalPairCorr
  0.44LIORX Clearbridge InternationalPairCorr
  0.42SBILX Western Asset PoratePairCorr
  0.4LIESX Qs International EquityPairCorr
  0.39WATPX Western Asset InflationPairCorr

Related Correlations Analysis

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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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