Clearbridge Small Correlations

SASMX Fund

USD 33.55 0.86 2.63%

The current 90-days correlation between Clearbridge Small Cap and Barings Active Short is -0.12 (i.e., Good diversification). The correlation of Clearbridge Small 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 Small Correlation With Market

Poor diversification

The correlation between Clearbridge Small Cap and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clearbridge Small Cap 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 Small Cap. 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 population.

Moving together with Clearbridge Mutual Fund

0.9	TEMGX	Templeton Global Smaller	Pair Corr
0.66	TEMWX	Templeton World	Pair Corr
0.63	SAIFX	Clearbridge Large Cap	Pair Corr
0.97	SAGYX	Clearbridge Aggressive	Pair Corr
0.9	TESGX	Templeton Global Smaller	Pair Corr
0.65	TEWTX	Templeton World	Pair Corr
0.94	SAPYX	Clearbridge Appreciation	Pair Corr

Moving against Clearbridge Mutual Fund

0.4	TEFRX	Templeton Foreign	Pair Corr
0.4	TEFTX	Templeton Foreign	Pair Corr
0.4	TEMFX	Templeton Foreign	Pair Corr
0.39	TEMIX	Franklin Mutual European	Pair Corr
0.38	TEGBX	Templeton Global Bond	Pair Corr
0.39	TEURX	Franklin Mutual European	Pair Corr
0.39	LGIEX	Qs International Equity	Pair Corr
0.47	WABAX	Western Asset E	Pair Corr
0.42	WAARX	Western Asset Total	Pair Corr
0.42	WACPX	Western Asset E	Pair Corr
0.42	SBAYX	Western Asset Adjustable	Pair Corr
0.41	TFFAX	Templeton Foreign	Pair Corr
0.35	WAFAX	Western Asset Inflation	Pair Corr

Related Correlations Analysis

	BXDCX	TAAQX	FUEMX	DULTX	TSDCX	PSTQX	TASTX
BXDCX		0.98	0.95	0.97	0.97	0.97	0.98	BXDCX
TAAQX	0.98		0.94	0.95	0.95	0.99	1.0	TAAQX
FUEMX	0.95	0.94		0.99	0.99	0.94	0.94	FUEMX
DULTX	0.97	0.95	0.99		0.99	0.93	0.95	DULTX
TSDCX	0.97	0.95	0.99	0.99		0.94	0.95	TSDCX
PSTQX	0.97	0.99	0.94	0.93	0.94		0.99	PSTQX
TASTX	0.98	1.0	0.94	0.95	0.95	0.99		TASTX
	BXDCX	TAAQX	FUEMX	DULTX	TSDCX	PSTQX	TASTX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Clearbridge Mutual Fund performing well and Clearbridge Small 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 Small'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BXDCX	0.08	0.01	0.40	(0.43)	(0.15)	0.22	(0.11)	0.54
TAAQX	0.09	0.01	0.40	3.61	(0.15)	0.21	(0.10)	0.62
FUEMX	0.04	0.00	0.00	(0.28)	0.00	0.10	(0.10)	0.40
DULTX	0.04	0.01	0.00	(0.81)	0.00	0.10	0.00	0.51
TSDCX	0.05	0.01	0.37	(0.73)	(0.23)	0.11	(0.11)	0.66
PSTQX	0.11	0.01	0.31	0.70	(0.15)	0.29	(0.19)	0.67
TASTX	0.08	0.01	0.39	1.14	(0.17)	0.21	(0.10)	0.62

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